Wall Street Zen Upgrades Bloomin’ Brands (NASDAQ:BLMN) to “Buy”

by · The Markets Daily

Bloomin’ Brands (NASDAQ:BLMN – Get Free Report) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Other research analysts also recently issued reports about the company. Veritas Investment Research set a $13.00 price target on Bloomin’ Brands in a report on Tuesday, September 29th. Citigroup decreased their price objective on Bloomin’ Brands from $12.75 to $12.25 and set a “neutral” rating on the stock in a report on Friday. Zacks Research downgraded Bloomin’ Brands from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $11.00 price objective on shares of Bloomin’ Brands in a research report on Thursday, August 6th. Finally, JPMorgan Chase & Co. upgraded Bloomin’ Brands from an “underweight” rating to a “neutral” rating and upped their target price for the company from $6.00 to $13.00 in a research note on Tuesday, September 29th. Eleven research analysts have rated the stock with a Hold rating. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $10.90.

Read Our Latest Report on BLMN

Bloomin’ Brands Stock Performance

Shares of NASDAQ BLMN opened at $9.20 on Friday. The company has a 50-day simple moving average of $9.32 and a 200-day simple moving average of $8.49. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.25 and a quick ratio of 0.18. The company has a market cap of $787.70 million, a PE ratio of 29.68, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26. Bloomin’ Brands has a 12 month low of $5.19 and a 12 month high of $12.63.

Bloomin’ Brands (NASDAQ:BLMN – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The restaurant operator reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.10. Bloomin’ Brands had a net margin of 0.70% and a return on equity of 28.95%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the firm posted $0.32 earnings per share. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. 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. On average, equities analysts anticipate that Bloomin’ Brands will post 0.96 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Bloomin’ Brands during the second quarter valued at about $62,563,000. Miller Value Partners LLC acquired a new position in shares of Bloomin’ Brands in the 2nd quarter valued at about $23,635,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Bloomin’ Brands by 79.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,908,998 shares of the restaurant operator’s stock valued at $21,109,000 after purchasing an additional 1,736,001 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of 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 purchasing an additional 1,013,953 shares during the period. Finally, Prosperitas Financial LLC purchased a new stake in shares of Bloomin’ Brands during the 2nd quarter worth about $6,289,000.

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 restaurant concepts. Its principal brands include Outback Steakhouse, known for steaks and other Australian-inspired dishes; Carrabba’s Italian Grill, which serves Italian-American cuisine; Bonefish Grill, focused on seafood and contemporary dishes; and Fleming’s Prime Steakhouse & Wine Bar.

The company’s restaurants offer a range of dine-in, takeout, delivery and catering services, with menus generally centered on full-service meals, specialty beverages and hospitality-oriented dining experiences.

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