Bloomin’ Brands (NASDAQ:BLMN) Stock Moved Up to “Neutral” by JPMorgan Chase & Co.

Bloomin’ Brands (NASDAQ:BLMN) was upgraded by equities researchers at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a report issued on Tuesday, Marketbeat Ratings reports. The firm presently has a $13.00 price objective on the restaurant operator’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 64.35% from the stock’s previous close.

Several other research analysts also recently commented on BLMN. Citigroup cut their price target on shares of Bloomin’ Brands from $9.50 to $8.75 and set a “neutral” rating for the company in a report on Friday, July 24th. Wall Street Zen upgraded Bloomin’ Brands from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings lowered Bloomin’ Brands from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 19th. Morgan Stanley boosted their price target on shares of Bloomin’ Brands from $8.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 6th. Finally, Piper Sandler upped their price objective on Bloomin’ Brands from $9.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $10.60.

Bloomin’ Brands Price Performance

BLMN stock opened at $7.91 on Tuesday. The firm has a 50 day moving average of $9.55 and a 200-day moving average of $8.03. The company has a current ratio of 0.25, a quick ratio of 0.18 and a debt-to-equity ratio of 1.62. Bloomin’ Brands has a 12 month low of $5.19 and a 12 month high of $12.63. The firm has a market capitalization of $677.25 million, a P/E ratio of 25.52, a price-to-earnings-growth ratio of 2.03 and a beta of 1.23.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings data on Wednesday, August 5th. The restaurant operator reported $0.39 EPS for the quarter, beating the consensus estimate of $0.29 by $0.10. The company 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%. Bloomin’ Brands’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $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. As a group, sell-side analysts predict that Bloomin’ Brands will post 0.98 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bloomin’ Brands

Several institutional investors and hedge funds have recently modified their holdings of the stock. Integrated Wealth Concepts LLC purchased a new stake in Bloomin’ Brands in the second quarter worth about $156,000. IFP Advisors Inc boosted its stake in Bloomin’ Brands by 357.4% in the 2nd quarter. IFP Advisors Inc now owns 5,022 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 3,924 shares in the last quarter. Allworth Financial LP grew its position 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 purchasing an additional 3,605 shares during the last quarter. Corient Private Wealth LP bought a new stake in Bloomin’ Brands during the 2nd quarter valued at about $131,000. Finally, HighTower Advisors LLC increased its stake in Bloomin’ Brands by 7.8% during the 2nd quarter. HighTower Advisors LLC now owns 24,844 shares of the restaurant operator’s stock valued at $227,000 after purchasing an additional 1,808 shares in the last quarter.

About Bloomin’ Brands

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.