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

Bloomin’ Brands (NASDAQ:BLMN) was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research note issued on Friday, MarketBeat Ratings reports. They presently have a $6.00 target price on the restaurant operator’s stock. JPMorgan Chase & Co.‘s target price suggests a potential downside of 2.30% from the company’s current price.

A number of other equities analysts also recently issued reports on BLMN. Weiss Ratings reiterated a “sell (d)” rating on shares of Bloomin’ Brands in a research note on Friday, March 27th. Citigroup increased their price objective on shares of Bloomin’ Brands from $6.75 to $7.00 and gave the company a “neutral” rating in a research note on Thursday, February 26th. Seven analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $7.94.

Bloomin’ Brands Price Performance

Shares of BLMN stock opened at $6.14 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 company has a market capitalization of $523.40 million, a P/E ratio of 61.42, a P/E/G ratio of 3.00 and a beta of 1.12. The company’s 50-day simple moving average is $6.00 and its two-hundred day simple moving average is $6.61. Bloomin’ Brands has a one year low of $5.19 and a one year high of $10.70.

Bloomin’ Brands (NASDAQ:BLMN) last issued its earnings results on Wednesday, February 25th. The restaurant operator reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. The business had revenue of $975.22 million for the quarter, compared to the consensus estimate of $980.64 million. Bloomin’ Brands had a net margin of 0.21% and a return on equity of 26.26%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 EPS. 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, equities analysts anticipate that Bloomin’ Brands will post 0.85 EPS for the current year.

Insider Buying and Selling

In other news, Director Rohit Lal bought 10,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director directly owned 30,156 shares of the company’s stock, valued at approximately $171,587.64. The trade was a 49.61% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.18% of the stock is owned by insiders.

Institutional Investors Weigh In On Bloomin’ Brands

Hedge funds and other institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its position in 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 valued at $29,000 after acquiring an additional 3,353 shares during the last quarter. Quarry LP purchased a new position in shares of Bloomin’ Brands in the fourth quarter worth $25,000. Hilton Head Capital Partners LLC purchased a new position in shares of Bloomin’ Brands in the fourth quarter worth $31,000. PNC Financial Services Group Inc. raised its holdings 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 worth $34,000 after buying an additional 1,662 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Bloomin’ Brands by 50.9% in the fourth quarter. GAMMA Investing LLC now owns 6,221 shares of the restaurant operator’s stock worth $38,000 after buying 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.