Brokerages Set Bloomin’ Brands, Inc. (NASDAQ:BLMN) Price Target at $9.75

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) have been given a consensus rating of “Hold” by the eleven analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $9.75.

Several brokerages have recently issued reports on BLMN. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $11.00 price target on shares of Bloomin’ Brands in a report on Thursday, August 6th. Morgan Stanley raised 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 note on Thursday, August 6th. Weiss Ratings cut Bloomin’ Brands from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, August 19th. Zacks Research upgraded Bloomin’ Brands from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Finally, Piper Sandler increased their price target on Bloomin’ Brands from $9.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in Bloomin’ Brands during the 2nd quarter valued at $62,563,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Bloomin’ Brands by 79.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,908,998 shares of the restaurant operator’s stock valued at $21,109,000 after buying an additional 1,736,001 shares in the last quarter. Miller Value Partners LLC bought a new position in shares of Bloomin’ Brands in the second quarter valued at $23,635,000. Dimensional Fund Advisors LP raised its position in shares of Bloomin’ Brands by 84.9% during the first 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 during the period. Finally, Commonwealth Equity Services LLC raised its position in shares of Bloomin’ Brands by 56.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,066,763 shares of the restaurant operator’s stock worth $6,582,000 after purchasing an additional 384,420 shares during the period.

Bloomin’ Brands Stock Performance

Shares of BLMN opened at $8.55 on Friday. The stock has a market capitalization of $732.05 million, a PE ratio of 27.58, a price-to-earnings-growth ratio of 2.20 and a beta of 1.23. The business’s fifty day moving average price is $9.58 and its 200 day moving average price is $7.98. 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 has a 12-month low of $5.19 and a 12-month high of $12.63.

Bloomin’ Brands (NASDAQ:BLMN) last released its earnings results on Wednesday, August 5th. The restaurant operator reported $0.39 earnings per share 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 firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. 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. Equities research analysts forecast that Bloomin’ Brands will post 0.98 EPS for the current year.

About Bloomin’ Brands

Bloomin’ Brands, Inc is a restaurant company that owns, operates and franchises a portfolio of casual dining and upscale-casual restaurant concepts. Its brands include Outback Steakhouse, known for steaks and other Australian-inspired menu offerings; Carrabba’s Italian Grill, which specializes in Italian-American cuisine; Bonefish Grill, focused on seafood and grilled dishes; and Fleming’s Prime Steakhouse & Wine Bar, which offers prime steaks, seafood and wine. The company also operates additional concepts, including Aussie Grill and Tender Shack.

Bloomin’ Brands serves customers primarily in the United States, with restaurants and franchise operations in select international markets.