Bloomin’ Brands, Inc. $BLMN Stake Lessened by Quantinno Capital Management LP

Quantinno Capital Management LP lessened its holdings in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 72.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,091 shares of the restaurant operator’s stock after selling 72,329 shares during the period. Quantinno Capital Management LP’s holdings in Bloomin’ Brands were worth $152,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of BLMN. Royal Bank of Canada boosted 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 acquiring an additional 111,801 shares during the period. 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 valued at $4,240,000 after purchasing an additional 360,450 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Bloomin’ Brands by 6.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,395 shares of the restaurant operator’s stock worth $333,000 after purchasing an additional 2,622 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Bloomin’ Brands by 123.1% during the first quarter. Millennium Management LLC now owns 2,299,778 shares of the restaurant operator’s stock worth $16,489,000 after purchasing an additional 1,268,988 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Bloomin’ Brands by 4.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,048,497 shares of the restaurant operator’s stock worth $7,518,000 after purchasing an additional 43,329 shares during the period.

Analyst Ratings Changes

A number of brokerages recently commented on BLMN. UBS Group boosted their price objective on shares of Bloomin’ Brands from $6.00 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Zacks Research raised shares of Bloomin’ Brands from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Weiss Ratings cut shares of Bloomin’ Brands from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, August 19th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $12.00 price target on shares of Bloomin’ Brands in a research note on Thursday, August 6th. Finally, Piper Sandler increased 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. One investment 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $9.75.

Bloomin’ Brands Trading Down 3.5%

NASDAQ:BLMN opened at $11.04 on Wednesday. The stock’s 50 day moving average price is $9.23 and its 200 day moving average price is $7.57. Bloomin’ Brands, Inc. has a 52 week low of $5.19 and a 52 week high of $12.63. The company has a market capitalization of $945.24 million, a P/E ratio of 35.61, a P/E/G ratio of 2.95 and a beta of 1.22. 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) last posted its earnings results on Wednesday, August 5th. The restaurant operator reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.10. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1 billion. Bloomin’ Brands had a net margin of 0.70% and a return on equity of 28.95%. The company’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $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. On average, research analysts forecast that Bloomin’ Brands, Inc. will post 0.98 EPS for the current fiscal 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.