Bloomin' Brands (NASDAQ:BLMN) Updates FY 2025 Earnings Guidance

Key Points

• Bloomin' Brands updated its FY 2025 earnings guidance, projecting EPS between 1.000 and 1.100, below the consensus estimate of 1.210.
• Despite the guidance update, Bloomin' Brands shares saw a rise of 8.9%, reaching $6.75 during mid-day trading.
• The company declared a quarterly dividend of $0.15 per share with a yield of 8.9%, to be paid on September 3rd.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.000-1.100 for the period, compared to the consensus estimate of 1.210. The company issued revenue guidance of -. Bloomin' Brands also updated its Q3 2025 guidance to -0.150--0.100 EPS.

Bloomin' Brands Stock Performance

Shares of BLMN traded down $0.16 during mid-day trading on Monday, hitting $6.47. The stock had a trading volume of 3,873,566 shares, compared to its average volume of 2,702,988. Bloomin' Brands has a 52 week low of $6.09 and a 52 week high of $18.72. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.43 and a quick ratio of 0.35. The business has a fifty day moving average price of $8.97 and a 200-day moving average price of $8.97. The firm has a market cap of $550.40 million, a P/E ratio of -129.40 and a beta of 1.32.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.05. The business had revenue of $1 billion for the quarter, compared to analysts' expectations of $974.69 million. Bloomin' Brands had a positive return on equity of 44.03% and a negative net margin of 0.12%. The firm's quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.51 EPS. On average, equities research analysts expect that Bloomin' Brands will post 1.8 EPS for the current year.

Bloomin' Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Tuesday, August 19th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 9.3%. The ex-dividend date is Tuesday, August 19th. Bloomin' Brands's payout ratio is currently -1,200.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. increased their target price on Bloomin' Brands from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 25th. Barclays dropped their price objective on Bloomin' Brands from $9.00 to $7.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 6th. Morgan Stanley lifted their target price on Bloomin' Brands from $9.00 to $10.00 and gave the company an "equal weight" rating in a report on Monday, July 14th. BMO Capital Markets decreased their price target on Bloomin' Brands from $10.00 to $8.00 and set a "market perform" rating on the stock in a research report on Thursday. Finally, The Goldman Sachs Group lowered their target price on shares of Bloomin' Brands from $8.00 to $6.50 and set a "sell" rating on the stock in a research note on Thursday. Two investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat.com, Bloomin' Brands currently has a consensus rating of "Hold" and an average price target of $11.00.

Hedge Funds Weigh In On Bloomin' Brands

A number of institutional investors have recently made changes to their positions in the stock. Millennium Management LLC grew its position in Bloomin' Brands by 123.1% in the first quarter. Millennium Management LLC now owns 2,299,778 shares of the restaurant operator's stock worth $16,489,000 after acquiring an additional 1,268,988 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Bloomin' Brands by 4.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,048,497 shares of the restaurant operator's stock worth $7,518,000 after purchasing an additional 43,329 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Bloomin' Brands by 156.1% in the 1st quarter. AQR Capital Management LLC now owns 591,373 shares of the restaurant operator's stock worth $4,240,000 after purchasing an additional 360,450 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Bloomin' Brands by 50.4% in the 1st quarter. Royal Bank of Canada now owns 333,693 shares of the restaurant operator's stock worth $2,393,000 after purchasing an additional 111,801 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Bloomin' Brands by 6.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,395 shares of the restaurant operator's stock valued at $333,000 after purchasing an additional 2,622 shares during the last quarter.

About Bloomin' Brands

Bloomin' Brands, Inc engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.