Bloomin’ Brands (NASDAQ:BLMN) Issues Earnings Results, Hits Estimates

Bloomin’ Brands (NASDAQ:BLMN) posted its quarterly earnings results on Wednesday. The restaurant operator reported $0.38 EPS for the quarter, hitting analysts’ consensus estimates of $0.38, Zacks reports. Bloomin’ Brands had a positive return on equity of 62.18% and a negative net margin of 0.12%. Bloomin’ Brands updated its FY 2025 guidance to 1.200-1.400 EPS and its Q1 2025 guidance to 0.550-0.600 EPS.

Bloomin’ Brands Trading Down 16.6 %

Shares of NASDAQ BLMN traded down $1.98 during trading hours on Wednesday, hitting $9.93. 2,329,464 shares of the company traded hands, compared to its average volume of 1,761,669. The stock has a market capitalization of $842.07 million, a price-to-earnings ratio of -90.40 and a beta of 1.97. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 4.46. The company’s 50 day moving average price is $12.00 and its 200 day moving average price is $14.36. Bloomin’ Brands has a 12 month low of $9.77 and a 12 month high of $30.13.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on BLMN shares. UBS Group reduced their price objective on Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. StockNews.com raised Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, February 18th. Bank of America downgraded Bloomin’ Brands from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $18.00 to $13.00 in a research note on Monday, January 27th. Barclays reaffirmed an “equal weight” rating and issued a $13.00 price objective (down previously from $19.00) on shares of Bloomin’ Brands in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group started coverage on Bloomin’ Brands in a research note on Thursday, December 5th. They issued a “sell” rating and a $13.00 price objective on the stock. Two analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. According to data from MarketBeat, Bloomin’ Brands currently has an average rating of “Hold” and an average price target of $16.30.

About Bloomin’ Brands

Bloomin’ Brands, Inc engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.