Bloomin' Brands, Inc. $BLMN Holdings Lifted by Renaissance Technologies LLC

Key Points

• Renaissance Technologies increased its Bloomin’ Brands stake by 77.1% in the first quarter, ending with 369,796 shares valued at approximately $2.0 million. Several other institutional investors also added to their positions.
• Bloomin’ Brands reported quarterly EPS of $0.39, exceeding the $0.29 analyst consensus, while revenue rose 1.3% year over year to $1.02 billion. The company maintained fiscal 2026 EPS guidance of $0.90–$1.00.
• Shares opened at $11.12, well above their 50-day and 200-day moving averages. Despite a consensus analyst rating of “Hold” and a $9.75 target price, ratings ranged from Strong Buy to Sell.

Renaissance Technologies LLC boosted its holdings in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 77.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 369,796 shares of the restaurant operator's stock after buying an additional 160,942 shares during the period. Renaissance Technologies LLC owned approximately 0.43% of Bloomin' Brands worth $1,997,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its stake in Bloomin' Brands by 44.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,431 shares of the restaurant operator's stock valued at $34,000 after acquiring an additional 1,662 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Bloomin' Brands by 2.2% during the third quarter. Alliancebernstein L.P. now owns 97,268 shares of the restaurant operator's stock worth $697,000 after purchasing an additional 2,103 shares during the period. Deutsche Bank AG boosted its holdings in shares of Bloomin' Brands by 4.2% during the fourth quarter. Deutsche Bank AG now owns 61,986 shares of the restaurant operator's stock worth $382,000 after purchasing an additional 2,513 shares during the period. Fox Run Management L.L.C. grew its position in Bloomin' Brands by 8.6% during the fourth quarter. Fox Run Management L.L.C. now owns 32,265 shares of the restaurant operator's stock valued at $199,000 after purchasing an additional 2,568 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Bloomin' Brands by 6.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,395 shares of the restaurant operator's stock valued at $333,000 after purchasing an additional 2,622 shares in the last quarter.

Bloomin' Brands Price Performance

Shares of BLMN opened at $11.12 on Wednesday. The firm has a market cap of $952.09 million, a PE ratio of 35.87, a PEG ratio of 2.91 and a beta of 1.22. The firm's 50 day moving average price is $8.55 and its 200 day moving average price is $7.26. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.18 and a current ratio of 0.25. Bloomin' Brands, Inc. has a twelve month low of $5.19 and a twelve month high of $12.63.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last posted its earnings results on Wednesday, August 5th. The restaurant operator reported $0.39 earnings per share (EPS) 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 firm had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1 billion. During the same period in the previous year, the company earned $0.32 earnings per share. The company's revenue was up 1.3% compared to the same quarter last year. 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 expect that Bloomin' Brands, Inc. will post 0.95 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Sanford C. Bernstein set a $9.00 target price on shares of Bloomin' Brands in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $11.00 price target on shares of Bloomin' Brands in a report on Thursday, August 6th. Zacks Research upgraded Bloomin' Brands from a "hold" rating to a "strong-buy" rating in a report on Friday, August 7th. BMO Capital Markets reiterated a "market perform" rating and set a $12.00 price objective on shares of Bloomin' Brands in a report on Thursday, August 6th. Finally, Weiss Ratings upgraded Bloomin' Brands from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average 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.

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