Bloomin’ Brands (NASDAQ:BLMN) Trading Down 5.9% – Here’s What Happened

Bloomin’ Brands, Inc. (NASDAQ:BLMN)’s share price was down 5.9% on Tuesday . The company traded as low as $8.51 and last traded at $8.3850. Approximately 74,323 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 2,451,992 shares. The stock had previously closed at $8.91.

Analyst Upgrades and Downgrades

BLMN has been the subject of a number of analyst reports. Wall Street Zen raised shares of Bloomin’ Brands from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $11.00 price objective on shares of Bloomin’ Brands in a research note on Thursday, August 6th. Weiss Ratings downgraded Bloomin’ Brands from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 19th. BMO Capital Markets restated a “market perform” rating and set a $12.00 price objective on shares of Bloomin’ Brands in a research report on Thursday, August 6th. Finally, Piper Sandler raised their price objective on Bloomin’ Brands from $9.00 to $12.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $9.75.

Bloomin’ Brands Price Performance

The firm has a market cap of $688.38 million, a P/E ratio of 25.94, a PEG ratio of 2.06 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. The stock’s 50-day simple moving average is $9.58 and its two-hundred day simple moving average is $7.91.

Bloomin’ Brands (NASDAQ:BLMN) last released its earnings results on Wednesday, August 5th. The restaurant operator reported $0.39 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the business earned $0.32 EPS. The business’s revenue 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. Equities research analysts forecast that Bloomin’ Brands, Inc. will post 0.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BLMN. Integrated Wealth Concepts LLC purchased a new stake in shares of Bloomin’ Brands in the second quarter worth approximately $156,000. IFP Advisors Inc boosted its holdings in 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 period. Allworth Financial LP boosted its holdings in 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 period. Corient Private Wealth LP bought a new position in Bloomin’ Brands in the 2nd quarter valued at $131,000. Finally, HighTower Advisors LLC grew its position in Bloomin’ Brands by 7.8% in the 2nd quarter. HighTower Advisors LLC now owns 24,844 shares of the restaurant operator’s stock valued at $227,000 after acquiring an additional 1,808 shares during the last quarter.

Bloomin’ Brands Company Profile

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.