Bloomin’ Brands (NASDAQ:BLMN) Announces Quarterly Earnings Results

Bloomin’ Brands (NASDAQ:BLMN) announced its quarterly earnings data on Wednesday. The restaurant operator reported $0.38 EPS for the quarter, meeting the consensus estimate 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 Stock Down 16.6 %

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

Wall Street Analysts Forecast Growth

BLMN has been the topic of several research analyst reports. Piper Sandler cut their price objective on Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, November 11th. Raymond James downgraded Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. Bank of America cut Bloomin’ Brands from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $18.00 to $13.00 in a report on Monday, January 27th. JPMorgan Chase & Co. lowered their target price on Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. Finally, The Goldman Sachs Group started coverage on Bloomin’ Brands in a report on Thursday, December 5th. They issued a “sell” rating and a $13.00 target price for the company. Two research analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. Based on data from MarketBeat.com, Bloomin’ Brands currently has a consensus 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.