Bloomin' Brands (NASDAQ:BLMN) Trading Down 3.7% - Time to Sell?

Key Points

• Bloomin’ Brands shares fell 3.7% to about $11.02 in Tuesday trading, with volume roughly 85% below the average daily level.
• Analyst sentiment remains cautious: the stock has a consensus “Hold” rating from 11 analysts, with a consensus price target of $9.75, despite recent target increases and one “Strong Buy” rating.
• The company exceeded quarterly earnings expectations, reporting $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 fell 3.7% during trading on Tuesday . The stock traded as low as $11.02 and last traded at $11.0150. Approximately 386,822 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 2,510,128 shares. The stock had previously closed at $11.44.

Analyst Ratings Changes

Several research firms recently issued reports on BLMN. Morgan Stanley increased their price target on shares of Bloomin' Brands from $8.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 6th. BMO Capital Markets restated a "market perform" rating and set a $12.00 price objective on shares of Bloomin' Brands in a research report on Thursday, August 6th. Zacks Research raised Bloomin' Brands from a "hold" rating to a "strong-buy" rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $11.00 price target on shares of Bloomin' Brands in a research note on Thursday, August 6th. Finally, Barclays upped their price objective on Bloomin' Brands from $7.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Bloomin' Brands presently has a consensus rating of "Hold" and a consensus price target of $9.75.

Bloomin' Brands Stock Performance

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 firm has a market cap of $926.85 million, a P/E ratio of 34.95, a P/E/G ratio of 3.00 and a beta of 1.22. The company's 50 day moving average is $9.16 and its 200 day moving average is $7.54.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last posted its earnings results on Wednesday, August 5th. The restaurant operator reported $0.39 earnings per share for the quarter, topping 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 analysts' expectations of $1 billion. During the same quarter in the previous year, the firm posted $0.32 earnings per share. The company'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. As a group, equities analysts predict that Bloomin' Brands, Inc. will post 0.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bloomin' Brands

Several institutional investors and hedge funds have recently added to or reduced their stakes in BLMN. Quarry LP bought a new stake in shares of Bloomin' Brands in the fourth quarter worth $25,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Bloomin' Brands by 83,825.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,357 shares of the restaurant operator's stock valued at $29,000 after buying an additional 3,353 shares during the last quarter. Hilton Head Capital Partners LLC bought a new stake in shares of Bloomin' Brands in the 4th quarter valued at about $31,000. PNC Financial Services Group Inc. increased its stake in shares of Bloomin' Brands by 44.1% in the fourth 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. Finally, Allworth Financial LP bought a new position in shares of Bloomin' Brands during the second quarter worth about $55,000.

Bloomin' Brands Company Profile

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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