Canada Pension Plan Investment Board Acquires New Holdings in Bloomin' Brands, Inc. $BLMN

Key Points

• Canada Pension Plan Investment Board acquired 106,200 Bloomin’ Brands shares in the second quarter, valued at approximately $971,000 and representing a 0.12% stake.
• Bloomin’ Brands reported quarterly EPS of $0.39, exceeding estimates of $0.29, while revenue rose 1.3% year over year to $1.02 billion. The company maintained fiscal 2026 EPS guidance of $0.90–$1.00.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $9.75, below the stock’s reported $10.30 opening price.

Canada Pension Plan Investment Board bought a new stake in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 106,200 shares of the restaurant operator's stock, valued at approximately $971,000. Canada Pension Plan Investment Board owned 0.12% of Bloomin' Brands as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of BLMN. Quarry LP acquired a new stake in shares of Bloomin' Brands in the fourth quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Bloomin' Brands by 83,825.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,357 shares of the restaurant operator's stock worth $29,000 after buying an additional 3,353 shares during the period. Hilton Head Capital Partners LLC bought a new position in Bloomin' Brands in the 4th quarter worth approximately $31,000. PNC Financial Services Group Inc. grew its holdings in Bloomin' Brands by 44.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,431 shares of the restaurant operator's stock worth $34,000 after buying an additional 1,662 shares in the last quarter. Finally, Allworth Financial LP acquired a new stake in Bloomin' Brands in the 2nd quarter valued at approximately $55,000.

Bloomin' Brands Trading Down 2.6%

Shares of BLMN stock opened at $10.30 on Tuesday. The stock has a 50-day simple moving average of $9.44 and a 200 day simple moving average of $7.67. The stock has a market capitalization of $881.89 million, a P/E ratio of 33.23, a P/E/G ratio of 2.73 and a beta of 1.22. Bloomin' Brands, Inc. has a fifty-two week low of $5.19 and a fifty-two week 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.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The restaurant operator reported $0.39 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $1 billion. During the same period in the previous year, the business earned $0.32 earnings per share. Bloomin' Brands's revenue for the quarter 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. On average, sell-side analysts expect that Bloomin' Brands, Inc. will post 0.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BLMN has been the topic of several recent analyst reports. UBS Group lifted their target price on Bloomin' Brands from $6.00 to $9.00 and gave the company a "neutral" rating in a research note on Thursday, May 7th. Morgan Stanley increased their price target on Bloomin' Brands from $8.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 6th. Piper Sandler raised their price target on Bloomin' Brands from $9.00 to $12.00 and gave the company a "neutral" rating in a report on Monday, August 10th. BMO Capital Markets restated a "market perform" rating and set a $12.00 price objective on shares of Bloomin' Brands in a research note on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $11.00 price objective on shares of Bloomin' Brands in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently 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.

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