Bloomin’ Brands (NASDAQ:BLMN) Shares Gap Up – Should You Buy?

by · The Markets Daily

Bloomin’ Brands, Inc. (NASDAQ:BLMN – Get Free Report)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $8.55, but opened at $8.79. Bloomin’ Brands shares last traded at $8.4860, with a volume of 58,878 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BLMN. Morgan Stanley increased their price objective on shares of Bloomin’ Brands from $8.00 to $12.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. Zacks Research upgraded shares of Bloomin’ Brands from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Weiss Ratings lowered Bloomin’ Brands from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, August 19th. Citigroup cut their price target on Bloomin’ Brands from $9.50 to $8.75 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $11.00 price objective on shares of Bloomin’ Brands in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Bloomin’ Brands presently has a consensus rating of “Hold” and a consensus target price of $9.75.

View Our Latest Stock Analysis on BLMN

Bloomin’ Brands Stock Down 3.5%

The firm’s 50 day moving average price is $9.58 and its two-hundred day moving average price is $7.98. The firm has a market cap of $706.79 million, a price-to-earnings ratio of 26.73, a P/E/G ratio of 2.20 and a beta of 1.23. 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 earnings results on Wednesday, August 5th. The restaurant operator reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10. Bloomin’ Brands had a return on equity of 28.95% and a net margin of 0.70%.The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the business posted $0.32 EPS. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. 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. As a group, sell-side analysts forecast that Bloomin’ Brands, Inc. will post 0.98 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bloomin’ Brands

A number of hedge funds and other institutional investors have recently modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Bloomin’ Brands during the second quarter worth about $1,105,000. Landscape Capital Management L.L.C. acquired a new position in shares of Bloomin’ Brands in the 2nd quarter valued at about $1,198,000. Ieq Capital LLC acquired a new stake in Bloomin’ Brands during the 2nd quarter worth approximately $2,474,000. Dimensional Fund Advisors LP grew its stake in Bloomin’ Brands by 84.9% during the first 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 period. Finally, Renaissance Technologies LLC lifted its stake in shares of Bloomin’ Brands by 77.1% during the first quarter. Renaissance Technologies LLC now owns 369,796 shares of the restaurant operator’s stock worth $1,997,000 after purchasing an additional 160,942 shares in the last quarter.

About Bloomin’ Brands

(Get Free Report)

Bloomin’ Brands, Inc is a restaurant company that owns, operates and franchises a portfolio of casual dining and upscale-casual restaurant concepts. Its brands include Outback Steakhouse, known for steaks and other Australian-inspired menu offerings; Carrabba’s Italian Grill, which specializes in Italian-American cuisine; Bonefish Grill, focused on seafood and grilled dishes; and Fleming’s Prime Steakhouse & Wine Bar, which offers prime steaks, seafood and wine. The company also operates additional concepts, including Aussie Grill and Tender Shack.

Bloomin’ Brands serves customers primarily in the United States, with restaurants and franchise operations in select international markets.

Further Reading