Invst LLC Invests $1.58 Million in Bloomin' Brands, Inc. $BLMN

Key Points

• Invst LLC acquired 173,440 shares of Bloomin’ Brands during the second quarter, valued at approximately $1.585 million and representing about 0.20% of the company.
• Analyst sentiment remains mixed: Zacks Research upgraded the stock to “strong buy,” while most analysts maintain “hold” ratings. The consensus target price is $9.75.
• Bloomin’ Brands exceeded quarterly earnings expectations, reporting $0.39 EPS versus $0.29 expected and $1.02 billion in revenue, up 1.3% year over year; the stock opened at $11.04, down 3.5%.

Invst LLC bought a new stake in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 173,440 shares of the restaurant operator's stock, valued at approximately $1,585,000. Invst LLC owned approximately 0.20% of Bloomin' Brands as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its stake in Bloomin' Brands by 44.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,431 shares of the restaurant operator's stock worth $34,000 after purchasing an additional 1,662 shares during the period. Alliancebernstein L.P. boosted its holdings in Bloomin' Brands by 2.2% during the third quarter. Alliancebernstein L.P. now owns 97,268 shares of the restaurant operator's stock valued at $697,000 after purchasing an additional 2,103 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Bloomin' Brands by 4.2% in the 4th quarter. Deutsche Bank AG now owns 61,986 shares of the restaurant operator's stock valued at $382,000 after purchasing an additional 2,513 shares during the period. Fox Run Management L.L.C. grew its stake in shares of Bloomin' Brands by 8.6% in the 4th 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 during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Bloomin' Brands by 6.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,395 shares of the restaurant operator's stock worth $333,000 after buying an additional 2,622 shares in the last quarter.

Analysts Set New Price Targets

Several analysts recently commented on the company. Zacks Research raised Bloomin' Brands from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. The Goldman Sachs Group increased their price objective on Bloomin' Brands from $6.00 to $8.50 and gave the stock a "neutral" rating in a research note on Thursday, May 7th. Citigroup cut 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. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $11.00 target price on shares of Bloomin' Brands in a research note on Thursday, August 6th. Finally, UBS Group increased their target price on shares of Bloomin' Brands from $6.00 to $9.00 and gave the stock a "neutral" rating in a research 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 given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $9.75.

Bloomin' Brands Stock Down 3.5%

NASDAQ BLMN opened at $11.04 on Wednesday. The firm has a market cap of $945.24 million, a PE ratio of 35.61, a price-to-earnings-growth ratio of 2.95 and a beta of 1.22. Bloomin' Brands, Inc. has a one year low of $5.19 and a one year high of $12.63. The stock's 50 day simple moving average is $9.23 and its 200 day simple moving average is $7.57. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.25 and a quick ratio of 0.18.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The restaurant operator reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.10. The firm had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1 billion. Bloomin' Brands had a return on equity of 28.95% and a net margin of 0.70%.The business's revenue was up 1.3% on a year-over-year basis. During the same period last year, the firm posted $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. As a group, sell-side analysts forecast that Bloomin' Brands, Inc. will post 0.98 earnings per share for the current fiscal year.

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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