Susquehanna Fundamental Investments LLC Takes $1.14 Million Position in Bloomin' Brands, Inc. $BLMN

Key Points

• Susquehanna Fundamental Investments purchased 124,695 shares of Bloomin' Brands in the second quarter, establishing a position worth approximately $1.14 million, or about 0.15% of the company.
• Several institutional investors increased or initiated holdings, including Dimensional Fund Advisors and Renaissance Technologies, which raised their stakes by 84.9% and 77.1%, respectively.
• Bloomin' Brands exceeded quarterly earnings expectations, reporting $0.39 EPS versus the $0.29 consensus and $1.02 billion in revenue. Despite recent analyst upgrades, the stock has an overall “Hold” rating with an average price target of $9.75.

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 124,695 shares of the restaurant operator's stock, valued at approximately $1,140,000. Susquehanna Fundamental Investments LLC owned approximately 0.15% of Bloomin' Brands at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Bloomin' Brands during the 4th quarter valued at about $808,000. Landscape Capital Management L.L.C. bought a new position in Bloomin' Brands in the second quarter worth about $1,198,000. Dimensional Fund Advisors LP lifted its holdings 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 worth $11,924,000 after acquiring an additional 1,013,953 shares during the last quarter. Ieq Capital LLC acquired a new position in Bloomin' Brands in the second quarter valued at approximately $2,474,000. Finally, Renaissance Technologies LLC boosted its stake in Bloomin' Brands by 77.1% in the first quarter. Renaissance Technologies LLC now owns 369,796 shares of the restaurant operator's stock valued at $1,997,000 after acquiring an additional 160,942 shares during the period.

Bloomin' Brands Price Performance

Shares of NASDAQ:BLMN opened at $9.74 on Wednesday. The firm's 50 day moving average is $9.47 and its two-hundred day moving average is $7.69. The firm has a market capitalization of $833.94 million, a P/E ratio of 31.42, a PEG ratio of 2.65 and a beta of 1.23. The company has a current ratio of 0.25, a quick ratio of 0.18 and a debt-to-equity ratio of 1.62. Bloomin' Brands, Inc. has a 52 week low of $5.19 and a 52 week high of $12.63.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last issued its quarterly earnings data 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 return on equity of 28.95% and a net margin of 0.70%.The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period in the previous year, the firm posted $0.32 earnings per share. The business's revenue 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. Analysts anticipate that Bloomin' Brands, Inc. will post 0.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BLMN. Wall Street Zen upgraded Bloomin' Brands from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Zacks Research upgraded Bloomin' Brands from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. The Goldman Sachs Group upped 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. Sanford C. Bernstein set a $9.00 target price on Bloomin' Brands in a research report on Thursday, May 7th. Finally, UBS Group raised 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. One analyst has rated the stock with a Strong Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target 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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