Bloomin’ Brands (NASDAQ:BLMN) Price Target Lowered to $8.75 at Citigroup

Bloomin’ Brands (NASDAQ:BLMN) had its price objective cut by Citigroup from $9.50 to $8.75 in a report issued on Friday morning,Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

BLMN has been the topic of a number of other reports. Sanford C. Bernstein set a $9.00 price objective on Bloomin’ Brands in a report on Thursday, May 7th. UBS Group boosted their target price on shares of Bloomin’ Brands from $6.00 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Wall Street Zen lowered shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings upgraded Bloomin’ Brands from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, June 15th. Finally, Barclays boosted their price objective on Bloomin’ Brands from $7.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Six research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $8.53.

Bloomin’ Brands Stock Down 3.1%

BLMN stock opened at $7.94 on Friday. The firm has a 50 day moving average of $8.12 and a 200 day moving average of $7.06. The stock has a market capitalization of $679.74 million, a PE ratio of 31.76, a price-to-earnings-growth ratio of 6.53 and a beta of 1.21. The company has a quick ratio of 0.19, a current ratio of 0.26 and a debt-to-equity ratio of 1.89. Bloomin’ Brands has a 52 week low of $5.19 and a 52 week high of $10.15.

Bloomin’ Brands (NASDAQ:BLMN) last released its earnings results 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. Bloomin’ Brands had a net margin of 0.55% and a return on equity of 28.00%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the firm earned $0.59 EPS. Bloomin’ Brands’s revenue was up 1.0% compared to the same quarter last year. 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. Sell-side analysts forecast that Bloomin’ Brands will post 0.86 earnings per share for the current year.

Institutional Investors Weigh In On Bloomin’ Brands

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP acquired a new position in shares of Bloomin’ Brands in the 4th quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. boosted its position 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 worth $29,000 after buying an additional 3,353 shares during the period. Hilton Head Capital Partners LLC acquired a new stake in shares of Bloomin’ Brands in the fourth quarter valued at $31,000. PNC Financial Services Group Inc. grew its stake in shares of Bloomin’ Brands by 44.1% in 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 in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Bloomin’ Brands by 50.9% in the 4th 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.

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.