Bloomin’ Brands (NASDAQ:BLMN) Stock Price Down 5.5% – Should You Sell?

Bloomin’ Brands, Inc. (NASDAQ:BLMN) was down 5.5% on Monday . The stock traded as low as $8.31 and last traded at $8.2250. 98,519 shares traded hands during trading, a decline of 96% from the average session volume of 2,649,418 shares. The stock had previously closed at $8.70.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of Bloomin’ Brands from $6.00 to $8.50 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Citigroup raised their target price on shares of Bloomin’ Brands from $6.75 to $9.50 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Barclays lifted their target price on shares of Bloomin’ Brands from $7.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Wall Street Zen cut shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Finally, JPMorgan Chase & Co. downgraded shares of Bloomin’ Brands from a “neutral” rating to an “underweight” rating and set a $6.00 price objective for the company. in a research report on Friday, April 24th. Seven equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $8.78.

Bloomin’ Brands Stock Down 6.7%

The stock has a market capitalization of $694.73 million, a PE ratio of 32.50, a P/E/G ratio of 2.33 and a beta of 1.21. The firm has a 50 day moving average of $7.80 and a two-hundred day moving average of $6.89. The company has a current ratio of 0.26, a quick ratio of 0.19 and a debt-to-equity ratio of 1.89.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.10. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Bloomin’ Brands had a return on equity of 28.00% and a net margin of 0.55%.Bloomin’ Brands’s revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 earnings per share. 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. Equities research analysts anticipate that Bloomin’ Brands, Inc. will post 0.88 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership grew its stake in Bloomin’ Brands by 79.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,908,998 shares of the restaurant operator’s stock valued at $21,109,000 after acquiring an additional 1,736,001 shares during the last quarter. Millennium Management LLC raised its position in Bloomin’ Brands by 123.1% during the first quarter. Millennium Management LLC now owns 2,299,778 shares of the restaurant operator’s stock worth $16,489,000 after acquiring an additional 1,268,988 shares during the last quarter. Federated Hermes Inc. raised its position in Bloomin’ Brands by 115.9% during the fourth quarter. Federated Hermes Inc. now owns 2,064,940 shares of the restaurant operator’s stock worth $12,741,000 after acquiring an additional 1,108,500 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Bloomin’ Brands by 84.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,208,122 shares of the restaurant operator’s stock valued at $11,924,000 after purchasing an additional 1,013,953 shares in the last quarter. Finally, Broad Bay Capital Management LP acquired a new stake in shares of Bloomin’ Brands in the fourth quarter valued at approximately $6,031,000.

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.