Bloomin’ Brands, Inc. (NASDAQ:BLMN) Receives $9.75 Consensus Target Price from Analysts

Bloomin’ Brands, Inc. (NASDAQ:BLMN) has been assigned an average rating of “Hold” from the eleven research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $9.75.

Several equities analysts have commented on the company. Barclays upped their price objective on Bloomin’ Brands from $7.00 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Piper Sandler upped their price target on shares of Bloomin’ Brands from $9.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. The Goldman Sachs Group raised their price target on shares of Bloomin’ Brands from $6.00 to $8.50 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Citigroup lowered their price objective on shares of Bloomin’ Brands from $9.50 to $8.75 and set a “neutral” rating for the company in a research report on Friday, July 24th. Finally, Wall Street Zen upgraded shares of Bloomin’ Brands from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th.

Bloomin’ Brands Stock Performance

NASDAQ:BLMN opened at $10.30 on Tuesday. Bloomin’ Brands has a fifty-two week low of $5.19 and a fifty-two week high of $12.63. 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 stock’s fifty day moving average is $9.44 and its 200 day moving average is $7.67. The firm has a market capitalization of $881.89 million, a PE ratio of 33.23, a PEG ratio of 2.73 and a beta of 1.22.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings data on Wednesday, August 5th. The restaurant operator reported $0.39 earnings per share (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 net margin of 0.70% and a return on equity of 28.95%. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.32 earnings per share. 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 anticipate that Bloomin’ Brands will post 0.98 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BLMN. Royal Bank of Canada grew its position in shares of Bloomin’ Brands by 50.4% during the 1st quarter. Royal Bank of Canada now owns 333,693 shares of the restaurant operator’s stock worth $2,393,000 after buying an additional 111,801 shares in the last quarter. AQR Capital Management LLC lifted its stake in Bloomin’ Brands by 156.1% in the first quarter. AQR Capital Management LLC now owns 591,373 shares of the restaurant operator’s stock worth $4,240,000 after acquiring an additional 360,450 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Bloomin’ Brands by 6.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,395 shares of the restaurant operator’s stock worth $333,000 after acquiring an additional 2,622 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Bloomin’ Brands by 123.1% during the first quarter. Millennium Management LLC now owns 2,299,778 shares of the restaurant operator’s stock valued at $16,489,000 after purchasing an additional 1,268,988 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Bloomin’ Brands by 4.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,048,497 shares of the restaurant operator’s stock valued at $7,518,000 after buying an additional 43,329 shares during the period.

About Bloomin’ Brands

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.