Bloomin’ Brands (NASDAQ:BLMN) Trading Down 5.9% – What’s Next?

Bloomin’ Brands, Inc. (NASDAQ:BLMN) fell 5.9% during trading on Tuesday . The stock traded as low as $8.51 and last traded at $8.3850. 74,323 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 2,451,992 shares. The stock had previously closed at $8.91.

Analysts Set New Price Targets

BLMN has been the subject of a number of recent research reports. Morgan Stanley increased their target price on shares of Bloomin’ Brands from $8.00 to $12.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $11.00 price objective on shares of Bloomin’ Brands in a research note on Thursday, August 6th. Piper Sandler raised their target price on shares of Bloomin’ Brands from $9.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Wall Street Zen upgraded Bloomin’ Brands from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Zacks Research upgraded Bloomin’ Brands from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $9.75.

Bloomin’ Brands Trading Down 8.0%

The business has a fifty day moving average price of $9.57 and a two-hundred day moving average price of $7.88. The company has a current ratio of 0.25, a quick ratio of 0.18 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $701.91 million, a PE ratio of 26.42, a PEG ratio of 2.24 and a beta of 1.23.

Bloomin’ Brands (NASDAQ:BLMN) 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. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1 billion. Bloomin’ Brands had a net margin of 0.70% and a return on equity of 28.95%. Bloomin’ Brands’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.32 EPS. 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. Analysts expect that Bloomin’ Brands, Inc. will post 0.98 EPS for the current fiscal year.

Hedge Funds Weigh In On Bloomin’ Brands

A number of hedge funds have recently made changes to their positions in BLMN. HighTower Advisors LLC increased its holdings in Bloomin’ Brands by 7.8% in the 2nd quarter. HighTower Advisors LLC now owns 24,844 shares of the restaurant operator’s stock valued at $227,000 after purchasing an additional 1,808 shares during the last quarter. Allworth Financial LP lifted its stake in 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 purchasing an additional 3,605 shares in the last quarter. 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. Hilton Head Capital Partners LLC acquired a new stake in shares of Bloomin’ Brands in the fourth quarter valued at $31,000. Finally, SG Americas Securities LLC grew its stake in shares of Bloomin’ Brands by 6.4% in the first 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.

About Bloomin’ Brands

Bloomin’ Brands, Inc is a restaurant company that owns, operates and franchises a portfolio of casual dining and upscale-casual restaurant concepts. Its brands include Outback Steakhouse, known for steaks and other Australian-inspired menu offerings; Carrabba’s Italian Grill, which specializes in Italian-American cuisine; Bonefish Grill, focused on seafood and grilled dishes; and Fleming’s Prime Steakhouse & Wine Bar, which offers prime steaks, seafood and wine. The company also operates additional concepts, including Aussie Grill and Tender Shack.

Bloomin’ Brands serves customers primarily in the United States, with restaurants and franchise operations in select international markets.