Bloomin’ Brands (NASDAQ:BLMN) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Bloomin’ Brands, Inc. (NASDAQ:BLMN) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $8.17 and traded as high as $8.77. Bloomin’ Brands shares last traded at $8.60, with a volume of 2,692,711 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on BLMN shares. Zacks Research raised shares of Bloomin’ Brands from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $11.00 target price on shares of Bloomin’ Brands in a research report on Thursday, August 6th. Veritas Investment Research set a $13.00 price objective on Bloomin’ Brands in a report on Tuesday, September 29th. Weiss Ratings cut shares of Bloomin’ Brands from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 19th. Finally, Morgan Stanley lifted their price target on shares of Bloomin’ Brands from $8.00 to $12.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $10.60.

Bloomin’ Brands Stock Up 1.4%

The company has a market capitalization of $736.33 million, a price-to-earnings ratio of 27.74, a price-to-earnings-growth ratio of 2.25 and a beta of 1.26. The firm’s 50-day simple moving average is $9.51 and its two-hundred day simple moving average is $8.17. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.25 and a quick ratio of 0.18.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings results on Wednesday, August 5th. The restaurant operator reported $0.39 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the business earned $0.32 earnings per share. The company’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. Sell-side analysts predict that Bloomin’ Brands, Inc. will post 0.96 EPS for the current fiscal year.

Institutional Trading of Bloomin’ Brands

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new position in Bloomin’ Brands during the second quarter valued at about $62,563,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Bloomin’ Brands by 79.9% during the 1st 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 acquired a new stake in Bloomin’ Brands in the 2nd quarter worth $23,635,000. Dimensional Fund Advisors LP lifted its stake in shares of 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 buying an additional 1,013,953 shares during the period. Finally, Empowered Funds LLC increased its stake in Bloomin’ Brands by 150.1% during the first quarter. Empowered Funds LLC now owns 690,137 shares of the restaurant operator’s stock valued at $3,727,000 after acquiring an additional 414,146 shares during the period.

About Bloomin’ Brands

Bloomin’ Brands, Inc is a restaurant company that owns and operates a portfolio of casual dining and upscale casual dining brands. Its best-known concept is Outback Steakhouse, which specializes in steaks, seafood, chicken, burgers and other American-style dishes with an Australian-inspired theme.

The company’s other restaurant brands include Carrabba’s Italian Grill, which serves Italian-American cuisine; Bonefish Grill, focused on seafood and wood-grilled specialties; and Fleming’s Prime Steakhouse & Wine Bar, an upscale steakhouse concept.