Bloomin’ Brands (NASDAQ:BLMN) Shares Climb 7% – Here’s What Happened

by · The Markets Daily

Bloomin’ Brands, Inc. (NASDAQ:BLMN – Get Free Report) was up 7% during trading on Thursday. The company traded as high as $8.29 and last traded at $8.2950. Approximately 1,326,735 shares were traded during mid-day trading, a decline of 46% from the average session volume of 2,469,987 shares. The stock had previously closed at $7.75.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $11.00 target price on shares of Bloomin’ Brands in a report on Thursday, August 6th. Weiss Ratings cut shares of Bloomin’ Brands from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 19th. Morgan Stanley increased their target price on shares of Bloomin’ Brands from $8.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Veritas Investment Research set a $13.00 price target on Bloomin’ Brands in a research note on Tuesday. Finally, Piper Sandler increased their price target on Bloomin’ Brands from $9.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $10.60.

Read Our Latest Report on BLMN

Bloomin’ Brands Stock Performance

The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.18 and a current ratio of 0.25. The company has a market cap of $710.23 million, a P/E ratio of 26.76, a P/E/G ratio of 2.13 and a beta of 1.23. The stock’s fifty day moving average price is $9.53 and its two-hundred day moving average price is $8.06.

Bloomin’ Brands (NASDAQ:BLMN – Get Free Report) last announced 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. Bloomin’ Brands had a net margin of 0.70% and a return on equity of 28.95%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period in the previous year, the business earned $0.32 earnings per share. The company’s revenue was up 1.3% on a year-over-year basis. 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, equities analysts predict that Bloomin’ Brands, Inc. will post 0.95 earnings per share for the current year.

Institutional Trading of Bloomin’ Brands

Several large investors have recently bought and sold shares of BLMN. HighTower Advisors LLC lifted its stake in shares of 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 buying an additional 1,808 shares in the last quarter. Allworth Financial LP grew its stake in Bloomin’ Brands by 146.3% in the 2nd quarter. Allworth Financial LP now owns 6,069 shares of the restaurant operator’s stock valued at $55,000 after buying an additional 3,605 shares in the last quarter. IFP Advisors Inc raised its holdings in Bloomin’ Brands by 357.4% during the 2nd quarter. IFP Advisors Inc now owns 5,022 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 3,924 shares during the period. Hilton Head Capital Partners LLC purchased a new stake in shares of Bloomin’ Brands during the fourth quarter worth $31,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Bloomin’ Brands by 6.4% in the first quarter. SG Americas Securities LLC now owns 85,062 shares of the restaurant operator’s stock worth $459,000 after acquiring an additional 5,148 shares during the period.

Bloomin’ Brands Company Profile

(Get Free Report)

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.

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