Bloomin’ Brands (NASDAQ:BLMN) Trading Down 3.7% – Should You Sell?

Bloomin’ Brands, Inc. (NASDAQ:BLMN)’s share price dropped 3.7% during trading on Tuesday . The company traded as low as $11.02 and last traded at $11.0150. Approximately 386,822 shares changed hands during trading, a decline of 85% from the average daily volume of 2,510,128 shares. The stock had previously closed at $11.44.

Analysts Set New Price Targets

Several research firms recently weighed in on BLMN. Morgan Stanley raised their price objective on Bloomin’ Brands from $8.00 to $12.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. Citigroup dropped their target price on Bloomin’ Brands from $9.50 to $8.75 and set a “neutral” rating for the company in a research report on Friday, July 24th. BMO Capital Markets reissued a “market perform” rating and set a $12.00 price target on shares of Bloomin’ Brands in a research note on Thursday, August 6th. Zacks Research upgraded Bloomin’ Brands from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Finally, Barclays upped their price objective on Bloomin’ Brands from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Bloomin’ Brands has an average rating of “Hold” and an average target price of $9.75.

Bloomin’ Brands Stock Up 1.0%

The company has a market capitalization of $954.66 million, a P/E ratio of 35.97, a P/E/G ratio of 2.85 and a beta of 1.22. 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 stock has a 50-day moving average price of $9.30 and a 200-day moving average price of $7.60.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings results on Wednesday, August 5th. The restaurant operator reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10. Bloomin’ Brands had a return on equity of 28.95% and a net margin of 0.70%.The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same period in the prior year, the business earned $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, research analysts predict that Bloomin’ Brands, Inc. will post 0.98 EPS for the current fiscal year.

Institutional Investors Weigh In On Bloomin’ Brands

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Bloomin’ Brands during the 2nd quarter valued at $62,563,000. Arrowstreet Capital Limited Partnership grew its position in shares of Bloomin’ Brands by 79.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,908,998 shares of the restaurant operator’s stock valued at $21,109,000 after purchasing an additional 1,736,001 shares in the last quarter. State Street Corp increased its position in shares of Bloomin’ Brands by 1.8% during the fourth quarter. State Street Corp now owns 3,400,106 shares of the restaurant operator’s stock valued at $20,979,000 after buying an additional 58,722 shares during the period. Millennium Management LLC boosted its stake in Bloomin’ Brands by 69.9% during the third quarter. Millennium Management LLC now owns 2,590,098 shares of the restaurant operator’s stock valued at $18,571,000 after buying an additional 1,065,842 shares during the period. Finally, Miller Value Partners LLC purchased a new position in Bloomin’ Brands in the 2nd quarter worth approximately $23,635,000.

About Bloomin’ Brands

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.