JPMorgan Chase & Co. Has $264,000 Stake in Bloomin’ Brands, Inc. $BLMN

JPMorgan Chase & Co. trimmed its position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 91.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 36,791 shares of the restaurant operator’s stock after selling 375,917 shares during the period. JPMorgan Chase & Co.’s holdings in Bloomin’ Brands were worth $264,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its holdings in Bloomin’ Brands by 83,825.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,357 shares of the restaurant operator’s stock worth $29,000 after buying an additional 3,353 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Bloomin’ Brands by 178.1% during the second quarter. Lazard Asset Management LLC now owns 10,378 shares of the restaurant operator’s stock worth $88,000 after buying an additional 6,646 shares during the last quarter. FORA Capital LLC acquired a new position in Bloomin’ Brands during the third quarter worth $94,000. Tidal Investments LLC acquired a new position in Bloomin’ Brands during the second quarter worth $99,000. Finally, Amundi acquired a new position in Bloomin’ Brands during the second quarter worth $116,000.

Bloomin’ Brands Price Performance

NASDAQ:BLMN opened at $6.55 on Thursday. Bloomin’ Brands, Inc. has a one year low of $5.19 and a one year high of $10.70. The company has a market cap of $558.26 million, a P/E ratio of 65.51, a P/E/G ratio of 2.89 and a beta of 1.12. The firm’s fifty day moving average price is $6.04 and its two-hundred day moving average price is $6.64. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.31 and a quick ratio of 0.24.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings data on Wednesday, February 25th. The restaurant operator reported $0.26 EPS for the quarter, beating the consensus estimate of $0.25 by $0.01. Bloomin’ Brands had a net margin of 0.21% and a return on equity of 26.26%. The firm had revenue of $975.22 million for the quarter, compared to the consensus estimate of $980.64 million. During the same period in the previous year, the company earned $0.38 earnings per share. The company’s quarterly revenue was up .3% on a year-over-year basis. Bloomin’ Brands has set its Q1 2026 guidance at 0.570-0.620 EPS and its FY 2026 guidance at 0.750-0.900 EPS. Equities analysts expect that Bloomin’ Brands, Inc. will post 1.8 earnings per share for the current year.

Insider Activity at Bloomin’ Brands

In other Bloomin’ Brands news, Director Rohit Lal purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were acquired at an average cost of $5.69 per share, for a total transaction of $56,900.00. Following the completion of the purchase, the director owned 30,156 shares of the company’s stock, valued at approximately $171,587.64. The trade was a 49.61% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.18% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on BLMN shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Bloomin’ Brands in a report on Friday, March 27th. Citigroup upped their price objective on shares of Bloomin’ Brands from $6.75 to $7.00 and gave the company a “neutral” rating in a report on Thursday, February 26th. Eight research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $8.44.

About Bloomin’ Brands

Bloomin’ Brands, Inc engages in the ownership, operation and franchising of casual dining restaurants worldwide. The company’s portfolio includes five full-service restaurant chains: Outback Steakhouse, known for its Australian-inspired steakhouse concept; Carrabba’s Italian Grill, offering Italian-American cuisine; Bonefish Grill, specializing in handcrafted seafood dishes; Fleming’s Prime Steakhouse & Wine Bar, focusing on premium steak and wine experiences; and Aussie Grill by Outback, featuring a streamlined menu of signature items.