Bloomin’ Brands (NASDAQ:BLMN) Stock Gets Price Target Trim from Citigroup

Bloomin’ Brands (NASDAQ:BLMN) had its price target lowered by Citigroup from $12.75 to $12.25 in a research report report published on Friday,Benzinga reports. The brokerage currently has a neutral rating on the restaurant operator’s stock.

BLMN has been the subject of a number of other reports. Piper Sandler lifted their target price on Bloomin’ Brands from $9.00 to $12.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Morgan Stanley upped their target price on Bloomin’ Brands from $8.00 to $12.00 and gave the company an “equal weight” rating in a report on Thursday, August 6th. Zacks Research cut Bloomin’ Brands from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 16th. BMO Capital Markets reissued a “market perform” rating and issued a $12.00 price target on shares of Bloomin’ Brands in a report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $11.00 price target on shares of Bloomin’ Brands in a report on Thursday, August 6th. Eleven equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, Bloomin’ Brands presently has a consensus rating of “Hold” and a consensus price target of $10.90.

Bloomin’ Brands Stock Performance

Bloomin’ Brands stock opened at $9.20 on Friday. The firm’s 50-day moving average is $9.32 and its 200-day moving average is $8.49. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.18 and a current ratio of 0.25. Bloomin’ Brands has a 1 year low of $5.19 and a 1 year high of $12.63. The company has a market cap of $787.70 million, a P/E ratio of 29.68, a PEG ratio of 2.41 and a beta of 1.26.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings data on Wednesday, August 5th. The restaurant operator reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.10. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1 billion. Bloomin’ Brands had a net margin of 0.70% and a return on equity of 28.95%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.32 EPS. Bloomin’ Brands has set its FY 2026 guidance at 0.900-1.000 EPS and its Q3 2026 guidance at -0.270–0.220 EPS. On average, equities analysts expect that Bloomin’ Brands will post 0.96 earnings per share for the current year.

Institutional Investors Weigh In On Bloomin’ Brands

A number of hedge funds have recently made changes to their positions in BLMN. Nisa Investment Advisors LLC increased its position in Bloomin’ Brands by 148.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 5,265 shares of the restaurant operator’s stock valued at $41,000 after acquiring an additional 3,144 shares during the period. State of Alaska Department of Revenue bought a new stake in Bloomin’ Brands during the 3rd quarter valued at $37,000. Integrated Wealth Concepts LLC bought a new stake in Bloomin’ Brands during the 2nd quarter valued at $156,000. IFP Advisors Inc boosted its position in Bloomin’ Brands by 357.4% during the 2nd quarter. IFP Advisors Inc now owns 5,022 shares of the restaurant operator’s stock worth $46,000 after acquiring an additional 3,924 shares during the period. Finally, Allworth Financial LP boosted its position in Bloomin’ Brands by 146.3% during the 2nd quarter. Allworth Financial LP now owns 6,069 shares of the restaurant operator’s stock worth $55,000 after acquiring an additional 3,605 shares during the period.

Bloomin’ Brands Company Profile

Bloomin’ Brands, Inc is a restaurant company that owns, operates and franchises a portfolio of casual dining and upscale restaurant concepts. Its principal brands include Outback Steakhouse, known for steaks and other Australian-inspired dishes; Carrabba’s Italian Grill, which serves Italian-American cuisine; Bonefish Grill, focused on seafood and contemporary dishes; and Fleming’s Prime Steakhouse & Wine Bar.

The company’s restaurants offer a range of dine-in, takeout, delivery and catering services, with menus generally centered on full-service meals, specialty beverages and hospitality-oriented dining experiences.