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

Bloomin’ Brands (NASDAQ:BLMN) released its earnings results on Wednesday. The restaurant operator reported $0.38 earnings per share (EPS) for the quarter, hitting 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 16.5 %

NASDAQ BLMN traded down $1.97 on Wednesday, reaching $9.94. 3,503,611 shares of the stock traded hands, compared to its average volume of 1,804,556. Bloomin’ Brands has a 12 month low of $9.63 and a 12 month high of $30.13. The company has a fifty day moving average price of $11.98 and a 200-day moving average price of $14.34. The company has a market cap of $842.92 million, a price-to-earnings ratio of -89.74 and a beta of 1.97. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.22 and a current ratio of 0.31.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Piper Sandler decreased their price objective on Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, November 11th. UBS Group lowered their price target on shares of Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. StockNews.com upgraded shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, February 18th. The Goldman Sachs Group began coverage on shares of Bloomin’ Brands in a research report on Thursday, December 5th. They set a “sell” rating and a $13.00 price target on the stock. Finally, Bank of America lowered Bloomin’ Brands from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $18.00 to $13.00 in a research report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $16.30.

Bloomin’ Brands Company Profile

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.