Bloomin' Brands, Inc. (NASDAQ:BLMN) Stock Now Rated "Hold" by Wall Street Analysts

Key Points

• Analysts now rate Bloomin’ Brands “Hold” on average: Nine analysts recommend holding the stock, while one rates it a sell and one a strong buy. The average 12-month price target is $10.60.
• Institutional interest has increased: BlackRock and Miller Value Partners initiated sizable positions, while Arrowstreet Capital and Dimensional Fund Advisors significantly expanded their holdings.
• Recent results exceeded expectations: Bloomin’ Brands reported quarterly EPS of $0.39 versus the $0.29 consensus estimate and revenue of $1.02 billion, up 1.3% year over year. Shares opened at $9.21, within a 52-week range of $5.19 to $12.63.

Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report) has earned an average rating of "Hold" from the eleven analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $10.60.

A number of equities analysts have weighed in on BLMN shares. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $11.00 target price on shares of Bloomin' Brands in a research report on Thursday, August 6th. Citigroup dropped their price objective on Bloomin' Brands from $9.50 to $8.75 and set a "neutral" rating on the stock in a report on Friday, July 24th. BMO Capital Markets restated a "market perform" rating and issued a $12.00 price objective on shares of Bloomin' Brands in a research report on Thursday, August 6th. Wall Street Zen lowered Bloomin' Brands from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, JPMorgan Chase & Co. upgraded shares of Bloomin' Brands from an "underweight" rating to a "neutral" rating and upped their target price for the stock from $6.00 to $13.00 in a research report on Tuesday, September 29th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BLMN. BlackRock Inc. bought a new position in Bloomin' Brands during the 2nd quarter valued at approximately $62,563,000. Miller Value Partners LLC purchased a new position in Bloomin' Brands during the second quarter valued at $23,635,000. Arrowstreet Capital Limited Partnership boosted its stake in Bloomin' Brands by 79.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,908,998 shares of the restaurant operator's stock worth $21,109,000 after acquiring an additional 1,736,001 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Bloomin' Brands by 84.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,208,122 shares of the restaurant operator's stock worth $11,924,000 after purchasing an additional 1,013,953 shares in the last quarter. Finally, Prosperitas Financial LLC purchased a new stake in shares of Bloomin' Brands in the second quarter worth $6,289,000.

Bloomin' Brands Price Performance

Shares of NASDAQ:BLMN opened at $9.21 on Wednesday. Bloomin' Brands has a 1-year low of $5.19 and a 1-year high of $12.63. The stock's fifty day simple moving average is $9.51 and its two-hundred day simple moving average is $8.24. The company has a current ratio of 0.25, a quick ratio of 0.18 and a debt-to-equity ratio of 1.62. The stock has a market cap of $788.56 million, a PE ratio of 29.71, a price-to-earnings-growth ratio of 2.30 and a beta of 1.26.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last released its earnings results on Wednesday, August 5th. The restaurant operator reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.10. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1 billion. Bloomin' Brands had a return on equity of 28.95% and a net margin of 0.70%. Bloomin' Brands's quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 earnings per share. 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. As a group, analysts forecast that Bloomin' Brands will post 0.96 EPS for the current fiscal year.

About Bloomin' Brands

Bloomin' Brands, Inc is a restaurant company that owns and operates a portfolio of casual dining and upscale casual dining brands. Its best-known concept is Outback Steakhouse, which specializes in steaks, seafood, chicken, burgers and other American-style dishes with an Australian-inspired theme.

The company's other restaurant brands include Carrabba's Italian Grill, which serves Italian-American cuisine; Bonefish Grill, focused on seafood and wood-grilled specialties; and Fleming's Prime Steakhouse & Wine Bar, an upscale steakhouse concept.

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