Citigroup Has Lowered Expectations for Bloomin’ Brands (NASDAQ:BLMN) Stock Price

Bloomin’ Brands (NASDAQ:BLMN) had its target price reduced by stock analysts at Citigroup from $9.50 to $8.75 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s price objective would indicate a potential upside of 10.27% from the stock’s current price.

Several other equities research analysts also recently issued reports on the company. Barclays increased their price target on Bloomin’ Brands from $7.00 to $9.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. lowered 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. UBS Group increased their target price on 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 upgraded shares of Bloomin’ Brands from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, June 15th. Finally, The Goldman Sachs Group lifted their price target 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. Six investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $8.53.

Bloomin’ Brands Trading Down 3.1%

NASDAQ:BLMN traded down $0.26 during trading hours on Friday, hitting $7.93. 882,281 shares of the stock were exchanged, compared to its average volume of 2,559,400. The company’s 50 day moving average is $8.12 and its two-hundred day moving average is $7.05. 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 market capitalization of $679.32 million, a P/E ratio of 31.82, a price-to-earnings-growth ratio of 6.72 and a beta of 1.21. Bloomin’ Brands has a twelve month low of $5.19 and a twelve month high of $10.15.

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, 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%.The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.59 EPS. 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, sell-side analysts anticipate that Bloomin’ Brands will post 0.86 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bloomin’ Brands

A number of institutional investors and hedge funds have recently made changes to their positions in BLMN. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Bloomin’ Brands by 83,825.0% in the 2nd 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 last quarter. Quarry LP acquired a new position in Bloomin’ Brands during the fourth quarter worth $25,000. Hilton Head Capital Partners LLC acquired a new position in Bloomin’ Brands during the fourth quarter worth $31,000. PNC Financial Services Group Inc. raised its position in 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 worth $34,000 after acquiring an additional 1,662 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Bloomin’ Brands by 50.9% in the fourth quarter. GAMMA Investing LLC now owns 6,221 shares of the restaurant operator’s stock valued at $38,000 after acquiring an additional 2,099 shares during the last quarter.

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.