Intech Investment Management LLC Sells 81,138 Shares of Bloomin’ Brands, Inc. $BLMN

Intech Investment Management LLC trimmed its position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 22.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 284,707 shares of the restaurant operator’s stock after selling 81,138 shares during the period. Intech Investment Management LLC owned approximately 0.33% of Bloomin’ Brands worth $1,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Millennium Management LLC lifted its position in Bloomin’ Brands by 123.1% during the first quarter. Millennium Management LLC now owns 2,299,778 shares of the restaurant operator’s stock valued at $16,489,000 after purchasing an additional 1,268,988 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Bloomin’ Brands by 411.8% in the 2nd quarter. Marshall Wace LLP now owns 712,587 shares of the restaurant operator’s stock worth $6,135,000 after buying an additional 573,363 shares in the last quarter. Counterpoint Mutual Funds LLC increased its holdings in shares of Bloomin’ Brands by 1,069.7% in the 3rd quarter. Counterpoint Mutual Funds LLC now owns 431,359 shares of the restaurant operator’s stock worth $3,093,000 after buying an additional 394,480 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Bloomin’ Brands by 156.1% in the 1st quarter. AQR Capital Management LLC now owns 591,373 shares of the restaurant operator’s stock worth $4,240,000 after buying an additional 360,450 shares during the last quarter. Finally, Aquatic Capital Management LLC raised its position in shares of Bloomin’ Brands by 1,921.1% during the 3rd quarter. Aquatic Capital Management LLC now owns 276,825 shares of the restaurant operator’s stock valued at $1,985,000 after buying an additional 263,128 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages recently commented on BLMN. JPMorgan Chase & Co. downgraded shares of Bloomin’ Brands from a “neutral” rating to an “underweight” rating and set a $6.00 price target for the company. in a report on Friday, April 24th. Weiss Ratings cut Bloomin’ Brands from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 29th. Barclays raised their price objective on Bloomin’ Brands from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Wall Street Zen upgraded Bloomin’ Brands from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Finally, UBS Group boosted their target price on Bloomin’ Brands from $6.00 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Seven analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $8.78.

Bloomin’ Brands Price Performance

Bloomin’ Brands stock opened at $7.14 on Friday. Bloomin’ Brands, Inc. has a 12-month low of $5.19 and a 12-month high of $10.70. The company has a current ratio of 0.26, a quick ratio of 0.19 and a debt-to-equity ratio of 1.89. The firm has a 50-day moving average price of $6.85 and a 200-day moving average price of $6.67. The firm has a market capitalization of $611.26 million, a PE ratio of 28.56, a price-to-earnings-growth ratio of 2.00 and a beta of 1.22.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.67 EPS for the quarter, beating the consensus estimate of $0.57 by $0.10. Bloomin’ Brands had a net margin of 0.55% and a return on equity of 28.00%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. The firm’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.59 EPS. Bloomin’ Brands has set its FY 2026 guidance at 0.750-0.900 EPS and its Q2 2026 guidance at 0.270-0.320 EPS. As a group, equities research analysts forecast that Bloomin’ Brands, Inc. will post 0.88 EPS for the current year.

Insider Activity at Bloomin’ Brands

In other Bloomin’ Brands news, Director Rohit Lal purchased 10,000 shares of Bloomin’ Brands stock in a transaction dated Wednesday, March 11th. The shares were purchased at an average cost of $5.69 per share, for a total transaction of $56,900.00. Following the completion of the acquisition, the director owned 30,156 shares in the company, valued at $171,587.64. This represents a 49.61% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.18% of the company’s stock.

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.