Bloomin’ Brands, Inc. (NASDAQ:BLMN) Stock Rated “Reduce” by Wall Street Analysts

Bloomin’ Brands, Inc. (NASDAQ:BLMN) has been assigned an average recommendation of “Reduce” from the eleven brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and ten have given a hold rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $11.10.

A number of research firms have commented on BLMN. Citigroup cut their target price on shares of Bloomin’ Brands from $12.75 to $12.25 and set a “neutral” rating for the company in a research report on Friday, October 23rd. Weiss Ratings downgraded Bloomin’ Brands from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, November 9th. Zacks Research lowered Bloomin’ Brands from a “strong-buy” rating to a “hold” rating in a report on Friday, October 16th. Wall Street Zen cut Bloomin’ Brands from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Veritas Investment Research set a $13.00 price objective on Bloomin’ Brands in a research report on Tuesday, September 29th.

Bloomin’ Brands Stock Up 2.5%

Shares of BLMN traded up $0.25 on Friday, hitting $10.37. 1,778,624 shares of the stock traded hands, compared to its average volume of 2,715,412. The company has a market capitalization of $889.23 million, a PE ratio of 12.65, a P/E/G ratio of 2.97 and a beta of 1.30. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.18 and a current ratio of 0.29. The business has a 50 day simple moving average of $9.21 and a 200 day simple moving average of $8.04. Bloomin’ Brands has a one year low of $5.19 and a one year high of $12.63.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings data on Friday, November 6th. The restaurant operator reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.07. Bloomin’ Brands had a return on equity of 24.54% and a net margin of 1.79%. The business had revenue of $944.35 million for the quarter, compared to analysts’ expectations of $925.23 million. During the same period in the prior year, the firm posted ($0.03) EPS. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. Bloomin’ Brands has set its FY 2026 guidance at 0.970-1.020 EPS and its Q4 2026 guidance at 0.070-0.120 EPS. As a group, equities analysts forecast that Bloomin’ Brands will post 1.00 earnings per share for the current fiscal year.

Insider Activity at Bloomin’ Brands

In related news, EVP Kelly Lefferts sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $10.16, for a total value of $508,000.00. Following the transaction, the executive vice president owned 80,865 shares of the company’s stock, valued at approximately $821,588.40. This trade represents a 38.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Patrick M. Hafner sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $10.13, for a total transaction of $202,600.00. Following the sale, the executive vice president owned 17,301 shares of the company’s stock, valued at $175,259.13. This trade represents a 53.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.18% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bloomin’ Brands

A number of hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue bought a new position in Bloomin’ Brands in the 3rd quarter worth $37,000. Nisa Investment Advisors LLC grew its holdings in Bloomin’ Brands by 148.2% during the third quarter. Nisa Investment Advisors LLC now owns 5,265 shares of the restaurant operator’s stock valued at $41,000 after purchasing an additional 3,144 shares during the period. IFP Advisors Inc lifted its position in shares of Bloomin’ Brands by 357.4% during the 2nd quarter. IFP Advisors Inc now owns 5,022 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 3,924 shares in the last quarter. Allworth Financial LP purchased a new position in shares of Bloomin’ Brands during the 2nd quarter valued at about $55,000. Finally, Chicago Partners Investment Group LLC bought a new position in shares of Bloomin’ Brands during the 1st quarter valued at approximately $56,000.

Bloomin’ Brands Company Profile

Bloomin’ Brands, Inc. is a restaurant company that owns, operates and franchises casual and upscale dining concepts. Its brands include Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse & Wine Bar. The company’s restaurants serve a range of offerings, including steaks and other grilled dishes, Italian cuisine, seafood and fine-dining meals. Bloomin’ Brands was founded in 1988 and is headquartered in Tampa, Florida. Bloomin’ Brands serves customers primarily in the United States, as well as in international markets through company-operated restaurants and franchise arrangements.