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

by · The Markets Daily

Bloomin’ Brands, Inc. (NASDAQ:BLMN – Get Free Report) traded down 5% on Wednesday. The stock traded as low as $9.87 and last traded at $9.8250. 249,143 shares were traded during trading, a decline of 90% from the average daily volume of 2,486,458 shares. The stock had previously closed at $10.34.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BLMN. Zacks Research cut shares of Bloomin’ Brands from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 16th. Citigroup decreased 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. Wall Street Zen downgraded Bloomin’ Brands from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. Weiss Ratings upgraded Bloomin’ Brands from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 14th. Finally, Morgan Stanley raised 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. Eleven equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.60.

Read Our Latest Research Report on Bloomin’ Brands

Bloomin’ Brands Stock Up 2.2%

The firm has a market cap of $879.32 million, a P/E ratio of 7.79, a price-to-earnings-growth ratio of 2.63 and a beta of 1.26. The stock’s 50 day simple moving average is $9.35 and its 200 day simple moving average is $8.46. 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 (NASDAQ:BLMN – Get Free Report) last released 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 firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1 billion. Bloomin’ Brands had a net margin of 0.70% and a return on equity of 28.95%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the firm 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. Research analysts anticipate that Bloomin’ Brands, Inc. will post 0.96 EPS for the current year.

Hedge Funds Weigh In On Bloomin’ Brands

Hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue bought a new stake in Bloomin’ Brands during the 3rd quarter worth approximately $37,000. IFP Advisors Inc lifted its holdings in shares of Bloomin’ Brands by 357.4% in the second quarter. IFP Advisors Inc now owns 5,022 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 3,924 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Bloomin’ Brands by 148.2% in the third quarter. Nisa Investment Advisors LLC now owns 5,265 shares of the restaurant operator’s stock valued at $41,000 after purchasing an additional 3,144 shares in the last quarter. Allworth Financial LP bought a new position in shares of Bloomin’ Brands in the second quarter valued at approximately $55,000. Finally, Quantbot Technologies LP purchased a new position in shares of Bloomin’ Brands during the second quarter valued at approximately $58,000.

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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