Bloomin’ Brands (NASDAQ:BLMN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Bloomin’ Brands (NASDAQ:BLMN) from a hold rating to a buy rating in a research note released on Saturday morning.

A number of other analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $11.00 price objective on shares of Bloomin’ Brands in a research report on Thursday. BMO Capital Markets reissued a “market perform” rating and set a $12.00 target price on shares of Bloomin’ Brands in a research note on Thursday. JPMorgan Chase & Co. downgraded Bloomin’ Brands from a “neutral” rating to an “underweight” rating and set a $6.00 price target on the stock. in a report on Friday, April 24th. Morgan Stanley increased their price target on Bloomin’ Brands from $8.00 to $12.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, The Goldman Sachs Group increased their price target on Bloomin’ Brands from $6.00 to $8.50 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Ten equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Bloomin’ Brands currently has an average rating of “Reduce” and an average price target of $9.75.

Bloomin’ Brands Trading Up 0.6%

NASDAQ BLMN opened at $11.02 on Friday. The firm has a 50 day simple moving average of $8.49 and a 200-day simple moving average of $7.24. 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 firm has a market cap of $943.42 million, a price-to-earnings ratio of 35.55, a PEG ratio of 2.89 and a beta of 1.22.

Bloomin’ Brands (NASDAQ:BLMN) last announced 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 during 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 business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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 research analysts anticipate that Bloomin’ Brands will post 0.95 EPS for the current fiscal year.

Institutional Investors Weigh In On Bloomin’ Brands

Institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new position in Bloomin’ Brands in the second quarter valued at $62,563,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Bloomin’ Brands by 79.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,908,998 shares of the restaurant operator’s stock worth $21,109,000 after acquiring an additional 1,736,001 shares in the last quarter. State Street Corp boosted its position in shares of Bloomin’ Brands by 1.8% during the 4th quarter. State Street Corp now owns 3,400,106 shares of the restaurant operator’s stock worth $20,979,000 after acquiring an additional 58,722 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Bloomin’ Brands by 69.9% in the 3rd quarter. Millennium Management LLC now owns 2,590,098 shares of the restaurant operator’s stock valued at $18,571,000 after acquiring an additional 1,065,842 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Bloomin’ Brands by 12.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,409,123 shares of the restaurant operator’s stock valued at $14,864,000 after acquiring an additional 269,746 shares during the last quarter.

Bloomin’ Brands Company Profile

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.