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

Key Points

• Wall Street Zen upgraded Bloomin’ Brands to “buy” from “hold,” but broader analyst sentiment remains cautious, with nine hold ratings, one sell rating, and a consensus “reduce” rating.
• Bloomin’ Brands reported quarterly EPS of $0.39, beating estimates of $0.29, while revenue reached $1.02 billion and rose 1.3% year over year. The company maintained fiscal 2026 EPS guidance of $0.90–$1.00.
• Shares opened at $10.95, above the analyst consensus price target of $9.53; the stock has traded between $5.19 and $12.63 over the past year and carries significant leverage, including a 1.89 debt-to-equity ratio.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

A number of other research firms have also recently commented on BLMN. The Goldman Sachs Group increased their price target on shares of Bloomin' Brands from $6.00 to $8.50 and gave the company a "neutral" rating in a report on Thursday, May 7th. BMO Capital Markets restated a "market perform" rating and issued a $12.00 price objective on shares of Bloomin' Brands in a report on Thursday. JPMorgan Chase & Co. cut Bloomin' Brands from a "neutral" rating to an "underweight" rating and set a $6.00 price objective on the stock. in a research report on Friday, April 24th. Morgan Stanley increased their target price on Bloomin' Brands from $8.00 to $12.00 and gave the company an "equal weight" rating in a research note on Thursday. Finally, Citigroup reduced their target price on Bloomin' Brands from $9.50 to $8.75 and set a "neutral" rating for the company in a report on Friday, July 24th. Nine equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Reduce" and a consensus price target of $9.53.

Bloomin' Brands Stock Performance

Shares of Bloomin' Brands stock opened at $10.95 on Friday. Bloomin' Brands has a 1 year low of $5.19 and a 1 year high of $12.63. The firm's 50-day moving average is $8.43 and its 200 day moving average is $7.22. The stock has a market cap of $937.43 million, a price-to-earnings ratio of 35.32, a PEG ratio of 7.96 and a beta of 1.22. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.26 and a quick ratio of 0.19.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The restaurant operator reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates 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 30.43%. Bloomin' Brands's revenue was up 1.3% compared to the same quarter last year. During the same period last 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. Sell-side analysts anticipate that Bloomin' Brands will post 0.94 EPS for the current fiscal year.

Institutional Trading of Bloomin' Brands

A number of large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its holdings in 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 buying an additional 1,662 shares during the period. Alliancebernstein L.P. lifted its position in Bloomin' Brands by 2.2% in the third quarter. Alliancebernstein L.P. now owns 97,268 shares of the restaurant operator's stock worth $697,000 after buying an additional 2,103 shares during the last quarter. Deutsche Bank AG boosted its stake in Bloomin' Brands by 4.2% during the fourth quarter. Deutsche Bank AG now owns 61,986 shares of the restaurant operator's stock worth $382,000 after buying an additional 2,513 shares during the period. Fox Run Management L.L.C. boosted its stake in Bloomin' Brands by 8.6% during the fourth quarter. Fox Run Management L.L.C. now owns 32,265 shares of the restaurant operator's stock worth $199,000 after buying an additional 2,568 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Bloomin' Brands by 6.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,395 shares of the restaurant operator's stock valued at $333,000 after acquiring an additional 2,622 shares during the last quarter.

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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