Bloomin’ Brands (NASDAQ:BLMN) Stock Breaks Above 50 Day Moving Average – Should You Sell?

Bloomin’ Brands, Inc. (NASDAQ:BLMN)’s stock price crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $9.26 and traded as high as $10.22. Bloomin’ Brands shares last traded at $9.99, with a volume of 4,480,717 shares traded.

Wall Street Analysts Forecast Growth

BLMN has been the topic of several recent research reports. Weiss Ratings raised Bloomin’ Brands from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 14th. BMO Capital Markets reissued a “market perform” rating and issued a $12.00 price target on shares of Bloomin’ Brands in a research note on Thursday, August 6th. JPMorgan Chase & Co. upgraded Bloomin’ Brands from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $6.00 to $13.00 in a research report on Tuesday, September 29th. Piper Sandler lifted their price objective on Bloomin’ Brands from $9.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Finally, Veritas Investment Research set a $13.00 price objective on Bloomin’ Brands in a research note on Tuesday, September 29th. Eleven analysts have rated the stock with a Hold rating. According to MarketBeat, Bloomin’ Brands has a consensus rating of “Hold” and a consensus target price of $10.90.

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 stock has a fifty day simple moving average of $9.26 and a two-hundred day simple moving average of $7.86. The stock has a market capitalization of $855.35 million, a price-to-earnings ratio of 32.23, a P/E/G ratio of 2.41 and a beta of 1.26.

Bloomin’ Brands (NASDAQ:BLMN) last posted 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 firm had revenue of $1.02 billion during 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 quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the company posted $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. Analysts forecast that Bloomin’ Brands, Inc. will post 0.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bloomin’ Brands

A number of hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue acquired a new position in Bloomin’ Brands in the third quarter valued at approximately $37,000. IFP Advisors Inc boosted its holdings 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. Nisa Investment Advisors LLC boosted its holdings in shares of Bloomin’ Brands by 148.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 5,265 shares of the restaurant operator’s stock worth $41,000 after buying an additional 3,144 shares in the last quarter. Allworth Financial LP acquired a new stake in shares of Bloomin’ Brands during the 2nd quarter worth approximately $55,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Bloomin’ Brands during the 2nd quarter worth approximately $58,000.

About Bloomin’ Brands

Bloomin’ Brands, Inc is a restaurant company that owns, operates and franchises a portfolio of casual dining and upscale restaurant concepts. Its principal brands include Outback Steakhouse, known for steaks and other Australian-inspired dishes; Carrabba’s Italian Grill, which serves Italian-American cuisine; Bonefish Grill, focused on seafood and contemporary dishes; and Fleming’s Prime Steakhouse & Wine Bar.

The company’s restaurants offer a range of dine-in, takeout, delivery and catering services, with menus generally centered on full-service meals, specialty beverages and hospitality-oriented dining experiences.