Bloomin’ Brands (NASDAQ:BLMN) Stock Rating Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Bloomin’ Brands (NASDAQ:BLMN – Free Report) from a buy rating to a hold rating in a research report report published on Saturday morning,Wall Street Zen reports.

A number of other equities analysts have also issued reports on BLMN. Zacks Research raised Bloomin’ Brands from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Morgan Stanley upped their price objective on Bloomin’ Brands from $8.00 to $12.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. Veritas Investment Research set a $13.00 price objective on Bloomin’ Brands in a research report on Tuesday, September 29th. JPMorgan Chase & Co. upgraded Bloomin’ Brands from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $6.00 to $13.00 in a research note on Tuesday, September 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $11.00 target price on shares of Bloomin’ Brands in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $10.60.

Read Our Latest Research Report on BLMN

Bloomin’ Brands Stock Up 1.4%

BLMN stock opened at $8.60 on Friday. The company has a fifty day moving average price of $9.51 and a 200 day moving average price of $8.17. Bloomin’ Brands has a 12 month low of $5.19 and a 12 month high of $12.63. The company has a market cap of $736.33 million, a price-to-earnings ratio of 27.74, a price-to-earnings-growth ratio of 2.25 and a beta of 1.26. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.25 and a quick ratio of 0.18.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BLMN. Integrated Wealth Concepts LLC acquired a new stake in Bloomin’ Brands in the second quarter valued at about $156,000. IFP Advisors Inc raised its stake in shares of Bloomin’ Brands by 357.4% during the 2nd quarter. IFP Advisors Inc now owns 5,022 shares of the restaurant operator’s stock worth $46,000 after buying an additional 3,924 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Bloomin’ Brands by 146.3% in the 2nd quarter. Allworth Financial LP now owns 6,069 shares of the restaurant operator’s stock valued at $55,000 after buying an additional 3,605 shares during the period. Corient Private Wealth LP acquired a new stake in shares of Bloomin’ Brands in the 2nd quarter valued at approximately $131,000. Finally, HighTower Advisors LLC boosted its stake in shares of Bloomin’ Brands by 7.8% in the second quarter. HighTower Advisors LLC now owns 24,844 shares of the restaurant operator’s stock valued at $227,000 after buying an additional 1,808 shares in the last quarter.

About Bloomin’ Brands

(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.

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Analyst Recommendations for Bloomin' Brands (NASDAQ:BLMN)

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