Bloomin’ Brands (NASDAQ:BLMN) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Bloomin’ Brands (NASDAQ:BLMN) from an underweight rating to a neutral rating in a research note released on Tuesday morning, MarketBeat.com reports. They currently have $13.00 price objective on the restaurant operator’s stock, up from their previous price objective of $6.00.

Several other equities analysts have also recently commented on the stock. Veritas Investment Research set a $13.00 price target on shares of Bloomin’ Brands in a research report on Tuesday. Weiss Ratings lowered Bloomin’ Brands from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, August 19th. Morgan Stanley upped their price objective on Bloomin’ Brands from $8.00 to $12.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. Piper Sandler increased their target price on Bloomin’ Brands from $9.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Finally, Citigroup decreased their target price on Bloomin’ Brands from $9.50 to $8.75 and set a “neutral” rating for the company in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $10.60.

Bloomin’ Brands Trading Up 8.1%

NASDAQ BLMN opened at $8.38 on Tuesday. Bloomin’ Brands has a 12 month low of $5.19 and a 12 month high of $12.63. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.25 and a quick ratio of 0.18. The company has a market capitalization of $717.50 million, a price-to-earnings ratio of 27.03, a price-to-earnings-growth ratio of 2.03 and a beta of 1.27. The company’s fifty day moving average price is $9.53 and its two-hundred day moving average price is $8.08.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings data on Wednesday, August 5th. The restaurant operator reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.10. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1 billion. Bloomin’ Brands had a net margin of 0.70% and a return on equity of 28.95%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the business earned $0.32 EPS. 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, research analysts predict that Bloomin’ Brands will post 0.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. HighTower Advisors LLC grew its position 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 buying an additional 1,808 shares in the last quarter. Allworth Financial LP increased its stake in Bloomin’ Brands by 146.3% during the 2nd quarter. Allworth Financial LP now owns 6,069 shares of the restaurant operator’s stock valued at $55,000 after buying an additional 3,605 shares during the period. IFP Advisors Inc raised its position in shares of Bloomin’ Brands by 357.4% during the 2nd quarter. IFP Advisors Inc now owns 5,022 shares of the restaurant operator’s stock worth $46,000 after buying an additional 3,924 shares in the last quarter. Hilton Head Capital Partners LLC bought a new stake in shares of Bloomin’ Brands during the 4th quarter worth about $31,000. Finally, SG Americas Securities LLC lifted its stake in shares of Bloomin’ Brands by 6.4% in the 1st quarter. SG Americas Securities LLC now owns 85,062 shares of the restaurant operator’s stock worth $459,000 after acquiring an additional 5,148 shares during the period.

Bloomin’ Brands Company Profile

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.