Bloomin’ Brands (NASDAQ:BLMN) Stock Falls 5% – Here’s Why

Posted by Brenda Bartman on Oct 21st, 2026

Bloomin’ Brands, Inc. (NASDAQ:BLMN – Get Free Report)’s share price was down 5% on Wednesday. The company traded as low as $9.87 and last traded at $9.8250. Approximately 249,143 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 2,486,458 shares. The stock had previously closed at $10.34.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Wall Street Zen downgraded Bloomin’ Brands from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. BMO Capital Markets reaffirmed a “market perform” rating and set a $12.00 target price on shares of Bloomin’ Brands in a research report on Thursday, August 6th. Weiss Ratings upgraded Bloomin’ Brands from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 14th. Morgan Stanley raised their price target on Bloomin’ Brands from $8.00 to $12.00 and gave the stock an “equal weight” rating in a report on Thursday, August 6th. Finally, Citigroup lowered their price target on Bloomin’ Brands from $9.50 to $8.75 and set a “neutral” rating for the company in a report on Friday, July 24th. Eleven investment analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $10.60.

Check Out Our Latest Research Report on Bloomin’ Brands

Bloomin’ Brands Price Performance

The company has a market cap of $858.43 million, a PE ratio of 32.34, a price-to-earnings-growth ratio of 2.60 and a beta of 1.26. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.18 and a current ratio of 0.25. The stock has a 50 day moving average of $9.39 and a 200-day moving average of $8.40.

Bloomin’ Brands (NASDAQ:BLMN – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The restaurant operator reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1 billion. Bloomin’ Brands had a return on equity of 28.95% and a net margin of 0.70%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.32 EPS. 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. Equities analysts predict that Bloomin’ Brands, Inc. will post 0.96 earnings per share for the current year.

Institutional Investors Weigh In On Bloomin’ Brands

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Bloomin’ Brands in the second quarter valued at approximately $62,563,000. Miller Value Partners LLC acquired a new position in Bloomin’ Brands in the 2nd quarter worth approximately $23,635,000. Arrowstreet Capital Limited Partnership raised its position in Bloomin’ Brands by 79.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,908,998 shares of the restaurant operator’s stock worth $21,109,000 after buying an additional 1,736,001 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Bloomin’ Brands by 84.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,208,122 shares of the restaurant operator’s stock worth $11,924,000 after buying an additional 1,013,953 shares during the last quarter. Finally, Prosperitas Financial LLC purchased a new position in Bloomin’ Brands during the 2nd quarter worth approximately $6,289,000.

Bloomin’ Brands Company Profile

(Get Free Report)

Bloomin’ Brands, Inc is a restaurant company that owns and operates a portfolio of casual dining and upscale casual dining brands. Its best-known concept is Outback Steakhouse, which specializes in steaks, seafood, chicken, burgers and other American-style dishes with an Australian-inspired theme.

The company’s other restaurant brands include Carrabba’s Italian Grill, which serves Italian-American cuisine; Bonefish Grill, focused on seafood and wood-grilled specialties; and Fleming’s Prime Steakhouse & Wine Bar, an upscale steakhouse concept.