Bloomin’ Brands (NASDAQ:BLMN) Stock Rating Upgraded by Wall Street Zen

Bloomin’ Brands (NASDAQ:BLMN) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

BLMN has been the subject of several other reports. BMO Capital Markets reaffirmed a “market perform” rating and issued a $12.00 target price on shares of Bloomin’ Brands in a research note on Thursday. Barclays increased their price target on Bloomin’ Brands from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $11.00 price objective on shares of Bloomin’ Brands in a report on Thursday. Citigroup dropped their target price on Bloomin’ Brands from $9.50 to $8.75 and set a “neutral” rating for the company in a research note on Friday, July 24th. Finally, The Goldman Sachs Group upped their target price on Bloomin’ Brands from $6.00 to $8.50 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Nine investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $9.53.

Bloomin’ Brands Price Performance

Shares of NASDAQ:BLMN opened at $10.95 on Friday. The company has a quick ratio of 0.18, a current ratio of 0.25 and a debt-to-equity ratio of 1.62. Bloomin’ Brands has a 52-week low of $5.19 and a 52-week high of $12.63. The stock’s fifty day simple moving average is $8.43 and its 200-day simple moving average is $7.21. The company has a market capitalization of $937.43 million, a P/E ratio of 35.32, a P/E/G ratio of 2.89 and a beta of 1.22.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings data on Wednesday, August 5th. The restaurant operator reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.10. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1 billion. Bloomin’ Brands had a return on equity of 28.95% and a net margin of 0.70%.The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the company 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. As a group, equities research analysts forecast that Bloomin’ Brands will post 0.95 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Bloomin’ Brands in the 2nd quarter worth about $62,563,000. Arrowstreet Capital Limited Partnership grew its holdings 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 period. Millennium Management LLC grew its holdings in shares of Bloomin’ Brands by 123.1% during the 1st quarter. Millennium Management LLC now owns 2,299,778 shares of the restaurant operator’s stock worth $16,489,000 after purchasing an additional 1,268,988 shares during the period. Federated Hermes Inc. increased its position in Bloomin’ Brands by 115.9% during the 4th quarter. Federated Hermes Inc. now owns 2,064,940 shares of the restaurant operator’s stock worth $12,741,000 after purchasing an additional 1,108,500 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Bloomin’ Brands by 84.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,208,122 shares of the restaurant operator’s stock worth $11,924,000 after purchasing an additional 1,013,953 shares in the last quarter.

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.