Bloomin’ Brands, Inc. (NASDAQ:BLMN – Get Free Report)’s stock price dropped 5.5% on Monday . The stock traded as low as $8.31 and last traded at $8.2250. Approximately 98,519 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 2,649,418 shares. The stock had previously closed at $8.70.
Analysts Set New Price Targets
BLMN has been the subject of a number of recent research reports. JPMorgan Chase & Co. downgraded shares of Bloomin’ Brands from a “neutral” rating to an “underweight” rating and set a $6.00 price target for the company. in a research note on Friday, April 24th. Sanford C. Bernstein set a $9.00 price objective on shares of Bloomin’ Brands in a research report on Thursday, May 7th. Citigroup raised their price objective on shares of Bloomin’ Brands from $6.75 to $9.50 and gave the company a “neutral” rating in a report on Thursday, May 7th. Wall Street Zen cut shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Finally, The Goldman Sachs Group boosted their target price on shares of Bloomin’ Brands from $6.00 to $8.50 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Seven research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $8.78.
View Our Latest Report on Bloomin’ Brands
Bloomin’ Brands Price Performance
Bloomin’ Brands (NASDAQ:BLMN – Get Free Report) last announced its earnings results on Wednesday, May 6th. The restaurant operator reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.10. Bloomin’ Brands had a net margin of 0.55% and a return on equity of 28.00%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the firm posted $0.59 earnings per share. The company’s revenue for the quarter 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. On average, equities research analysts expect that Bloomin’ Brands, Inc. will post 0.88 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its stake in shares of 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 buying an additional 111,801 shares during the period. AQR Capital Management LLC lifted its position in Bloomin’ Brands by 156.1% during the 1st quarter. AQR Capital Management LLC now owns 591,373 shares of the restaurant operator’s stock worth $4,240,000 after acquiring an additional 360,450 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 acquiring an additional 2,622 shares during the period. Millennium Management LLC grew its stake in shares of Bloomin’ Brands by 123.1% in the 1st quarter. Millennium Management LLC now owns 2,299,778 shares of the restaurant operator’s stock valued at $16,489,000 after purchasing an additional 1,268,988 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of 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 purchasing an additional 43,329 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.
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