Invst LLC Invests $1.58 Million in Bloomin’ Brands, Inc. $BLMN

Invst LLC purchased a new stake in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 173,440 shares of the restaurant operator’s stock, valued at approximately $1,585,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Miller Value Partners LLC bought a new position in Bloomin’ Brands in the 2nd quarter worth approximately $23,635,000. Jupiter Topco LLC bought a new position in Bloomin’ Brands in the 2nd quarter valued at $5,718,000. Hsbc Holdings PLC bought a new position in Bloomin’ Brands in the 2nd quarter valued at $94,000. Canada Pension Plan Investment Board acquired a new stake in shares of Bloomin’ Brands in the 2nd quarter valued at $971,000. Finally, Legal & General Group Plc acquired a new stake in shares of Bloomin’ Brands in the 2nd quarter valued at $542,000.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BLMN shares. Barclays upped their price target on Bloomin’ Brands from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. BMO Capital Markets reissued a “market perform” rating and set a $12.00 price objective on shares of Bloomin’ Brands in a report on Thursday, August 6th. Piper Sandler upped their target price on shares of Bloomin’ Brands from $9.00 to $12.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. UBS Group raised 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. Finally, The Goldman Sachs Group lifted their price target on shares of Bloomin’ Brands from $6.00 to $8.50 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. One equities research 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $9.75.

Bloomin’ Brands Price Performance

Shares of BLMN stock opened at $11.04 on Wednesday. Bloomin’ Brands, Inc. has a 12-month low of $5.19 and a 12-month high of $12.63. The firm has a market capitalization of $945.24 million, a price-to-earnings ratio of 35.61, a price-to-earnings-growth ratio of 2.95 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 fifty day moving average of $9.23 and a 200-day moving average of $7.57.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings data on Wednesday, August 5th. The restaurant operator reported $0.39 EPS for the quarter, topping the consensus estimate of $0.29 by $0.10. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1 billion. Bloomin’ Brands had a return on equity of 28.95% and a net margin of 0.70%.The firm’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $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, equities research analysts forecast that Bloomin’ Brands, Inc. will post 0.98 earnings per share for the current year.

Bloomin’ Brands Company 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.