Bloomin' Brands (NASDAQ:BLMN) Stock Breaks Above 200 Day Moving Average - Time to Sell?

Key Points

• Bloomin’ Brands shares rose above their 200-day moving average, trading as high as $8.77 and most recently at $8.60, compared with the 200-day average of $8.17.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $10.60; nine analysts rate the stock Hold, while one rates it Strong Buy and one Sell.
• The company beat quarterly earnings expectations, reporting $0.39 EPS versus $0.29 expected and $1.02 billion in revenue, up 1.3% year over year. However, its low current and quick ratios indicate limited short-term liquidity.

Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $8.17 and traded as high as $8.77. Bloomin' Brands shares last traded at $8.60, with a volume of 2,692,711 shares trading hands.

Analyst Ratings Changes

BLMN has been the subject of several research reports. Citigroup cut their price target on Bloomin' Brands from $9.50 to $8.75 and set a "neutral" rating for the company in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $11.00 price objective on shares of Bloomin' Brands in a research note on Thursday, August 6th. 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. Veritas Investment Research set a $13.00 target price on shares of Bloomin' Brands in a research report on Tuesday, September 29th. Finally, Morgan Stanley lifted their target price on shares of Bloomin' Brands from $8.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Bloomin' Brands has a consensus rating of "Hold" and an average price target of $10.60.

Bloomin' Brands Stock Up 1.4%

The company has a debt-to-equity ratio of 1.62, a current ratio of 0.25 and a quick ratio of 0.18. The company has a fifty day moving average price of $9.51 and a 200 day moving average price of $8.17. The company has a market cap of $736.33 million, a PE ratio of 27.74, a price-to-earnings-growth ratio of 2.22 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 business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1 billion. During the same period last year, the firm posted $0.32 earnings per share. Bloomin' Brands's quarterly 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. As a group, analysts anticipate that Bloomin' Brands, Inc. will post 0.96 EPS for the current year.

Institutional Trading of Bloomin' Brands

Several institutional investors and hedge funds have recently made changes to their positions in BLMN. HighTower Advisors LLC lifted its stake in Bloomin' Brands by 7.8% during the second quarter. HighTower Advisors LLC now owns 24,844 shares of the restaurant operator's stock worth $227,000 after purchasing an additional 1,808 shares during the last quarter. Allworth Financial LP increased its position in shares of Bloomin' Brands by 146.3% during the 2nd quarter. Allworth Financial LP now owns 6,069 shares of the restaurant operator's stock valued at $55,000 after purchasing an additional 3,605 shares during the last quarter. IFP Advisors Inc increased its position in shares of 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 during the last quarter. SG Americas Securities LLC raised its holdings in shares of Bloomin' Brands by 6.4% during the 1st quarter. SG Americas Securities LLC now owns 85,062 shares of the restaurant operator's stock valued at $459,000 after buying an additional 5,148 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Bloomin' Brands during the 2nd quarter valued at about $58,000.

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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