Bloomin’ Brands (NASDAQ:BLMN) Share Price Passes Above 200-Day Moving Average – Here’s Why

Bloomin’ Brands, Inc. (NASDAQ:BLMN) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.01 and traded as high as $8.69. Bloomin’ Brands shares last traded at $8.34, with a volume of 1,486,338 shares changing hands.

Analysts Set New Price Targets

Several brokerages recently issued reports on BLMN. Sanford C. Bernstein set a $9.00 target price on shares of Bloomin’ Brands in a report on Thursday, May 7th. Wall Street Zen lowered shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Barclays increased their price target on Bloomin’ Brands from $7.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Citigroup lifted their price objective on Bloomin’ Brands from $6.75 to $9.50 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Weiss Ratings upgraded Bloomin’ Brands from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 15th. Six research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $8.62.

Bloomin’ Brands Stock Down 0.2%

The business’s 50 day moving average is $8.12 and its 200 day moving average is $7.02. The company has a quick ratio of 0.19, a current ratio of 0.26 and a debt-to-equity ratio of 1.89. The company has a market cap of $720.84 million, a P/E ratio of 33.68, a P/E/G ratio of 6.65 and a beta of 1.21.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.10. Bloomin’ Brands had a net margin of 0.55% and a return on equity of 28.00%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the business earned $0.59 earnings per share. The business’s quarterly 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 anticipate that Bloomin’ Brands, Inc. will post 0.86 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Quarry LP acquired a new stake in shares of Bloomin’ Brands during the 4th quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. raised its position in Bloomin’ Brands by 83,825.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,357 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 3,353 shares during the period. Hilton Head Capital Partners LLC purchased a new position in Bloomin’ Brands in the 4th quarter valued at about $31,000. PNC Financial Services Group Inc. boosted its stake in shares of Bloomin’ Brands by 44.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,431 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 1,662 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Bloomin’ Brands by 50.9% during the 4th quarter. GAMMA Investing LLC now owns 6,221 shares of the restaurant operator’s stock worth $38,000 after purchasing an additional 2,099 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.