VIRGINIA RETIREMENT SYSTEMS ET Al Invests $1.10 Million in Bloomin’ Brands, Inc. $BLMN

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Bloomin’ Brands, Inc. (NASDAQ:BLMN) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 120,900 shares of the restaurant operator’s stock, valued at approximately $1,105,000.

Other institutional investors have also modified their holdings of the company. Quarry LP purchased a new position in Bloomin’ Brands in the fourth quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. lifted its position 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 valued at $29,000 after buying an additional 3,353 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new stake in Bloomin’ Brands during the fourth quarter worth approximately $31,000. PNC Financial Services Group Inc. increased its position in shares of Bloomin’ Brands by 44.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,431 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 1,662 shares in the last quarter. Finally, Allworth Financial LP purchased a new position in shares of Bloomin’ Brands in the 2nd quarter valued at $55,000.

Bloomin’ Brands Trading Up 0.2%

NASDAQ BLMN opened at $8.69 on Friday. The company’s fifty day simple moving average is $9.55 and its 200-day simple moving average is $7.85. Bloomin’ Brands, Inc. has a 52 week low of $5.19 and a 52 week high of $12.63. The company has a current ratio of 0.25, a quick ratio of 0.18 and a debt-to-equity ratio of 1.62. The stock has a market cap of $744.05 million, a P/E ratio of 28.03, a PEG ratio of 2.24 and a beta of 1.23.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BLMN. Wall Street Zen upgraded shares of Bloomin’ Brands from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $11.00 price target on shares of Bloomin’ Brands in a report on Thursday, August 6th. Morgan Stanley raised their price objective on Bloomin’ Brands from $8.00 to $12.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. Citigroup reduced their price objective on Bloomin’ Brands from $9.50 to $8.75 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $12.00 target price on shares of Bloomin’ Brands in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Bloomin’ Brands has a consensus rating of “Hold” and a consensus target price of $9.75.

Bloomin’ Brands Profile

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.