Quantinno Capital Management LP trimmed its stake in Bloomin’ Brands, Inc. (NASDAQ:BLMN – Free Report) by 72.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,091 shares of the restaurant operator’s stock after selling 72,329 shares during the period. Quantinno Capital Management LP’s holdings in Bloomin’ Brands were worth $152,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Quarry LP acquired a new position in Bloomin’ Brands during the fourth quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Bloomin’ Brands by 83,825.0% in 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. Hilton Head Capital Partners LLC bought a new stake in shares of Bloomin’ Brands during the 4th quarter worth $31,000. PNC Financial Services Group Inc. boosted its holdings in shares of Bloomin’ Brands by 44.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,431 shares of the restaurant operator’s stock worth $34,000 after buying an additional 1,662 shares during the period. Finally, Chicago Partners Investment Group LLC acquired a new position in Bloomin’ Brands in the 1st quarter valued at $56,000.
Analyst Ratings Changes
BLMN has been the topic of a number of recent analyst reports. Barclays lifted their price objective on Bloomin’ Brands from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. The Goldman Sachs Group upped their price target on Bloomin’ Brands from $6.00 to $8.50 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Citigroup lowered their price objective on shares of Bloomin’ Brands from $9.50 to $8.75 and set a “neutral” rating on the stock in a research note on Friday, July 24th. UBS Group increased their price target on shares of Bloomin’ Brands from $6.00 to $9.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Wall Street Zen upgraded shares of Bloomin’ Brands from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Bloomin’ Brands presently has a consensus rating of “Hold” and an average target price of $9.75.
Bloomin’ Brands Price Performance
Shares of BLMN stock opened at $11.04 on Wednesday. The stock has a 50 day moving average of $9.23 and a two-hundred day moving average of $7.57. The company has a current ratio of 0.25, a quick ratio of 0.18 and a debt-to-equity ratio of 1.62. Bloomin’ Brands, Inc. has a 12 month low of $5.19 and a 12 month high of $12.63. The company has a market capitalization of $945.24 million, a P/E ratio of 35.61, a P/E/G ratio of 2.95 and a beta of 1.22.
Bloomin’ Brands (NASDAQ:BLMN – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The restaurant operator reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.10. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1 billion. Bloomin’ Brands had a return on equity of 28.95% and a net margin of 0.70%.Bloomin’ Brands’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 earnings per share. 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 expect that Bloomin’ Brands, Inc. will post 0.98 EPS for the current year.
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.
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