Bloomin' Brands (NASDAQ:BLMN) Shares Down 5.6% - What's Next?

Key Points

• Bloomin’ Brands shares fell 5.6% to about $10.29, with trading volume down 88% versus the average session.
• Analysts remain cautious: eleven analysts rate the stock “Hold,” with an average price target of $11.10, although JPMorgan upgraded it to “Neutral” and raised its target to $13.
• The company beat quarterly earnings expectations, posting $0.39 EPS versus the $0.29 consensus and $1.02 billion in revenue, up 1.3% year over year; full-year 2026 guidance is $0.90–$1.00 EPS.

Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report)'s stock price dropped 5.6% during trading on Tuesday. The company traded as low as $10.38 and last traded at $10.2850. Approximately 294,076 shares changed hands during trading, a decline of 88% from the average session volume of 2,507,457 shares. The stock had previously closed at $10.90.

Analyst Upgrades and Downgrades

BLMN has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised shares of Bloomin' Brands from an "underweight" rating to a "neutral" rating and raised their price target for the stock from $6.00 to $13.00 in a report on Tuesday, September 29th. Citigroup lowered their price objective on shares of Bloomin' Brands from $12.75 to $12.25 and set a "neutral" rating for the company in a research note on Friday, October 23rd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $11.00 target price on shares of Bloomin' Brands in a report on Thursday, August 6th. Piper Sandler raised their target price on Bloomin' Brands from $9.00 to $12.00 and gave the stock a "neutral" rating in a research note on Monday, August 10th. Finally, Veritas Investment Research set a $13.00 price target on Bloomin' Brands in a report on Tuesday, September 29th. Eleven analysts have rated the stock with a Hold rating. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $11.10.

Bloomin' Brands Stock Performance

The company's 50-day moving average price is $9.25 and its 200 day moving average price is $7.92. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.18 and a current ratio of 0.25. The stock has a market capitalization of $872.04 million, a PE ratio of 32.85, a PEG ratio of 2.62 and a beta of 1.26.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last announced its earnings results 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. Bloomin' Brands had a net margin of 0.70% and a return on equity of 28.95%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the firm posted $0.32 EPS. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. 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. On average, equities research analysts expect that Bloomin' Brands, Inc. will post 0.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bloomin' Brands

A number of institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new position in shares of Bloomin' Brands during the third quarter valued at $37,000. IFP Advisors Inc increased its stake in Bloomin' Brands by 357.4% during the 2nd quarter. IFP Advisors Inc now owns 5,022 shares of the restaurant operator's stock valued at $46,000 after purchasing an additional 3,924 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Bloomin' Brands by 148.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 5,265 shares of the restaurant operator's stock valued at $41,000 after purchasing an additional 3,144 shares in the last quarter. Allworth Financial LP purchased a new position in Bloomin' Brands in the second quarter worth about $55,000. Finally, Quantbot Technologies LP purchased a new position in Bloomin' Brands in the second quarter worth about $58,000.

About Bloomin' Brands

Bloomin' Brands, Inc is a restaurant company that owns, operates and franchises a portfolio of casual dining and upscale restaurant concepts. Its principal brands include Outback Steakhouse, known for steaks and other Australian-inspired dishes; Carrabba's Italian Grill, which serves Italian-American cuisine; Bonefish Grill, focused on seafood and contemporary dishes; and Fleming's Prime Steakhouse & Wine Bar.

The company's restaurants offer a range of dine-in, takeout, delivery and catering services, with menus generally centered on full-service meals, specialty beverages and hospitality-oriented dining experiences.

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