Bloomin' Brands (NASDAQ:BLMN) Trading 9.7% Higher - Here's What Happened

Key Points

• Shares jumped 9.7% to $6.395 on Tuesday with 1.19M shares traded (about 57% below average), and the stock carries a market cap of roughly $542M while analysts’ consensus rating is "Reduce" with an average price target of $8.44.
• Bloomin' Brands reported quarterly EPS of $0.26 (beat by $0.01) on $975.22M revenue (slightly below expectations) and set guidance of Q1 2026 EPS 0.570–0.620 and FY2026 EPS 0.750–0.900.
• Insider Director Rohit Lal bought 10,000 shares recently, while the company shows liquidity and leverage concerns with a current ratio of 0.31 and a debt-to-equity ratio of 2.34, alongside a high P/E of 63.66.

Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report) shares traded up 9.7% on Tuesday . The company traded as high as $6.39 and last traded at $6.3950. 1,189,061 shares changed hands during trading, a decline of 57% from the average session volume of 2,743,976 shares. The stock had previously closed at $5.83.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Loop Capital set a $10.00 price objective on shares of Bloomin' Brands in a report on Tuesday, December 16th. Citigroup boosted their target price on shares of Bloomin' Brands from $6.75 to $7.00 and gave the company a "neutral" rating in a research report on Thursday, February 26th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Bloomin' Brands in a research report on Friday, March 27th. Eight investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Bloomin' Brands presently has an average rating of "Reduce" and an average price target of $8.44.

Bloomin' Brands Price Performance

The company's 50 day moving average is $6.04 and its 200 day moving average is $6.65. The stock has a market capitalization of $542.49 million, a price-to-earnings ratio of 63.66, a price-to-earnings-growth ratio of 2.67 and a beta of 1.12. The company has a current ratio of 0.31, a quick ratio of 0.24 and a debt-to-equity ratio of 2.34.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The restaurant operator reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01. The firm had revenue of $975.22 million during the quarter, compared to analysts' expectations of $980.64 million. Bloomin' Brands had a return on equity of 26.26% and a net margin of 0.21%.Bloomin' Brands's revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.38 earnings per share. Bloomin' Brands has set its Q1 2026 guidance at 0.570-0.620 EPS and its FY 2026 guidance at 0.750-0.900 EPS. Research analysts anticipate that Bloomin' Brands, Inc. will post 1.8 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Rohit Lal purchased 10,000 shares of the business's stock in a transaction on Wednesday, March 11th. The shares were bought at an average price of $5.69 per share, with a total value of $56,900.00. Following the completion of the purchase, the director directly owned 30,156 shares in the company, valued at approximately $171,587.64. This trade represents a 49.61% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 1.18% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bloomin' Brands

A number of large investors have recently added to or reduced their stakes in the company. State Street Corp boosted its stake in Bloomin' Brands by 1.8% during the 4th quarter. State Street Corp now owns 3,400,106 shares of the restaurant operator's stock valued at $20,979,000 after purchasing an additional 58,722 shares during the period. Millennium Management LLC raised its holdings in shares of Bloomin' Brands by 69.9% during the third quarter. Millennium Management LLC now owns 2,590,098 shares of the restaurant operator's stock worth $18,571,000 after acquiring an additional 1,065,842 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Bloomin' Brands by 12.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,409,123 shares of the restaurant operator's stock worth $14,864,000 after acquiring an additional 269,746 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of Bloomin' Brands by 115.9% during the fourth quarter. Federated Hermes Inc. now owns 2,064,940 shares of the restaurant operator's stock worth $12,741,000 after acquiring an additional 1,108,500 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Bloomin' Brands by 12.4% during the fourth quarter. Geode Capital Management LLC now owns 1,940,257 shares of the restaurant operator's stock worth $11,973,000 after acquiring an additional 213,932 shares in the last quarter.

Bloomin' Brands Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.