Prosperitas Financial LLC Purchases Shares of 688,054 Bloomin’ Brands, Inc. $BLMN

Prosperitas Financial LLC purchased a new stake in Bloomin’ Brands, Inc. (NASDAQ:BLMN) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 688,054 shares of the restaurant operator’s stock, valued at approximately $6,289,000. Bloomin’ Brands comprises 2.0% of Prosperitas Financial LLC’s portfolio, making the stock its 17th largest holding.

Several other hedge funds have also recently bought and sold shares of BLMN. Quarry LP bought a new stake in shares of Bloomin’ Brands during the fourth quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Bloomin’ Brands by 83,825.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,357 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 3,353 shares during the period. Hilton Head Capital Partners LLC bought a new position in shares of Bloomin’ Brands during the fourth quarter worth approximately $31,000. PNC Financial Services Group Inc. lifted its holdings in Bloomin’ Brands by 44.1% during the 4th 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 last quarter. Finally, Allworth Financial LP acquired a new stake in Bloomin’ Brands during the 2nd quarter worth approximately $55,000.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Wall Street Zen raised Bloomin’ Brands from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. BMO Capital Markets reissued a “market perform” rating and set a $12.00 target price on shares of Bloomin’ Brands in a report on Thursday, August 6th. Citigroup reduced their target price 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. UBS Group raised their price target 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. Finally, Piper Sandler lifted their price objective on shares of Bloomin’ Brands from $9.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. One research 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 stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $9.75.

Bloomin’ Brands Stock Performance

NASDAQ BLMN opened at $9.73 on Friday. Bloomin’ Brands, Inc. has a 1 year low of $5.19 and a 1 year high of $12.63. The firm has a market capitalization of $833.08 million, a price-to-earnings ratio of 31.39, a P/E/G ratio of 2.56 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. The firm’s 50 day simple moving average is $9.52 and its 200 day simple moving average is $7.74.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings results on Wednesday, August 5th. The restaurant operator reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10. The company 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%.Bloomin’ Brands’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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, research analysts expect that Bloomin’ Brands, Inc. will post 0.98 earnings per share for the current fiscal 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.