Citigroup Cuts Bloomin’ Brands (NASDAQ:BLMN) Price Target to $8.75

Bloomin’ Brands (NASDAQ:BLMN) had its target price reduced by Citigroup from $9.50 to $8.75 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

A number of other analysts have also recently issued reports on the company. UBS Group increased their target price on Bloomin’ Brands from $6.00 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings raised shares of Bloomin’ Brands from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, June 15th. JPMorgan Chase & Co. cut shares of Bloomin’ Brands from a “neutral” rating to an “underweight” rating and set a $6.00 price target for the company. in a report on Friday, April 24th. The Goldman Sachs Group increased their price objective on shares of Bloomin’ Brands from $6.00 to $8.50 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Barclays raised their price objective on shares of Bloomin’ Brands from $7.00 to $9.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Six investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Bloomin’ Brands presently has an average rating of “Reduce” and a consensus price target of $8.53.

Bloomin’ Brands Price Performance

NASDAQ:BLMN opened at $7.94 on Friday. Bloomin’ Brands has a 1 year low of $5.19 and a 1 year high of $10.15. The stock has a 50-day moving average price of $8.12 and a two-hundred day moving average price of $7.06. The stock has a market cap of $679.74 million, a price-to-earnings ratio of 31.76, a PEG ratio of 6.33 and a beta of 1.21. The company has a current ratio of 0.26, a quick ratio of 0.19 and a debt-to-equity ratio of 1.89.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.10. Bloomin’ Brands had a return on equity of 28.00% and a net margin of 0.55%.The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the firm posted $0.59 earnings per share. Bloomin’ Brands’s revenue was up 1.0% compared to the same quarter last year. Bloomin’ Brands has set its FY 2026 guidance at 0.750-0.900 EPS and its Q2 2026 guidance at 0.270-0.320 EPS. As a group, equities analysts expect that Bloomin’ Brands will post 0.86 earnings per share for the current year.

Institutional Investors Weigh In On Bloomin’ Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of BLMN. Arrowstreet Capital Limited Partnership lifted its position in shares of Bloomin’ Brands by 79.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,908,998 shares of the restaurant operator’s stock worth $21,109,000 after purchasing an additional 1,736,001 shares in the last quarter. Millennium Management LLC boosted its holdings in Bloomin’ Brands by 123.1% during the first quarter. Millennium Management LLC now owns 2,299,778 shares of the restaurant operator’s stock worth $16,489,000 after purchasing an additional 1,268,988 shares during the last quarter. Federated Hermes Inc. grew its position in Bloomin’ Brands by 115.9% in the fourth quarter. Federated Hermes Inc. now owns 2,064,940 shares of the restaurant operator’s stock valued at $12,741,000 after purchasing an additional 1,108,500 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Bloomin’ Brands by 84.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,208,122 shares of the restaurant operator’s stock valued at $11,924,000 after purchasing an additional 1,013,953 shares in the last quarter. Finally, Broad Bay Capital Management LP bought a new position in Bloomin’ Brands in the fourth quarter valued at $6,031,000.

About Bloomin’ Brands

Bloomin’ Brands, Inc engages in the ownership, operation and franchising of casual dining restaurants worldwide. The company’s portfolio includes five full-service restaurant chains: Outback Steakhouse, known for its Australian-inspired steakhouse concept; Carrabba’s Italian Grill, offering Italian-American cuisine; Bonefish Grill, specializing in handcrafted seafood dishes; Fleming’s Prime Steakhouse & Wine Bar, focusing on premium steak and wine experiences; and Aussie Grill by Outback, featuring a streamlined menu of signature items.