Bloomin’ Brands (NASDAQ:BLMN) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.57 and traded as high as $8.50. Bloomin’ Brands shares last traded at $8.14, with a volume of 2,135,245 shares.

Wall Street Analyst Weigh In

BLMN has been the topic of several research reports. Barclays lifted their price target on shares of Bloomin’ Brands from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. The Goldman Sachs Group lifted their price target on shares of Bloomin’ Brands from $6.00 to $8.50 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. UBS Group lifted their price target on shares of Bloomin’ Brands from $6.00 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings raised shares of Bloomin’ Brands from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. downgraded shares of Bloomin’ Brands from a “neutral” rating to an “underweight” rating and set a $6.00 price target on the stock. in a research note on Friday, April 24th. Seven research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $8.78.

Bloomin’ Brands Stock Down 1.2%

The company has a quick ratio of 0.19, a current ratio of 0.26 and a debt-to-equity ratio of 1.89. The company has a 50-day simple moving average of $6.27 and a two-hundred day simple moving average of $6.58. The stock has a market cap of $688.34 million, a P/E ratio of 32.16, a P/E/G ratio of 2.18 and a beta of 1.10.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.10. Bloomin’ Brands had a return on equity of 28.00% and a net margin of 0.55%.The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the company posted $0.59 earnings per share. The business’s revenue was up 1.0% on a year-over-year basis. Bloomin’ Brands has set its FY 2026 guidance at 0.750-0.900 EPS and its Q2 2026 guidance at 0.270-0.320 EPS. On average, equities analysts forecast that Bloomin’ Brands, Inc. will post 0.88 EPS for the current year.

Insiders Place Their Bets

In related news, Director Rohit Lal acquired 10,000 shares of the stock in a transaction on Wednesday, March 11th. The stock was purchased at an average price of $5.69 per share, for a total transaction of $56,900.00. Following the completion of the transaction, the director owned 30,156 shares of the company’s stock, valued at $171,587.64. This trade represents a 49.61% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.18% of the company’s stock.

Hedge Funds Weigh In On Bloomin’ Brands

Several hedge funds have recently made changes to their positions in BLMN. Quarry LP purchased a new position in shares of Bloomin’ Brands during the fourth quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Bloomin’ Brands by 83,825.0% during the second 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 period. Hilton Head Capital Partners LLC purchased a new position in shares of Bloomin’ Brands during the fourth quarter valued at approximately $31,000. PNC Financial Services Group Inc. increased its stake in shares of Bloomin’ Brands by 44.1% during 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, GAMMA Investing LLC increased its stake in shares of Bloomin’ Brands by 50.9% during the fourth quarter. GAMMA Investing LLC now owns 6,221 shares of the restaurant operator’s stock valued at $38,000 after buying an additional 2,099 shares during the period.

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.