Bloomin' Brands (NASDAQ:BLMN) Cut to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Bloomin’ Brands from “buy” to “hold,” while the broader analyst consensus is also “hold,” with a $10.60 average price target.
• Shares opened at $8.60 and were recently up 1.4%; the stock has traded between $5.19 and $12.63 over the past year.
• Bloomin’ Brands beat quarterly earnings expectations, reporting $0.39 EPS versus the $0.29 consensus and $1.02 billion in revenue, up 1.3% year over year.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday, Wall Street Zen reports.

A number of other brokerages have also recently weighed in on BLMN. Weiss Ratings cut Bloomin' Brands from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, August 19th. Morgan Stanley lifted their target price 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. Citigroup lowered their price objective on shares of Bloomin' Brands from $9.50 to $8.75 and set a "neutral" rating on the stock in a research report on Friday, July 24th. JPMorgan Chase & Co. raised 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 note on Tuesday, September 29th. Finally, Veritas Investment Research set a $13.00 target price on Bloomin' Brands in a report on Tuesday, September 29th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $10.60.

Bloomin' Brands Stock Up 1.4%

BLMN opened at $8.60 on Friday. 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 $736.33 million, a PE ratio of 27.74, a P/E/G ratio of 2.22 and a beta of 1.26. The stock's fifty day moving average is $9.51 and its 200-day moving average is $8.17. Bloomin' Brands has a one year low of $5.19 and a one year high of $12.63.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last announced 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. The business had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1 billion. Bloomin' Brands had a return on equity of 28.95% and a net margin of 0.70%. The company's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business posted $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. On average, equities analysts predict that Bloomin' Brands will post 0.96 EPS for the current fiscal year.

Hedge Funds Weigh In On Bloomin' Brands

Several institutional investors and hedge funds have recently modified their holdings of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Bloomin' Brands in the second quarter worth approximately $1,105,000. Ieq Capital LLC bought a new position in Bloomin' Brands during the second quarter valued at about $2,474,000. Bank of New York Mellon Corp acquired a new stake in shares of Bloomin' Brands in the second quarter worth about $2,652,000. Prosperitas Financial LLC acquired a new stake in shares of Bloomin' Brands in the second quarter worth about $6,289,000. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of Bloomin' Brands during the 2nd quarter worth about $1,198,000.

Bloomin' Brands Company Profile

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.

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