Engineers Gate Manager LP Sells 188,350 Shares of Bloomin' Brands, Inc. $BLMN

Key Points

• Engineers Gate Manager LP cut its Bloomin’ Brands stake by 60.1% in the second quarter, selling 188,350 shares and retaining 125,141 shares valued at approximately $1.14 million.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $9.75. Price targets range from $8.75 to $12, while ratings span from Strong Buy to Sell.
• Bloomin’ Brands exceeded quarterly earnings expectations, reporting $0.39 EPS versus the $0.29 consensus and $1.02 billion in revenue, up 1.3% year over year. Shares opened at $8.07, below the consensus target.

Engineers Gate Manager LP lessened its position in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 60.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 125,141 shares of the restaurant operator's stock after selling 188,350 shares during the quarter. Engineers Gate Manager LP owned approximately 0.15% of Bloomin' Brands worth $1,144,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of BLMN. IFP Advisors Inc lifted its position in shares of Bloomin' Brands by 357.4% in the second quarter. IFP Advisors Inc now owns 5,022 shares of the restaurant operator's stock worth $46,000 after purchasing an additional 3,924 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new position in shares of Bloomin' Brands during the 4th quarter worth approximately $31,000. Allworth Financial LP acquired a new position in shares of Bloomin' Brands during the 2nd quarter worth approximately $55,000. Quantbot Technologies LP bought a new stake in shares of Bloomin' Brands during the 2nd quarter worth approximately $58,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Bloomin' Brands during the 2nd quarter worth approximately $94,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BLMN. Citigroup decreased their price objective on shares of Bloomin' Brands from $9.50 to $8.75 and set a "neutral" rating for the company in a research report on Friday, July 24th. Zacks Research upgraded Bloomin' Brands from a "hold" rating to a "strong-buy" rating in a report on Friday, August 7th. Weiss Ratings downgraded Bloomin' Brands from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, August 19th. BMO Capital Markets restated a "market perform" rating and issued a $12.00 price target on shares of Bloomin' Brands in a research note on Thursday, August 6th. Finally, Piper Sandler upped their price objective on shares of Bloomin' Brands from $9.00 to $12.00 and gave the company a "neutral" rating in a report on Monday, August 10th. 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 company. According to MarketBeat, Bloomin' Brands has an average rating of "Hold" and a consensus target price of $9.75.

Bloomin' Brands Price Performance

Shares of NASDAQ:BLMN opened at $8.07 on Friday. The firm has a 50 day moving average of $9.57 and a 200-day moving average of $7.93. 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 0.25, a quick ratio of 0.18 and a debt-to-equity ratio of 1.62. The stock has a market capitalization of $690.96 million, a PE ratio of 26.03, a PEG ratio of 2.07 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 (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 business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the business posted $0.32 EPS. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. 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, equities research analysts predict that Bloomin' Brands, Inc. will post 0.98 EPS for the current fiscal year.

About Bloomin' Brands

Bloomin' Brands, Inc is a restaurant company that owns, operates and franchises a portfolio of casual dining and upscale-casual restaurant concepts. Its brands include Outback Steakhouse, known for steaks and other Australian-inspired menu offerings; Carrabba's Italian Grill, which specializes in Italian-American cuisine; Bonefish Grill, focused on seafood and grilled dishes; and Fleming's Prime Steakhouse & Wine Bar, which offers prime steaks, seafood and wine. The company also operates additional concepts, including Aussie Grill and Tender Shack.

Bloomin' Brands serves customers primarily in the United States, with restaurants and franchise operations in select international markets.

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