Bloomin’ Brands, Inc. (NASDAQ:BLMN) Receives Average Rating of “Reduce” from Brokerages

Bloomin’ Brands, Inc. (NASDAQ:BLMN) has been assigned an average rating of “Reduce” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $8.4375.

A number of research analysts recently issued reports on BLMN shares. Citigroup lifted their target price on Bloomin’ Brands from $6.75 to $7.00 and gave the stock a “neutral” rating in a report on Thursday, February 26th. Loop Capital set a $10.00 price objective on shares of Bloomin’ Brands in a research note on Tuesday, December 16th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Bloomin’ Brands in a research note on Friday, March 27th.

Insider Activity

In related news, Director Rohit Lal purchased 10,000 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were bought at an average price of $5.69 per share, with a total value of $56,900.00. Following the completion of the acquisition, the director owned 30,156 shares of the company’s stock, valued at approximately $171,587.64. This represents a 49.61% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.18% of the company’s stock.

Hedge Funds Weigh In On Bloomin’ Brands

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada raised its position in shares of Bloomin’ Brands by 50.4% during the first quarter. Royal Bank of Canada now owns 333,693 shares of the restaurant operator’s stock worth $2,393,000 after purchasing an additional 111,801 shares during the period. AQR Capital Management LLC boosted its position in shares of Bloomin’ Brands by 156.1% in the 1st quarter. AQR Capital Management LLC now owns 591,373 shares of the restaurant operator’s stock valued at $4,240,000 after purchasing an additional 360,450 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Bloomin’ Brands by 6.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,395 shares of the restaurant operator’s stock worth $333,000 after purchasing an additional 2,622 shares in the last quarter. Millennium Management LLC increased its stake in Bloomin’ Brands by 123.1% in the 1st quarter. Millennium Management LLC now owns 2,299,778 shares of the restaurant operator’s stock worth $16,489,000 after purchasing an additional 1,268,988 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Bloomin’ Brands by 4.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,048,497 shares of the restaurant operator’s stock worth $7,518,000 after buying an additional 43,329 shares during the period.

Bloomin’ Brands Price Performance

Shares of NASDAQ:BLMN opened at $5.48 on Friday. The stock has a market cap of $467.06 million, a price-to-earnings ratio of 54.81, a PEG ratio of 2.43 and a beta of 1.12. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.31 and a quick ratio of 0.24. Bloomin’ Brands has a 12 month low of $5.19 and a 12 month high of $10.70. The stock’s 50 day moving average price is $6.17 and its 200 day moving average price is $6.71.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings results on Wednesday, February 25th. The restaurant operator reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. Bloomin’ Brands had a return on equity of 26.26% and a net margin of 0.21%.The firm had revenue of $975.22 million during the quarter, compared to analyst estimates of $980.64 million. During the same period last year, the company posted $0.38 EPS. The firm’s quarterly revenue was up .3% on a year-over-year basis. Bloomin’ Brands has set its Q1 2026 guidance at 0.570-0.620 EPS and its FY 2026 guidance at 0.750-0.900 EPS. Equities research analysts anticipate that Bloomin’ Brands will post 1.8 earnings per share for the current fiscal year.

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.