59,264 Shares in Bloomin’ Brands, Inc. $BLMN Purchased by Legal & General Group Plc

Legal & General Group Plc bought a new position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 59,264 shares of the restaurant operator’s stock, valued at approximately $542,000.

Other hedge funds also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its position in shares of 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 valued at $34,000 after acquiring an additional 1,662 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Bloomin’ Brands by 2.2% in the 3rd quarter. Alliancebernstein L.P. now owns 97,268 shares of the restaurant operator’s stock worth $697,000 after acquiring an additional 2,103 shares during the period. Deutsche Bank AG grew its holdings 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 worth $382,000 after acquiring an additional 2,513 shares during the period. Fox Run Management L.L.C. increased its stake in 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 in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in 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 valued at $333,000 after purchasing an additional 2,622 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts have commented on the company. Zacks Research upgraded Bloomin’ Brands from a “hold” rating to a “strong-buy” rating in a research 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. Wall Street Zen raised Bloomin’ Brands from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $11.00 price target on shares of Bloomin’ Brands in a report on Thursday, August 6th. Finally, Morgan Stanley upped their price objective on shares of Bloomin’ Brands from $8.00 to $12.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Bloomin’ Brands currently has a consensus rating of “Hold” and an average price target of $9.75.

Bloomin’ Brands Stock Down 2.1%

Shares of BLMN opened at $9.58 on Wednesday. The firm has a market cap of $820.24 million, a PE ratio of 30.90, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23. The company’s fifty day moving average is $9.55 and its two-hundred day moving average is $7.81. Bloomin’ Brands, Inc. has a fifty-two week low of $5.19 and a fifty-two week high of $12.63. The company has a quick ratio of 0.18, a current ratio of 0.25 and a debt-to-equity ratio of 1.62.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings data 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 business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1 billion. Bloomin’ Brands had a return on equity of 28.95% and a net margin of 0.70%.The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior 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. Analysts forecast that Bloomin’ Brands, Inc. will post 0.98 earnings per share for the current 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.