Bloomin’ Brands (NASDAQ:BLMN) Given New $9.00 Price Target at Barclays

Bloomin’ Brands (NASDAQ:BLMN) had its price target lifted by Barclays from $7.00 to $9.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have an equal weight rating on the restaurant operator’s stock.

Other equities analysts have also recently issued reports about the stock. UBS Group boosted their target price on shares of Bloomin’ Brands from $6.00 to $9.00 and gave the company a “neutral” rating in a research report on Thursday. Weiss Ratings reissued a “sell (d)” rating on shares of Bloomin’ Brands in a research note on Friday, March 27th. Citigroup boosted their price objective on shares of Bloomin’ Brands from $6.75 to $7.00 and gave the company a “neutral” rating in a research report on Thursday, February 26th. JPMorgan Chase & Co. cut 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. Finally, Sanford C. Bernstein set a $9.00 target price on Bloomin’ Brands in a research report on Thursday. Seven analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Bloomin’ Brands has a consensus rating of “Reduce” and a consensus target price of $8.78.

Bloomin’ Brands Stock Performance

Shares of BLMN traded up $0.24 during mid-day trading on Thursday, hitting $8.19. 1,467,259 shares of the company’s stock were exchanged, compared to its average volume of 2,745,877. The firm has a market cap of $697.61 million, a price-to-earnings ratio of 32.66, a price-to-earnings-growth ratio of 6.86 and a beta of 1.10. Bloomin’ Brands has a 52 week low of $5.19 and a 52 week high of $10.70. The company has a quick ratio of 0.24, a current ratio of 0.31 and a debt-to-equity ratio of 2.34. The stock’s 50-day simple moving average is $6.03 and its 200-day simple moving average is $6.55.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.10. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Bloomin’ Brands had a return on equity of 28.70% and a net margin of 0.55%.The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.59 EPS. 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. On average, equities research analysts expect that Bloomin’ Brands will post 0.82 EPS for the current year.

Insider Activity

In related news, Director Rohit Lal bought 10,000 shares of Bloomin’ Brands stock in a transaction that occurred on Wednesday, March 11th. The shares were acquired at an average cost of $5.69 per share, for a total transaction of $56,900.00. Following the completion of the acquisition, the director directly owned 30,156 shares of the company’s stock, valued at approximately $171,587.64. The trade was a 49.61% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 1.18% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BLMN. Federated Hermes Inc. boosted its stake in Bloomin’ Brands by 201,255.8% during the third quarter. Federated Hermes Inc. now owns 956,440 shares of the restaurant operator’s stock worth $6,858,000 after acquiring an additional 955,965 shares in the last quarter. SG Americas Securities LLC raised its stake in Bloomin’ Brands by 790.6% during the 3rd quarter. SG Americas Securities LLC now owns 148,219 shares of the restaurant operator’s stock worth $1,063,000 after buying an additional 131,577 shares during the period. Counterpoint Mutual Funds LLC grew its position in Bloomin’ Brands by 1,069.7% in the 3rd quarter. Counterpoint Mutual Funds LLC now owns 431,359 shares of the restaurant operator’s stock valued at $3,093,000 after purchasing an additional 394,480 shares during the period. Y Intercept Hong Kong Ltd increased its stake in Bloomin’ Brands by 121.0% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 260,905 shares of the restaurant operator’s stock valued at $1,871,000 after purchasing an additional 142,870 shares in the last quarter. Finally, Intech Investment Management LLC increased its stake in Bloomin’ Brands by 41.6% during the 3rd quarter. Intech Investment Management LLC now owns 365,845 shares of the restaurant operator’s stock valued at $2,623,000 after purchasing an additional 107,489 shares in the last quarter.

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.