Bloomin’ Brands (NASDAQ:BLMN) Rating Increased to Neutral at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Bloomin’ Brands (NASDAQ:BLMN) from a sell rating to a neutral rating in a research report sent to investors on Friday, Marketbeat Ratings reports. They currently have $7.00 price target on the restaurant operator’s stock.

BLMN has been the subject of a number of other research reports. Barclays reduced their price objective on Bloomin’ Brands from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 6th. Zacks Research downgraded shares of Bloomin’ Brands from a “hold” rating to a “strong sell” rating in a research report on Monday, September 29th. Weiss Ratings restated a “sell (d+)” rating on shares of Bloomin’ Brands in a research note on Wednesday, October 8th. Morgan Stanley upped their price objective on shares of Bloomin’ Brands from $9.00 to $10.00 and gave the stock an “equal weight” rating in a report on Monday, July 14th. Finally, BMO Capital Markets reduced their price objective on shares of Bloomin’ Brands from $10.00 to $8.00 and set a “market perform” rating for the company in a report on Thursday, August 7th. Eight equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $9.94.

Bloomin’ Brands Stock Up 4.4%

BLMN traded up $0.28 during midday trading on Friday, hitting $6.68. The company had a trading volume of 3,408,861 shares, compared to its average volume of 2,533,500. The stock’s 50 day moving average price is $7.19 and its 200 day moving average price is $7.98. Bloomin’ Brands has a 52 week low of $6.09 and a 52 week high of $16.18. The company has a market capitalization of $568.25 million, a price-to-earnings ratio of -133.60 and a beta of 1.26. The company has a quick ratio of 0.35, a current ratio of 0.43 and a debt-to-equity ratio of 2.29.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings data on Thursday, November 6th. The restaurant operator reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.09. The company had revenue of $928.81 million for the quarter, compared to analysts’ expectations of $905.59 million. Bloomin’ Brands had a negative net margin of 0.12% and a positive return on equity of 44.03%. The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.21 EPS. Bloomin’ Brands has set its FY 2025 guidance at 1.100-1.150 EPS. Q4 2025 guidance at 0.230-0.280 EPS. On average, research analysts anticipate that Bloomin’ Brands will post 1.8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BLMN. Northwestern Mutual Wealth Management Co. increased its stake in Bloomin’ Brands by 83,825.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,357 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 3,353 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Bloomin’ Brands by 32.9% in the second quarter. Public Employees Retirement System of Ohio now owns 4,704 shares of the restaurant operator’s stock valued at $41,000 after acquiring an additional 1,164 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Bloomin’ Brands by 72.9% during the second quarter. Steward Partners Investment Advisory LLC now owns 4,743 shares of the restaurant operator’s stock valued at $41,000 after acquiring an additional 2,000 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Bloomin’ Brands by 28.9% during the first quarter. GAMMA Investing LLC now owns 6,304 shares of the restaurant operator’s stock worth $45,000 after acquiring an additional 1,414 shares during the period. Finally, US Bancorp DE lifted its holdings in Bloomin’ Brands by 505.7% during the first quarter. US Bancorp DE now owns 6,239 shares of the restaurant operator’s stock worth $45,000 after acquiring an additional 5,209 shares during the period.

About Bloomin’ Brands

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.