VIRGINIA RETIREMENT SYSTEMS ET Al Invests $1.10 Million in Bloomin' Brands, Inc. $BLMN

Key Points

• Virginia Retirement Systems acquired 120,900 Bloomin’ Brands shares worth approximately $1.10 million, representing about 0.14% of the company.
• Several institutional investors increased their positions, including AQR Capital Management, Millennium Management, Royal Bank of Canada, and Goldman Sachs.
• Analyst sentiment remains mixed, with an overall “Hold” rating and an average price target of $9.75. Bloomin’ Brands recently beat quarterly earnings estimates, reporting $0.39 in EPS versus the $0.29 consensus.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 120,900 shares of the restaurant operator's stock, valued at approximately $1,105,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.14% of Bloomin' Brands as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Royal Bank of Canada increased its position in Bloomin' Brands by 50.4% during the 1st quarter. Royal Bank of Canada now owns 333,693 shares of the restaurant operator's stock worth $2,393,000 after purchasing an additional 111,801 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Bloomin' Brands by 156.1% during the 1st quarter. AQR Capital Management LLC now owns 591,373 shares of the restaurant operator's stock worth $4,240,000 after purchasing an additional 360,450 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Bloomin' Brands by 6.0% during the first 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. Millennium Management LLC raised its position in shares of Bloomin' Brands by 123.1% in the first quarter. Millennium Management LLC now owns 2,299,778 shares of the restaurant operator's stock valued at $16,489,000 after buying an additional 1,268,988 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Bloomin' Brands by 4.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,048,497 shares of the restaurant operator's stock valued at $7,518,000 after buying an additional 43,329 shares during the last quarter.

Analyst Upgrades and Downgrades

BLMN has been the topic of a number of analyst reports. Weiss Ratings lowered shares of Bloomin' Brands from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, August 19th. Wall Street Zen upgraded Bloomin' Brands from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. BMO Capital Markets restated a "market perform" rating and set a $12.00 price objective on shares of Bloomin' Brands in a report on Thursday, August 6th. Piper Sandler raised their price objective on Bloomin' Brands from $9.00 to $12.00 and gave the stock a "neutral" rating in a report on Monday, August 10th. Finally, Citigroup lowered their price objective on Bloomin' Brands from $9.50 to $8.75 and set a "neutral" rating for the company in a research report on Friday, July 24th. One investment 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, Bloomin' Brands has an average rating of "Hold" and an average price target of $9.75.

Bloomin' Brands Price Performance

BLMN opened at $8.69 on Friday. Bloomin' Brands, Inc. has a 1 year low of $5.19 and a 1 year high of $12.63. The company's 50 day simple moving average is $9.55 and its 200 day simple moving average is $7.85. The stock has a market capitalization of $744.05 million, a PE ratio of 28.03, a P/E/G ratio of 2.24 and a beta of 1.23. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.18 and a current ratio of 0.25.

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. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1 billion. Bloomin' Brands had a net margin of 0.70% and a return on equity of 28.95%. Bloomin' Brands's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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, sell-side analysts expect that Bloomin' Brands, Inc. will post 0.98 EPS 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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