Bloomin' Brands (NASDAQ:BLMN) Raised to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Bloomin' Brands to “Buy” from “Hold.” However, broader analyst sentiment remains “Hold,” with an average price target of $10.90.
• Bloomin' Brands opened at $9.20, with a market capitalization of approximately $787.7 million and a one-year trading range of $5.19 to $12.63.
• The company exceeded quarterly earnings expectations, reporting $0.39 in EPS versus the $0.29 consensus estimate and $1.02 billion in revenue, up 1.3% year over year.

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

Other research analysts have also issued reports about the stock. BMO Capital Markets restated a "market perform" rating and issued a $12.00 price objective on shares of Bloomin' Brands in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $11.00 price objective on shares of Bloomin' Brands in a research note on Thursday, August 6th. Piper Sandler upped their target price on Bloomin' Brands from $9.00 to $12.00 and gave the stock a "neutral" rating in a research report on Monday, August 10th. Morgan Stanley raised 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, Zacks Research downgraded shares of Bloomin' Brands from a "strong-buy" rating to a "hold" rating in a report on Friday, October 16th. Eleven analysts have rated the stock with a Hold rating. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $10.90.

Bloomin' Brands Stock Performance

NASDAQ BLMN opened at $9.20 on Friday. The company's 50 day simple moving average is $9.32 and its two-hundred day simple moving average is $8.47. The stock has a market capitalization of $787.70 million, a PE ratio of 7.96, a P/E/G ratio of 2.68 and a beta of 1.26. Bloomin' Brands has a 1 year low of $5.19 and a 1 year 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.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The restaurant operator reported $0.39 EPS for the quarter, topping the consensus estimate of $0.29 by $0.10. The business 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 company's revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior 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. Analysts predict that Bloomin' Brands will post 0.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bloomin' Brands

Institutional investors have recently modified their holdings of the business. Nisa Investment Advisors LLC boosted its position in shares of Bloomin' Brands by 148.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 5,265 shares of the restaurant operator's stock worth $41,000 after purchasing an additional 3,144 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in Bloomin' Brands in the third quarter valued at about $37,000. Integrated Wealth Concepts LLC acquired a new position in Bloomin' Brands in the second quarter valued at about $156,000. IFP Advisors Inc lifted its stake in Bloomin' Brands by 357.4% in the second quarter. IFP Advisors Inc now owns 5,022 shares of the restaurant operator's stock valued at $46,000 after buying an additional 3,924 shares during the period. Finally, Allworth Financial LP boosted its holdings in Bloomin' Brands by 146.3% during the second quarter. Allworth Financial LP now owns 6,069 shares of the restaurant operator's stock worth $55,000 after buying an additional 3,605 shares during the last quarter.

Bloomin' Brands Company Profile

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.

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