Bloomin’ Brands, Inc. (NASDAQ:BLMN – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday following a better than expected earnings announcement. The stock traded as high as $11.63 and last traded at $12.0950, with a volume of 279501 shares changing hands. The stock had previously closed at $8.92.
The restaurant operator reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1 billion. Bloomin’ Brands had a net margin of 0.55% and a return on equity of 28.00%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 earnings per share. Bloomin’ Brands has set its FY 2026 guidance at 0.900-1.000 EPS and its Q3 2026 guidance at -0.270–0.220 EPS.
Wall Street Analyst Weigh In
Several analysts have recently commented on the company. JPMorgan Chase & Co. cut Bloomin’ Brands from a “neutral” rating to an “underweight” rating and set a $6.00 price target for the company. in a report on Friday, April 24th. UBS Group upped their price objective on Bloomin’ Brands from $6.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Sanford C. Bernstein set a $9.00 price objective on Bloomin’ Brands in a research report on Thursday, May 7th. Barclays raised their target price on Bloomin’ Brands from $7.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Finally, Citigroup lowered their price target on shares of Bloomin’ Brands from $9.50 to $8.75 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Six analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Bloomin’ Brands presently has a consensus rating of “Reduce” and an average price target of $8.53.
Institutional Investors Weigh In On Bloomin’ Brands
Institutional investors have recently modified their holdings of the company. Quarry LP purchased a new stake in shares of Bloomin’ Brands during the 4th quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. increased its stake in Bloomin’ Brands by 83,825.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,357 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 3,353 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new position in Bloomin’ Brands during the fourth quarter worth $31,000. PNC Financial Services Group Inc. raised its holdings in Bloomin’ Brands by 44.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,431 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 1,662 shares during the last quarter. Finally, Chicago Partners Investment Group LLC acquired a new position in Bloomin’ Brands during the first quarter worth $56,000.
Bloomin’ Brands Stock Performance
The stock has a 50-day simple moving average of $8.26 and a 200 day simple moving average of $7.14. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.26 and a quick ratio of 0.19. The company has a market capitalization of $1.04 billion, a PE ratio of 48.38, a P/E/G ratio of 7.21 and a beta of 1.22.
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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