Citigroup Issues Pessimistic Forecast for Bloomin' Brands (NASDAQ:BLMN) Stock Price

Key Points

• Citigroup lowered its price target for Bloomin’ Brands from $12.75 to $12.25 while maintaining a neutral rating, implying roughly 33% upside from the prior close.
• Analyst sentiment remains cautious: eleven analysts rate the stock Hold, with a consensus target price of $10.90.
• Bloomin’ Brands shares fell 10.3% to $9.21, despite the company recently beating quarterly earnings expectations with $0.39 in EPS versus a $0.29 consensus estimate.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) had its target price lowered by research analysts at Citigroup from $12.75 to $12.25 in a report released on Friday, Benzinga reports. The firm currently has a "neutral" rating on the restaurant operator's stock. Citigroup's price objective would indicate a potential upside of 32.94% from the stock's previous close.

A number of other analysts have also recently commented on the company. JPMorgan Chase & Co. upgraded Bloomin' Brands from an "underweight" rating to a "neutral" rating and lifted their target price for the stock from $6.00 to $13.00 in a research report on Tuesday, September 29th. Zacks Research cut Bloomin' Brands from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 16th. BMO Capital Markets restated a "market perform" rating and set a $12.00 price target on shares of Bloomin' Brands in a research note on Thursday, August 6th. Veritas Investment Research set a $13.00 price target on Bloomin' Brands in a research report on Tuesday, September 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $11.00 price objective on shares of Bloomin' Brands in a research note on Thursday, August 6th. Eleven equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $10.90.

Bloomin' Brands Stock Down 10.3%

Shares of Bloomin' Brands stock traded down $1.05 during trading hours on Friday, hitting $9.21. The company had a trading volume of 2,518,341 shares, compared to its average volume of 2,497,423. 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's 50-day moving average is $9.35 and its two-hundred day moving average is $8.46. The company has a market cap of $788.99 million, a P/E ratio of 29.72, a price-to-earnings-growth ratio of 2.63 and a beta of 1.26. Bloomin' Brands has a twelve month low of $5.19 and a twelve month high of $12.63.

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

Institutional Investors Weigh In On Bloomin' Brands

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Nisa Investment Advisors LLC grew its stake 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 valued at $41,000 after purchasing an additional 3,144 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Bloomin' Brands during the third quarter worth approximately $37,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Bloomin' Brands during the second quarter worth approximately $156,000. IFP Advisors Inc raised its stake in shares of Bloomin' Brands by 357.4% during the second quarter. IFP Advisors Inc now owns 5,022 shares of the restaurant operator's stock worth $46,000 after purchasing an additional 3,924 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of 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 purchasing an additional 3,605 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 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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