Renaissance Technologies LLC Has $2 Million Stake in Bloomin’ Brands, Inc. $BLMN

Renaissance Technologies LLC increased its stake in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 77.1% during the first quarter, HoldingsChannel.com reports. The fund owned 369,796 shares of the restaurant operator’s stock after purchasing an additional 160,942 shares during the period. Renaissance Technologies LLC’s holdings in Bloomin’ Brands were worth $1,997,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BLMN. Arrowstreet Capital Limited Partnership boosted its position in Bloomin’ Brands by 79.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,908,998 shares of the restaurant operator’s stock worth $21,109,000 after purchasing an additional 1,736,001 shares during the period. State Street Corp raised its position in shares of Bloomin’ Brands by 1.8% in the fourth 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 period. Millennium Management LLC lifted its stake in shares of Bloomin’ Brands by 69.9% in the third quarter. Millennium Management LLC now owns 2,590,098 shares of the restaurant operator’s stock worth $18,571,000 after buying an additional 1,065,842 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Bloomin’ Brands by 12.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,409,123 shares of the restaurant operator’s stock worth $14,864,000 after buying an additional 269,746 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Bloomin’ Brands by 84.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,208,122 shares of the restaurant operator’s stock worth $11,924,000 after buying an additional 1,013,953 shares during the period.

Bloomin’ Brands Trading Up 0.9%

Shares of BLMN opened at $11.12 on Wednesday. Bloomin’ Brands, Inc. has a 12-month low of $5.19 and a 12-month high of $12.63. 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 market capitalization of $952.09 million, a price-to-earnings ratio of 35.87, a P/E/G ratio of 2.91 and a beta of 1.22. The stock’s 50-day moving average price is $8.55 and its 200 day moving average price is $7.26.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings data on Wednesday, August 5th. The restaurant operator reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10. Bloomin’ Brands had a return on equity of 28.95% and a net margin of 0.70%.The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter last year, the company earned $0.32 EPS. The company’s quarterly 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. As a group, research analysts predict that Bloomin’ Brands, Inc. will post 0.95 earnings per share for the current year.

Analyst Upgrades and Downgrades

BLMN has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Bloomin’ Brands from a “hold” rating to a “buy” rating in a research note on Saturday. BMO Capital Markets reaffirmed a “market perform” rating and issued a $12.00 price target on shares of Bloomin’ Brands in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $11.00 price objective on shares of Bloomin’ Brands in a research report on Thursday, August 6th. Zacks Research raised shares of Bloomin’ Brands from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Finally, UBS Group upped their target price on shares of Bloomin’ Brands from $6.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $9.75.

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.