Bloomin’ Brands, Inc. (NASDAQ:BLMN) Receives Average Rating of “Reduce” from Analysts

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) have been assigned an average rating of “Reduce” from the nine brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating and eight have given a hold rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $8.4375.

Several analysts recently issued reports on the stock. Loop Capital set a $10.00 price objective on shares of Bloomin’ Brands in a report on Tuesday, December 16th. Citigroup increased their target price on shares of Bloomin’ Brands from $6.75 to $7.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Bloomin’ Brands in a research note on Monday, December 29th.

Insider Transactions at Bloomin’ Brands

In other news, Director Rohit Lal purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were bought at an average cost of $5.69 per share, for a total transaction of $56,900.00. Following the completion of the purchase, the director directly owned 30,156 shares of the company’s stock, valued at approximately $171,587.64. This trade represents 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 at this link. 1.18% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Bloomin’ Brands

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada increased its stake in Bloomin’ Brands by 50.4% during the first quarter. Royal Bank of Canada now owns 333,693 shares of the restaurant operator’s stock worth $2,393,000 after purchasing an additional 111,801 shares during the period. AQR Capital Management LLC grew its holdings in shares of Bloomin’ Brands by 156.1% in the first quarter. AQR Capital Management LLC now owns 591,373 shares of the restaurant operator’s stock valued at $4,240,000 after purchasing an additional 360,450 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Bloomin’ Brands by 6.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,395 shares of the restaurant operator’s stock worth $333,000 after buying an additional 2,622 shares during the period. Millennium Management LLC lifted its holdings in Bloomin’ Brands by 123.1% during the 1st quarter. Millennium Management LLC now owns 2,299,778 shares of the restaurant operator’s stock worth $16,489,000 after buying an additional 1,268,988 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Bloomin’ Brands by 4.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,048,497 shares of the restaurant operator’s stock valued at $7,518,000 after buying an additional 43,329 shares during the period.

Bloomin’ Brands Trading Down 4.7%

Shares of Bloomin’ Brands stock opened at $5.26 on Friday. The stock has a 50 day moving average of $6.30 and a 200 day moving average of $6.75. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.24 and a current ratio of 0.31. The firm has a market capitalization of $448.31 million, a price-to-earnings ratio of 52.61, a PEG ratio of 2.49 and a beta of 1.12. Bloomin’ Brands has a fifty-two week low of $5.21 and a fifty-two week high of $10.70.

Bloomin’ Brands (NASDAQ:BLMN) last posted its earnings results on Wednesday, February 25th. The restaurant operator reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. Bloomin’ Brands had a return on equity of 26.26% and a net margin of 0.21%.The company had revenue of $975.22 million for the quarter, compared to the consensus estimate of $980.64 million. During the same quarter in the previous year, the business 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. As a group, research analysts predict that Bloomin’ Brands will post 1.8 earnings per share for the current year.

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.