Bloomin' Brands (NASDAQ:BLMN) Shares Up 5.3% - Time to Buy?

Key Points

• Bloomin’ Brands shares rose 5.3% to about $9.69 in midday trading, though volume was 96% below the stock’s average daily volume.
• Analyst sentiment remains cautious: eleven analysts rate the stock Hold, producing a consensus price target of $10.90, while individual targets range from $12.00 to $12.25.
• The company beat quarterly expectations with $0.39 EPS versus $0.29 forecast and $1.02 billion in revenue, up 1.3% year over year; management’s fiscal 2026 EPS guidance is $0.90–$1.00.

Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report) shares were up 5.3% during mid-day trading on Monday. The company traded as high as $9.54 and last traded at $9.6850. Approximately 106,173 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 2,491,985 shares. The stock had previously closed at $9.20.

Wall Street Analysts Forecast Growth

BLMN has been the topic of several analyst reports. Weiss Ratings upgraded Bloomin' Brands from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, October 14th. Piper Sandler upped their price objective on shares of Bloomin' Brands from $9.00 to $12.00 and gave the company a "neutral" rating in a report on Monday, August 10th. Wall Street Zen upgraded shares of Bloomin' Brands from a "hold" rating to a "buy" rating in a research report on Saturday. Citigroup cut 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 report on Friday. Finally, BMO Capital Markets reiterated a "market perform" rating and issued a $12.00 target price on shares of Bloomin' Brands in a report on Thursday, August 6th. Eleven analysts have rated the stock with a Hold rating. According to MarketBeat, Bloomin' Brands has an average rating of "Hold" and a consensus price target of $10.90.

Bloomin' Brands Price Performance

The company has a quick ratio of 0.18, a current ratio of 0.25 and a debt-to-equity ratio of 1.62. The company has a market cap of $781.28 million, a PE ratio of 29.50, a P/E/G ratio of 2.41 and a beta of 1.26. The stock has a 50-day simple moving average of $9.32 and a 200 day simple moving average of $8.49.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last issued its quarterly earnings data 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. 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 period in the previous year, the firm earned $0.32 EPS. Bloomin' Brands's revenue was up 1.3% on a year-over-year basis. 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. Equities analysts expect that Bloomin' Brands, Inc. will post 0.96 EPS for the current year.

Institutional Trading of Bloomin' Brands

Several institutional investors have recently added to or reduced their stakes in BLMN. Nisa Investment Advisors LLC raised its position in Bloomin' Brands by 148.2% in the third 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 during the period. State of Alaska Department of Revenue purchased a new position in shares of Bloomin' Brands during the third quarter worth $37,000. Integrated Wealth Concepts LLC purchased a new position in shares of Bloomin' Brands during the second quarter worth $156,000. IFP Advisors Inc boosted its position in shares of Bloomin' Brands by 357.4% during the second quarter. IFP Advisors Inc now owns 5,022 shares of the restaurant operator's stock worth $46,000 after buying an additional 3,924 shares during the period. Finally, Allworth Financial LP boosted its position in shares of Bloomin' Brands by 146.3% during the second quarter. Allworth Financial LP now owns 6,069 shares of the restaurant operator's stock worth $55,000 after buying an additional 3,605 shares during the period.

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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