Bloomin’ Brands, Inc. (NASDAQ:BLMN) Stock Has Average Target Price of $11.10

Bloomin’ Brands, Inc. (NASDAQ:BLMN) has been assigned an average rating of “Reduce” from the eleven analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and ten have assigned a hold recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $11.10.

A number of brokerages have weighed in on BLMN. Wall Street Zen upgraded shares of Bloomin’ Brands from a “hold” rating to a “buy” rating in a research report on Saturday, October 24th. BMO Capital Markets restated a “market perform” rating and set a $12.00 target price on shares of Bloomin’ Brands in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $11.00 price target on shares of Bloomin’ Brands in a research note on Thursday, August 6th. Veritas Investment Research set a $13.00 price target on Bloomin’ Brands in a report on Tuesday, September 29th. Finally, UBS Group increased their price target on Bloomin’ Brands from $9.00 to $11.50 and gave the stock a “neutral” rating in a research report on Monday, November 2nd.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Ieq Capital LLC increased its holdings in Bloomin’ Brands by 1.9% in the 3rd quarter. Ieq Capital LLC now owns 275,757 shares of the restaurant operator’s stock worth $2,137,000 after acquiring an additional 5,079 shares in the last quarter. Focus Advisor Solutions LLC grew its position in shares of Bloomin’ Brands by 118.1% in the third quarter. Focus Advisor Solutions LLC now owns 29,758 shares of the restaurant operator’s stock valued at $231,000 after purchasing an additional 16,116 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Bloomin’ Brands by 151.7% during the third quarter. Russell Investments Group Ltd. now owns 345,539 shares of the restaurant operator’s stock worth $2,678,000 after purchasing an additional 208,243 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Bloomin’ Brands by 23,955.7% during the third quarter. Fifth Third Bancorp now owns 72,167 shares of the restaurant operator’s stock worth $559,000 after purchasing an additional 71,867 shares in the last quarter. Finally, Penn Capital Management Company LLC purchased a new stake in shares of Bloomin’ Brands during the third quarter worth about $1,228,000.

Bloomin’ Brands Trading Down 3.4%

Shares of Bloomin’ Brands stock opened at $9.93 on Friday. The stock has a market cap of $851.50 million, a PE ratio of 8.94, a price-to-earnings-growth ratio of 2.62 and a beta of 1.30. The firm has a fifty day moving average price of $9.19 and a 200 day moving average price of $7.99. Bloomin’ Brands has a 1 year low of $5.19 and a 1 year high of $12.63. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.25 and a quick ratio of 0.18.

Bloomin’ Brands (NASDAQ:BLMN) last posted its earnings results on Friday, November 6th. The restaurant operator reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.07. The firm had revenue of $944.35 million for the quarter, compared to analyst estimates of $925.23 million. Bloomin’ Brands had a return on equity of 25.24% and a net margin of 1.79%. Bloomin’ Brands’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the company earned ($0.03) earnings per share. Bloomin’ Brands has set its FY 2026 guidance at 0.970-1.020 EPS and its Q4 2026 guidance at 0.070-0.120 EPS. Equities research analysts predict that Bloomin’ Brands will post 0.99 earnings per share for the current year.

Bloomin’ Brands Company Profile

Bloomin’ Brands, Inc. is a restaurant company that owns, operates and franchises casual and upscale dining concepts. Its brands include Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse & Wine Bar. The company’s restaurants serve a range of offerings, including steaks and other grilled dishes, Italian cuisine, seafood and fine-dining meals. Bloomin’ Brands was founded in 1988 and is headquartered in Tampa, Florida. Bloomin’ Brands serves customers primarily in the United States, as well as in international markets through company-operated restaurants and franchise arrangements.