Bank of New York Mellon Corp Invests $2.65 Million in Bloomin' Brands, Inc. $BLMN

Bank of New York Mellon Corp bought a new stake in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 290,147 shares of the restaurant operator's stock, valued at approximately $2,652,000. Bank of New York Mellon Corp owned about 0.34% of Bloomin' Brands as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership raised its holdings in Bloomin' Brands by 79.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,908,998 shares of the restaurant operator's stock worth $21,109,000 after buying an additional 1,736,001 shares during the period. Millennium Management LLC increased its position in shares of Bloomin' Brands by 123.1% in the first quarter. Millennium Management LLC now owns 2,299,778 shares of the restaurant operator's stock worth $16,489,000 after acquiring an additional 1,268,988 shares in the last quarter. Federated Hermes Inc. increased its position in shares of Bloomin' Brands by 115.9% in the fourth quarter. Federated Hermes Inc. now owns 2,064,940 shares of the restaurant operator's stock worth $12,741,000 after acquiring an additional 1,108,500 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Bloomin' Brands by 84.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,208,122 shares of the restaurant operator's stock valued at $11,924,000 after acquiring an additional 1,013,953 shares during the period. Finally, Broad Bay Capital Management LP acquired a new stake in shares of Bloomin' Brands during the fourth quarter valued at approximately $6,031,000.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BLMN. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $11.00 price objective on shares of Bloomin' Brands in a research note on Thursday, August 6th. Zacks Research raised shares of Bloomin' Brands from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. Morgan Stanley increased their target price on Bloomin' Brands from $8.00 to $12.00 and gave the company an "equal weight" rating in a report on Thursday, August 6th. Citigroup decreased their target price on Bloomin' Brands from $9.50 to $8.75 and set a "neutral" rating for the company in a research report on Friday, July 24th. Finally, Weiss Ratings downgraded Bloomin' Brands from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $9.75.

Bloomin' Brands Price Performance

BLMN opened at $9.79 on Tuesday. The stock has a fifty day moving average price of $9.54 and a 200 day moving average price of $7.79. 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 1 year low of $5.19 and a 1 year high of $12.63. The stock has a market cap of $838.22 million, a price-to-earnings ratio of 31.58, a PEG ratio of 2.52 and a beta of 1.23.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The restaurant operator reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.10. The company had revenue of $1.02 billion during 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 business's quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the business 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. Analysts forecast that Bloomin' Brands, Inc. will post 0.98 EPS for the current fiscal year.

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.

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