Bloomin’ Brands (NASDAQ:BLMN) Issues Quarterly Earnings Results

Bloomin’ Brands (NASDAQ:BLMN) issued its quarterly earnings results on Thursday. The restaurant operator reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.09, Zacks reports. The company had revenue of $928.81 million during the quarter, compared to analyst estimates of $905.59 million. Bloomin’ Brands had a positive return on equity of 44.03% and a negative net margin of 0.12%.The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.21 earnings per share. Bloomin’ Brands updated its FY 2025 guidance to 1.100-1.150 EPS and its Q4 2025 guidance to 0.230-0.280 EPS.

Bloomin’ Brands Price Performance

BLMN traded up $0.28 during midday trading on Friday, reaching $6.68. 3,408,861 shares of the company’s stock were exchanged, compared to its average volume of 2,533,500. The company has a quick ratio of 0.35, a current ratio of 0.43 and a debt-to-equity ratio of 2.29. The business has a 50-day simple moving average of $7.19 and a two-hundred day simple moving average of $7.98. The firm has a market capitalization of $568.25 million, a price-to-earnings ratio of -133.60 and a beta of 1.26. Bloomin’ Brands has a one year low of $6.09 and a one year high of $16.18.

Hedge Funds Weigh In On Bloomin’ Brands

Several hedge funds and other institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Bloomin’ Brands by 6.0% during the first 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. The Manufacturers Life Insurance Company lifted its holdings in Bloomin’ Brands by 10.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,343 shares of the restaurant operator’s stock valued at $261,000 after purchasing an additional 2,755 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Bloomin’ Brands by 83,825.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,357 shares of the restaurant operator’s stock worth $29,000 after buying an additional 3,353 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of Bloomin’ Brands by 178.1% during the second quarter. Lazard Asset Management LLC now owns 10,378 shares of the restaurant operator’s stock worth $88,000 after acquiring an additional 6,646 shares during the period. Finally, Quantinno Capital Management LP boosted its stake in Bloomin’ Brands by 23.6% in the 2nd quarter. Quantinno Capital Management LP now owns 41,073 shares of the restaurant operator’s stock valued at $354,000 after purchasing an additional 7,833 shares during the period.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Morgan Stanley upped their target price on shares of Bloomin’ Brands from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Monday, July 14th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Bloomin’ Brands in a research report on Wednesday, October 8th. Zacks Research cut shares of Bloomin’ Brands from a “hold” rating to a “strong sell” rating in a research note on Monday, September 29th. BMO Capital Markets lowered their price target on Bloomin’ Brands from $10.00 to $8.00 and set a “market perform” rating on the stock in a research note on Thursday, August 7th. Finally, Barclays cut their price target on Bloomin’ Brands from $9.00 to $7.00 and set an “equal weight” rating for the company in a report on Wednesday, August 6th. Eight equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $9.94.

Bloomin’ Brands Company Profile

Bloomin’ Brands, Inc engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.