Bloomin’ Brands (NASDAQ:BLMN) Stock Gets Downgrade from Wall Street Zen

by · The Markets Daily

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

Other analysts have also issued reports about the stock. Piper Sandler upped their price target on shares of Bloomin’ Brands from $9.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Veritas Investment Research set a $13.00 price objective on shares of Bloomin’ Brands in a report on Tuesday, September 29th. JPMorgan Chase & Co. upgraded shares of Bloomin’ Brands from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $6.00 to $13.00 in a research note on Tuesday, September 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $11.00 target price on shares of Bloomin’ Brands in a report on Thursday, August 6th. Finally, Citigroup cut their target price on Bloomin’ Brands from $9.50 to $8.75 and set a “neutral” rating for the company in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Bloomin’ Brands has an average rating of “Hold” and a consensus target price of $10.60.

Read Our Latest Stock Report on BLMN

Bloomin’ Brands Price Performance

Shares of BLMN opened at $8.60 on Friday. The firm has a market capitalization 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 quick ratio of 0.18 and a current ratio of 0.25. Bloomin’ Brands has a one year low of $5.19 and a one year high of $12.63. The stock’s fifty day moving average is $9.51 and its 200-day moving average is $8.19.

Bloomin’ Brands (NASDAQ:BLMN – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The restaurant operator reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.10. The business had revenue of $1.02 billion for 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%. The company’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $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. Equities analysts anticipate that Bloomin’ Brands will post 0.96 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BLMN. Integrated Wealth Concepts LLC bought a new position in shares of Bloomin’ Brands in the second quarter valued at $156,000. IFP Advisors Inc lifted its position 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 valued at $46,000 after acquiring an additional 3,924 shares during the last quarter. Allworth Financial LP lifted its position in shares of Bloomin’ Brands by 146.3% during the 2nd quarter. Allworth Financial LP now owns 6,069 shares of the restaurant operator’s stock valued at $55,000 after acquiring an additional 3,605 shares during the last quarter. Corient Private Wealth LP bought a new stake in shares of Bloomin’ Brands during the 2nd quarter worth $131,000. Finally, HighTower Advisors LLC boosted its stake in shares of Bloomin’ Brands by 7.8% during the 2nd quarter. HighTower Advisors LLC now owns 24,844 shares of the restaurant operator’s stock worth $227,000 after acquiring 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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