Bloomin' Brands, Inc. $BLMN Shares Bought by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors increased its Bloomin’ Brands stake by 84.9% in the first quarter, purchasing 1.01 million additional shares and bringing its holdings to 2.21 million shares, or roughly 2.59% of the company.
• Several other institutional investors also expanded their positions, including Millennium Management, Federated Hermes, Nuveen and Marshall Wace, signaling increased hedge-fund interest in BLMN.
• Bloomin’ Brands reported quarterly EPS of $0.39, beating estimates of $0.29, while revenue rose 1.3% year over year to $1.02 billion. Despite the earnings beat, analysts remain cautious, with an average “Reduce” rating and a $9.53 price target versus the stock’s reported $10.95 opening price.

Dimensional Fund Advisors LP grew its stake in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 84.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,208,122 shares of the restaurant operator's stock after purchasing an additional 1,013,953 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.59% of Bloomin' Brands worth $11,924,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of BLMN. Millennium Management LLC increased its holdings in Bloomin' Brands by 123.1% in the first quarter. Millennium Management LLC now owns 2,299,778 shares of the restaurant operator's stock valued at $16,489,000 after buying an additional 1,268,988 shares during the last quarter. Federated Hermes Inc. lifted its holdings in Bloomin' Brands by 115.9% during the 4th quarter. Federated Hermes Inc. now owns 2,064,940 shares of the restaurant operator's stock worth $12,741,000 after buying an additional 1,108,500 shares during the last quarter. Broad Bay Capital Management LP acquired a new position in shares of Bloomin' Brands in the 4th quarter worth approximately $6,031,000. Nuveen LLC grew its position in shares of Bloomin' Brands by 371.5% in the 4th quarter. Nuveen LLC now owns 1,057,233 shares of the restaurant operator's stock worth $6,523,000 after acquiring an additional 832,982 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of Bloomin' Brands by 411.8% in the 2nd quarter. Marshall Wace LLP now owns 712,587 shares of the restaurant operator's stock valued at $6,135,000 after acquiring an additional 573,363 shares during the last quarter.

Bloomin' Brands Trading Up 0.6%

Shares of NASDAQ BLMN opened at $10.95 on Friday. The company has a market cap of $937.43 million, a price-to-earnings ratio of 35.32, a price-to-earnings-growth ratio of 8.02 and a beta of 1.22. Bloomin' Brands, Inc. has a 12-month low of $5.19 and a 12-month high of $12.63. The company has a current ratio of 0.26, a quick ratio of 0.19 and a debt-to-equity ratio of 1.89. The stock's 50 day simple moving average is $8.43 and its 200 day simple moving average is $7.22.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last issued 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. The firm 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 30.43% and a net margin of 0.70%.The firm's revenue was up 1.3% on a year-over-year basis. During the same period in the prior 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. Equities research analysts expect that Bloomin' Brands, Inc. will post 0.95 EPS for the current year.

Wall Street Analyst Weigh In

BLMN has been the topic of several research analyst reports. Weiss Ratings upgraded Bloomin' Brands from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday. UBS Group boosted 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. JPMorgan Chase & Co. downgraded shares of Bloomin' Brands from a "neutral" rating to an "underweight" rating and set a $6.00 price target on the stock. in a research report on Friday, April 24th. Citigroup decreased their price target on shares of Bloomin' Brands from $9.50 to $8.75 and set a "neutral" rating for the company in a report on Friday, July 24th. Finally, Wall Street Zen raised shares of Bloomin' Brands from a "hold" rating to a "buy" rating in a research report on Saturday. Nine analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Reduce" and an average price target of $9.53.

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.

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