Bloomin’ Brands (NASDAQ:BLMN) Stock Rating Lowered by JPMorgan Chase & Co.

Bloomin’ Brands (NASDAQ:BLMN) was downgraded by JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a note issued to investors on Friday, Marketbeat.com reports. They presently have a $6.00 price target on the restaurant operator’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential downside of 2.12% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Citigroup raised their target price on Bloomin’ Brands from $6.75 to $7.00 and gave the company a “neutral” rating in a report on Thursday, February 26th. Weiss Ratings reissued a “sell (d)” rating on shares of Bloomin’ Brands in a report on Friday, March 27th. Seven research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $7.94.

Bloomin’ Brands Price Performance

Shares of NASDAQ BLMN opened at $6.13 on Friday. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.31 and a quick ratio of 0.24. The stock has a fifty day moving average price of $6.00 and a 200 day moving average price of $6.60. Bloomin’ Brands has a 1-year low of $5.19 and a 1-year high of $10.70. The company has a market cap of $522.45 million, a PE ratio of 61.31, a P/E/G ratio of 2.90 and a beta of 1.12.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings results on Wednesday, February 25th. The restaurant operator reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.01. Bloomin’ Brands had a return on equity of 26.26% and a net margin of 0.21%.The firm had revenue of $975.22 million during the quarter, compared to the consensus estimate of $980.64 million. During the same period last year, the company earned $0.38 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis. Bloomin’ Brands has set its Q1 2026 guidance at 0.570-0.620 EPS and its FY 2026 guidance at 0.750-0.900 EPS. Sell-side analysts forecast that Bloomin’ Brands will post 0.85 EPS for the current year.

Insider Buying and Selling

In other Bloomin’ Brands news, Director Rohit Lal bought 10,000 shares of Bloomin’ Brands stock in a transaction on Wednesday, March 11th. The stock was bought at an average price of $5.69 per share, with a total value of $56,900.00. Following the completion of the acquisition, the director owned 30,156 shares in the company, valued at $171,587.64. The trade was a 49.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.18% of the company’s stock.

Institutional Investors Weigh In On Bloomin’ Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp raised its stake in shares of Bloomin’ Brands by 1.8% during the 4th quarter. State Street Corp now owns 3,400,106 shares of the restaurant operator’s stock worth $20,979,000 after buying an additional 58,722 shares during the last quarter. Millennium Management LLC raised its stake in shares of Bloomin’ Brands by 69.9% during the 3rd quarter. Millennium Management LLC now owns 2,590,098 shares of the restaurant operator’s stock worth $18,571,000 after buying an additional 1,065,842 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Bloomin’ Brands by 12.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,409,123 shares of the restaurant operator’s stock worth $14,864,000 after buying an additional 269,746 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of Bloomin’ Brands by 115.9% during the 4th quarter. Federated Hermes Inc. now owns 2,064,940 shares of the restaurant operator’s stock worth $12,741,000 after buying an additional 1,108,500 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Bloomin’ Brands by 12.4% during the 4th quarter. Geode Capital Management LLC now owns 1,940,257 shares of the restaurant operator’s stock worth $11,973,000 after buying an additional 213,932 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.