Bloomin’ Brands (NASDAQ:BLMN) Shares Climb 5.3% – What’s Next?

Bloomin’ Brands, Inc. (NASDAQ:BLMN)’s share price rose 5.3% during trading on Tuesday. The stock traded as high as $9.19 and last traded at $9.2350. 1,307,156 shares were traded during mid-day trading, a decline of 47% from the average session volume of 2,483,918 shares. The stock had previously closed at $8.77.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Bloomin’ Brands from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $6.00 to $13.00 in a research report on Tuesday, September 29th. Weiss Ratings raised shares of Bloomin’ Brands from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. BMO Capital Markets reiterated a “market perform” rating and issued a $12.00 price objective on shares of Bloomin’ Brands in a report on Thursday, August 6th. Morgan Stanley boosted their price target on shares of Bloomin’ Brands from $8.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Finally, Veritas Investment Research set a $13.00 target price on Bloomin’ Brands in a report on Tuesday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $10.60.

Bloomin’ Brands Stock Performance

The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.18 and a current ratio of 0.25. The company has a market capitalization of $853.20 million, a price-to-earnings ratio of 32.15, a P/E/G ratio of 2.41 and a beta of 1.26. The firm has a 50-day simple moving average of $9.46 and a two-hundred day simple moving average of $8.26.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings results 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. Bloomin’ Brands had a return on equity of 28.95% and a net margin of 0.70%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the business earned $0.32 EPS. Bloomin’ Brands’s revenue was up 1.3% on a year-over-year basis. 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. On average, sell-side analysts anticipate that Bloomin’ Brands, Inc. will post 0.96 EPS for the current fiscal year.

Institutional Trading of Bloomin’ Brands

A number of large investors have recently bought and sold shares of the business. State of Alaska Department of Revenue acquired a new stake in Bloomin’ Brands in the 3rd quarter valued at approximately $37,000. IFP Advisors Inc boosted its position in 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 acquiring an additional 3,924 shares during the period. Allworth Financial LP bought a new position in shares of Bloomin’ Brands in the second quarter worth $55,000. Quantbot Technologies LP bought a new position in shares of Bloomin’ Brands in the second quarter worth $58,000. Finally, Hsbc Holdings PLC bought a new position in shares of Bloomin’ Brands in the second quarter worth $94,000.

About Bloomin’ Brands

Bloomin’ Brands, Inc is a restaurant company that owns and operates a portfolio of casual dining and upscale casual dining brands. Its best-known concept is Outback Steakhouse, which specializes in steaks, seafood, chicken, burgers and other American-style dishes with an Australian-inspired theme.

The company’s other restaurant brands include Carrabba’s Italian Grill, which serves Italian-American cuisine; Bonefish Grill, focused on seafood and wood-grilled specialties; and Fleming’s Prime Steakhouse & Wine Bar, an upscale steakhouse concept.