Skylands Capital LLC Has $513,000 Position in Bloomin’ Brands, Inc. $BLMN

Skylands Capital LLC cut its position in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 61.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 94,950 shares of the restaurant operator’s stock after selling 152,700 shares during the period. Skylands Capital LLC’s holdings in Bloomin’ Brands were worth $513,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP bought a new position in Bloomin’ Brands in the 4th quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. increased its position in Bloomin’ Brands by 83,825.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,357 shares of the restaurant operator’s stock valued at $29,000 after acquiring 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 valued at $31,000. PNC Financial Services Group Inc. raised its stake in shares of Bloomin’ Brands by 44.1% during the fourth 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 last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Bloomin’ Brands by 50.9% during the fourth quarter. GAMMA Investing LLC now owns 6,221 shares of the restaurant operator’s stock worth $38,000 after purchasing an additional 2,099 shares during the period.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on BLMN shares. Sanford C. Bernstein set a $9.00 target price on Bloomin’ Brands in a research report on Thursday, May 7th. JPMorgan Chase & Co. cut Bloomin’ Brands from a “neutral” rating to an “underweight” rating and set a $6.00 price target for the company. in a research note on Friday, April 24th. Barclays raised their price objective on Bloomin’ Brands from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. The Goldman Sachs Group lifted 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. Finally, UBS Group upped their target price on Bloomin’ Brands from $6.00 to $9.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Seven research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $8.78.

Bloomin’ Brands Price Performance

Shares of NASDAQ BLMN opened at $8.97 on Monday. The company has a market capitalization of $767.92 million, a PE ratio of 35.88, a P/E/G ratio of 2.40 and a beta of 1.21. The company has a quick ratio of 0.19, a current ratio of 0.26 and a debt-to-equity ratio of 1.89. Bloomin’ Brands, Inc. has a twelve month low of $5.19 and a twelve month high of $10.70. The firm has a fifty day simple moving average of $7.56 and a 200 day simple moving average of $6.82.

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 analysts’ consensus estimates of $0.57 by $0.10. Bloomin’ Brands had a net margin of 0.55% and a return on equity of 28.00%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the firm posted $0.59 earnings per share. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. 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. On average, sell-side analysts forecast that Bloomin’ Brands, Inc. will post 0.88 EPS for the current year.

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.