Empowered Funds LLC Makes New Investment in Bloomin' Brands, Inc. $BLMN

Key Points

• Empowered Funds LLC acquired 248,133 shares of Bloomin’ Brands in the second quarter, worth approximately $2.27 million and representing 0.29% of the company.
• Several institutional investors increased or initiated positions, including Dimensional Fund Advisors, which raised its stake by 84.9%, and Renaissance Technologies, which increased holdings by 77.1%.
• Analysts maintain a consensus “Hold” rating with an average price target of $9.75. Bloomin’ Brands recently beat quarterly EPS expectations, reporting $0.39 versus the $0.29 consensus, while revenue rose 1.3% year over year to $1.02 billion.

Empowered Funds LLC bought a new stake in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 248,133 shares of the restaurant operator's stock, valued at approximately $2,268,000. Empowered Funds LLC owned 0.29% of Bloomin' Brands as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Bloomin' Brands during the 4th quarter worth approximately $808,000. Landscape Capital Management L.L.C. acquired a new position in Bloomin' Brands in the second quarter valued at approximately $1,198,000. Ieq Capital LLC bought a new position in Bloomin' Brands in the second quarter valued at approximately $2,474,000. Dimensional Fund Advisors LP boosted its stake in Bloomin' Brands by 84.9% in 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 last quarter. Finally, Renaissance Technologies LLC grew its holdings in Bloomin' Brands by 77.1% during the 1st quarter. Renaissance Technologies LLC now owns 369,796 shares of the restaurant operator's stock worth $1,997,000 after acquiring an additional 160,942 shares during the period.

Analyst Ratings Changes

A number of equities research analysts recently commented on BLMN shares. Citigroup dropped their price objective on Bloomin' Brands from $9.50 to $8.75 and set a "neutral" rating for the company in a report on Friday, July 24th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $12.00 price target on shares of Bloomin' Brands in a research note on Thursday, August 6th. UBS Group increased their price target on shares of Bloomin' Brands from $6.00 to $9.00 and gave the company a "neutral" rating in a research report on Thursday, May 7th. Morgan Stanley lifted their price objective on shares of Bloomin' Brands from $8.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 6th. Finally, Barclays boosted their price objective on shares of Bloomin' Brands from $7.00 to $9.00 and gave the company an "equal weight" rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $9.75.

Bloomin' Brands Stock Performance

BLMN stock opened at $9.93 on Thursday. Bloomin' Brands, Inc. has a 1-year low of $5.19 and a 1-year high of $12.63. The company has a current ratio of 0.25, a quick ratio of 0.18 and a debt-to-equity ratio of 1.62. The firm has a market cap of $850.21 million, a PE ratio of 32.03, a P/E/G ratio of 2.51 and a beta of 1.23. The business's 50-day moving average price is $9.49 and its two-hundred day moving average price is $7.72.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The restaurant operator reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.32 earnings per share. 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 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.

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