57,630 Shares in Bloomin’ Brands, Inc. $BLMN Bought by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC bought a new position in Bloomin’ Brands, Inc. (NASDAQ:BLMN) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 57,630 shares of the restaurant operator’s stock, valued at approximately $527,000.

A number of other hedge funds also recently added to or reduced their stakes in BLMN. BlackRock Inc. acquired a new position in shares of Bloomin’ Brands during the second quarter valued at $62,563,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Bloomin’ Brands by 79.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,908,998 shares of the restaurant operator’s stock worth $21,109,000 after acquiring an additional 1,736,001 shares during the period. State Street Corp lifted its position in Bloomin’ Brands by 1.8% in the 4th quarter. State Street Corp now owns 3,400,106 shares of the restaurant operator’s stock valued at $20,979,000 after purchasing an additional 58,722 shares during the last quarter. Millennium Management LLC lifted its position in Bloomin’ Brands by 69.9% in the 3rd quarter. Millennium Management LLC now owns 2,590,098 shares of the restaurant operator’s stock valued at $18,571,000 after purchasing an additional 1,065,842 shares during the last quarter. Finally, Miller Value Partners LLC acquired a new position in Bloomin’ Brands during the 2nd quarter valued at about $23,635,000.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Wall Street Zen upgraded shares of Bloomin’ Brands from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Morgan Stanley lifted their price target on Bloomin’ Brands from $8.00 to $12.00 and gave the company an “equal weight” rating in a report on Thursday, August 6th. UBS Group boosted their price objective on Bloomin’ Brands from $6.00 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Sanford C. Bernstein set a $9.00 price objective on Bloomin’ Brands in a report on Thursday, May 7th. Finally, The Goldman Sachs Group raised their target price on Bloomin’ Brands from $6.00 to $8.50 and gave the company a “neutral” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $9.75.

Bloomin’ Brands Stock Performance

Shares of BLMN opened at $10.30 on Tuesday. The firm has a market capitalization of $881.89 million, a PE ratio of 33.23, a P/E/G ratio of 2.73 and a beta of 1.22. The company has a quick ratio of 0.18, a current ratio of 0.25 and a debt-to-equity ratio of 1.62. The firm has a 50-day moving average price of $9.44 and a 200 day moving average price of $7.67. Bloomin’ Brands, Inc. has a 52-week low of $5.19 and a 52-week high of $12.63.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings results on Wednesday, August 5th. The restaurant operator reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1 billion. Bloomin’ Brands had a net margin of 0.70% and a return on equity of 28.95%. Bloomin’ Brands’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.32 EPS. 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. On average, sell-side analysts anticipate that Bloomin’ Brands, Inc. will post 0.98 earnings per share for the current fiscal 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.