Bloomin’ Brands (NASDAQ:BLMN) Stock Price Breaks Above 50 Day Moving Average – Time to Sell?

Bloomin’ Brands, Inc. (NASDAQ:BLMN)’s share price passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $9.26 and traded as high as $10.22. Bloomin’ Brands shares last traded at $9.99, with a volume of 4,480,717 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Morgan Stanley upped their price objective on shares of Bloomin’ Brands from $8.00 to $12.00 and gave the company an “equal weight” rating in a report on Thursday, August 6th. Piper Sandler lifted their target price on shares of Bloomin’ Brands from $9.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. JPMorgan Chase & Co. raised shares of Bloomin’ Brands from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $6.00 to $13.00 in a research report on Tuesday, September 29th. Wall Street Zen upgraded shares of Bloomin’ Brands from a “hold” rating to a “buy” rating in a research note on Saturday, October 24th. Finally, Zacks Research cut shares of Bloomin’ Brands from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 16th. Eleven analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $10.90.

Bloomin’ Brands Stock Performance

The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.18 and a current ratio of 0.25. The company has a market capitalization of $905.00 million, a P/E ratio of 8.29, a price-to-earnings-growth ratio of 2.80 and a beta of 1.26. The business has a 50 day moving average of $9.27 and a 200-day moving average of $7.90.

Bloomin’ Brands (NASDAQ:BLMN) last issued its earnings results on Wednesday, August 5th. The restaurant operator reported $0.39 EPS for the quarter, topping the consensus estimate 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 return on equity of 28.95% and a net margin of 0.70%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the company 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, sell-side analysts predict that Bloomin’ Brands, Inc. will post 0.96 EPS for the current fiscal year.

Institutional Trading of Bloomin’ Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of BLMN. BlackRock Inc. purchased a new position in shares of Bloomin’ Brands during the second quarter worth about $62,563,000. Arrowstreet Capital Limited Partnership increased its position in shares of Bloomin’ Brands by 79.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,908,998 shares of the restaurant operator’s stock worth $21,109,000 after purchasing an additional 1,736,001 shares during the last quarter. Miller Value Partners LLC bought a new position in shares of Bloomin’ Brands in the second quarter worth approximately $23,635,000. Dimensional Fund Advisors LP raised its stake in Bloomin’ Brands by 84.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,208,122 shares of the restaurant operator’s stock valued at $11,924,000 after purchasing an additional 1,013,953 shares in the last quarter. Finally, Empowered Funds LLC raised its stake in Bloomin’ Brands by 150.1% in the first quarter. Empowered Funds LLC now owns 690,137 shares of the restaurant operator’s stock valued at $3,727,000 after purchasing an additional 414,146 shares in the last quarter.

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.