Bloomin' Brands (NASDAQ:BLMN) Shares Gap Up Following Earnings Beat

Key Points

• EPS beat: Bloomin' Brands reported Q EPS of $0.67 vs. $0.57 expected and revenue of $1.06B (vs. $1.04B), set FY2026 guidance of $0.75–$0.90 and Q2 guidance of $0.27–$0.32, and the stock gapped up from $5.76 to open at $7.06, last trading around $7.87 on heavy volume.
• Analyst sentiment is mixed-to-negative: six Holds and two Sells, Citigroup nudged its target to $7.00 (neutral) while JPMorgan cut to underweight with a $6.00 target and Weiss maintained a sell; MarketBeat's consensus rating is Reduce with a $7.86 price target.
• Insider director Rohit Lal bought 10,000 shares at $5.69 (increasing his stake ~49.6%), several institutions modestly boosted positions, but the company shows high leverage (debt/equity 2.34), a tiny net margin (0.21%) and a high P/E (~80), highlighting risks despite the rally.

Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report) shares gapped up prior to trading on Wednesday after the company announced better than expected quarterly earnings. The stock had previously closed at $5.76, but opened at $7.06. Bloomin' Brands shares last traded at $7.8660, with a volume of 1,697,245 shares.

The restaurant operator reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.10. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. Bloomin' Brands had a return on equity of 26.26% and a net margin of 0.21%.Bloomin' Brands's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.59 EPS. Bloomin' Brands has set its FY 2026 guidance at 0.750-0.900 EPS and its Q2 2026 guidance at 0.270-0.320 EPS.

Wall Street Analysts Forecast Growth

BLMN has been the subject of a number of analyst reports. Citigroup increased their price target on Bloomin' Brands from $6.75 to $7.00 and gave the company a "neutral" rating in a research report on Thursday, February 26th. Weiss Ratings reissued a "sell (d)" rating on shares of Bloomin' Brands in a research report on Friday, March 27th. Finally, JPMorgan Chase & Co. lowered Bloomin' Brands from a "neutral" rating to an "underweight" rating and set a $6.00 price target for the company. in a research report on Friday, April 24th. Six analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Bloomin' Brands has an average rating of "Reduce" and a consensus price target of $7.86.

Insider Activity

In other Bloomin' Brands news, Director Rohit Lal bought 10,000 shares of the firm's stock in a transaction dated Wednesday, March 11th. The stock was purchased at an average cost of $5.69 per share, with a total value of $56,900.00. Following the transaction, the director directly owned 30,156 shares in the company, valued at $171,587.64. This trade represents a 49.61% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.18% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bloomin' Brands

Several large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its position in shares of Bloomin' Brands by 44.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,431 shares of the restaurant operator's stock valued at $34,000 after purchasing an additional 1,662 shares during the last quarter. WINTON GROUP Ltd grew its stake in shares of Bloomin' Brands by 1.1% during the 3rd quarter. WINTON GROUP Ltd now owns 163,932 shares of the restaurant operator's stock worth $1,175,000 after acquiring an additional 1,752 shares during the period. GAMMA Investing LLC grew its stake in shares of Bloomin' Brands by 50.9% during the 4th quarter. GAMMA Investing LLC now owns 6,221 shares of the restaurant operator's stock worth $38,000 after acquiring an additional 2,099 shares during the period. Alliancebernstein L.P. grew its stake in shares of Bloomin' Brands by 2.2% during the 3rd quarter. Alliancebernstein L.P. now owns 97,268 shares of the restaurant operator's stock worth $697,000 after acquiring an additional 2,103 shares during the period. Finally, Fox Run Management L.L.C. grew its stake in shares of Bloomin' Brands by 8.2% during the 3rd quarter. Fox Run Management L.L.C. now owns 29,697 shares of the restaurant operator's stock worth $213,000 after acquiring an additional 2,261 shares during the period.

Bloomin' Brands Price Performance

The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.24 and a current ratio of 0.31. The company has a market cap of $675.87 million, a P/E ratio of 80.30, a P/E/G ratio of 4.76 and a beta of 1.10. The firm has a 50 day moving average price of $5.95 and a two-hundred day moving average price of $6.54.

About Bloomin' Brands

Bloomin' Brands, Inc engages in the ownership, operation and franchising of casual dining restaurants worldwide. The company's portfolio includes five full-service restaurant chains: Outback Steakhouse, known for its Australian-inspired steakhouse concept; Carrabba's Italian Grill, offering Italian-American cuisine; Bonefish Grill, specializing in handcrafted seafood dishes; Fleming's Prime Steakhouse & Wine Bar, focusing on premium steak and wine experiences; and Aussie Grill by Outback, featuring a streamlined menu of signature items.

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