Bloomin’ Brands (NASDAQ:BLMN) Shares Climb 5.3% – What’s Next?

Bloomin’ Brands, Inc. (NASDAQ:BLMN) shares traded up 5.3% during mid-day trading on Monday. The stock traded as high as $9.54 and last traded at $9.6850. 106,173 shares traded hands during trading, a decline of 96% from the average daily volume of 2,491,985 shares. The stock had previously closed at $9.20.

Analyst Upgrades and Downgrades

BLMN has been the subject of several research reports. JPMorgan Chase & Co. raised Bloomin’ Brands from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $6.00 to $13.00 in a research report on Tuesday, September 29th. Morgan Stanley boosted their price target on shares of Bloomin’ Brands from $8.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 6th. Weiss Ratings raised shares of Bloomin’ Brands from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 14th. BMO Capital Markets reissued a “market perform” rating and issued a $12.00 price objective on shares of Bloomin’ Brands in a research note on Thursday, August 6th. Finally, Piper Sandler lifted their price objective on shares of Bloomin’ Brands from $9.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Eleven research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, Bloomin’ Brands currently has an average rating of “Hold” and a consensus price target of $10.90.

Bloomin’ Brands Stock Down 0.8%

The business has a 50-day moving average price of $9.32 and a two-hundred day moving average price of $8.49. The company has a quick ratio of 0.18, a current ratio of 0.25 and a debt-to-equity ratio of 1.62. The firm has a market cap of $781.28 million, a PE ratio of 29.50, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26.

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, beating the consensus estimate of $0.29 by $0.10. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1 billion. Bloomin’ Brands had a return on equity of 28.95% and a net margin of 0.70%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period 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, equities research analysts expect that Bloomin’ Brands, Inc. will post 0.96 EPS for the current year.

Institutional Investors Weigh In On Bloomin’ Brands

A number of hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC raised its holdings in Bloomin’ Brands by 7.8% in the 2nd quarter. HighTower Advisors LLC now owns 24,844 shares of the restaurant operator’s stock valued at $227,000 after acquiring an additional 1,808 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Bloomin’ Brands by 148.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 5,265 shares of the restaurant operator’s stock worth $41,000 after purchasing an additional 3,144 shares during the period. Allworth Financial LP boosted its holdings in shares of Bloomin’ Brands by 146.3% during the second quarter. Allworth Financial LP now owns 6,069 shares of the restaurant operator’s stock worth $55,000 after purchasing an additional 3,605 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Bloomin’ Brands by 357.4% during the second quarter. IFP Advisors Inc now owns 5,022 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 3,924 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Bloomin’ Brands during the third quarter worth $37,000.

About Bloomin’ Brands

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.