Bloomin’ Brands (NASDAQ:BLMN) Trading Down 3.7% – What’s Next?

Bloomin’ Brands, Inc. (NASDAQ:BLMN)’s stock price dropped 3.7% on Tuesday . The company traded as low as $11.02 and last traded at $11.0150. 386,822 shares were traded during trading, a decline of 85% from the average daily volume of 2,510,128 shares. The stock had previously closed at $11.44.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BLMN shares. Sanford C. Bernstein set a $9.00 price target on Bloomin’ Brands in a report on Thursday, May 7th. The Goldman Sachs Group increased their price target on Bloomin’ Brands from $6.00 to $8.50 and gave the stock a “neutral” rating in a report on Thursday, May 7th. UBS Group increased their price objective on shares of Bloomin’ Brands from $6.00 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Morgan Stanley raised their target price on Bloomin’ Brands from $8.00 to $12.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings lowered Bloomin’ Brands from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Bloomin’ Brands has a consensus rating of “Hold” and an average price target of $9.75.

Bloomin’ Brands Trading Down 5.4%

The business has a fifty day moving average of $9.16 and a 200-day moving average of $7.54. 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 $926.85 million, a P/E ratio of 34.95, a PEG ratio of 3.00 and a beta of 1.22.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings results on Wednesday, August 5th. The restaurant operator reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.10. Bloomin’ Brands had a net margin of 0.70% and a return on equity of 28.95%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the business posted $0.32 EPS. Bloomin’ Brands’s quarterly revenue was up 1.3% on a year-over-year basis. 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. Analysts anticipate that Bloomin’ Brands, Inc. will post 0.98 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bloomin’ Brands

Institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its position in Bloomin’ Brands by 44.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,431 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 1,662 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Bloomin’ Brands by 2.2% in the third quarter. Alliancebernstein L.P. now owns 97,268 shares of the restaurant operator’s stock worth $697,000 after purchasing an additional 2,103 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Bloomin’ Brands by 4.2% in the fourth quarter. Deutsche Bank AG now owns 61,986 shares of the restaurant operator’s stock worth $382,000 after purchasing an additional 2,513 shares during the last quarter. Fox Run Management L.L.C. raised its stake in shares of Bloomin’ Brands by 8.6% in the fourth quarter. Fox Run Management L.L.C. now owns 32,265 shares of the restaurant operator’s stock worth $199,000 after purchasing an additional 2,568 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Bloomin’ Brands by 6.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,395 shares of the restaurant operator’s stock valued at $333,000 after purchasing an additional 2,622 shares in the last quarter.

Bloomin’ Brands Company Profile

Bloomin’ Brands, Inc engages in the ownership, operation and franchising of casual dining restaurants worldwide. The company’s portfolio includes five full-service restaurant chains: Outback Steakhouse, known for its Australian-inspired steakhouse concept; Carrabba’s Italian Grill, offering Italian-American cuisine; Bonefish Grill, specializing in handcrafted seafood dishes; Fleming’s Prime Steakhouse & Wine Bar, focusing on premium steak and wine experiences; and Aussie Grill by Outback, featuring a streamlined menu of signature items.