Bloomin’ Brands, Inc. (NASDAQ:BLMN) Stock Has Consensus Price Target of $11.10

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) have been given an average rating of “Reduce” by the eleven brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $11.10.

A number of equities research analysts have recently issued reports on the company. Citigroup dropped their price target on Bloomin’ Brands from $12.75 to $12.25 and set a “neutral” rating for the company in a research report on Friday, October 23rd. Deutsche Bank reaffirmed a “hold” rating and issued a $11.00 price target on shares of Bloomin’ Brands in a report on Thursday, August 6th. Morgan Stanley lifted their price objective on Bloomin’ Brands from $8.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Piper Sandler boosted their price objective on Bloomin’ Brands from $9.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Finally, UBS Group upped their target price on Bloomin’ Brands from $9.00 to $11.50 and gave the company a “neutral” rating in a report on Monday, November 2nd.

Bloomin’ Brands Price Performance

Shares of NASDAQ BLMN opened at $10.12 on Friday. The firm has a 50-day simple moving average of $9.20 and a 200-day simple moving average of $8.02. The company has a quick ratio of 0.18, a current ratio of 0.29 and a debt-to-equity ratio of 1.77. The stock has a market capitalization of $867.79 million, a price-to-earnings ratio of 8.90, a price-to-earnings-growth ratio of 3.01 and a beta of 1.30. Bloomin’ Brands has a 52 week low of $5.19 and a 52 week high of $12.63.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings data on Friday, November 6th. The restaurant operator reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.07. The company had revenue of $944.35 million during the quarter, compared to analysts’ expectations of $925.23 million. Bloomin’ Brands had a net margin of 1.79% and a return on equity of 24.54%. Bloomin’ Brands’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.03) EPS. Bloomin’ Brands has set its FY 2026 guidance at 0.970-1.020 EPS and its Q4 2026 guidance at 0.070-0.120 EPS. On average, equities analysts predict that Bloomin’ Brands will post 1.00 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Kelly Lefferts sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $10.16, for a total transaction of $508,000.00. Following the completion of the sale, the executive vice president directly owned 80,865 shares in the company, valued at approximately $821,588.40. This trade represents a 38.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Patrick Hafner sold 20,000 shares of Bloomin’ Brands stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $10.13, for a total transaction of $202,600.00. Following the transaction, the executive vice president directly owned 17,301 shares in the company, valued at $175,259.13. This trade represents a 53.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.18% of the company’s stock.

Institutional Trading of Bloomin’ Brands

Hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new stake in shares of Bloomin’ Brands during the 3rd quarter valued at approximately $37,000. IFP Advisors Inc grew its position in Bloomin’ Brands by 357.4% in the second quarter. IFP Advisors Inc now owns 5,022 shares of the restaurant operator’s stock worth $46,000 after acquiring an additional 3,924 shares during the period. Nisa Investment Advisors LLC grew its position in Bloomin’ Brands by 148.2% in the third quarter. Nisa Investment Advisors LLC now owns 5,265 shares of the restaurant operator’s stock worth $41,000 after acquiring an additional 3,144 shares during the period. Allworth Financial LP acquired a new stake in Bloomin’ Brands during the second quarter worth $55,000. Finally, Quantbot Technologies LP acquired a new stake in Bloomin’ Brands during the second quarter worth $58,000.

About Bloomin’ Brands

Bloomin’ Brands, Inc. is a restaurant company that owns, operates and franchises casual and upscale dining concepts. Its brands include Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse & Wine Bar. The company’s restaurants serve a range of offerings, including steaks and other grilled dishes, Italian cuisine, seafood and fine-dining meals. Bloomin’ Brands was founded in 1988 and is headquartered in Tampa, Florida. Bloomin’ Brands serves customers primarily in the United States, as well as in international markets through company-operated restaurants and franchise arrangements.