Jupiter Topco LLC Buys New Holdings in Bloomin’ Brands, Inc. $BLMN

Jupiter Topco LLC bought a new position in Bloomin’ Brands, Inc. (NASDAQ:BLMN) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 625,618 shares of the restaurant operator’s stock, valued at approximately $5,718,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of BLMN. PNC Financial Services Group Inc. raised its stake in shares of Bloomin’ Brands by 44.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,431 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 1,662 shares in the last quarter. Alliancebernstein L.P. increased its stake in Bloomin’ Brands by 2.2% in the third quarter. Alliancebernstein L.P. now owns 97,268 shares of the restaurant operator’s stock valued at $697,000 after acquiring an additional 2,103 shares during the period. Deutsche Bank AG increased its stake in Bloomin’ Brands by 4.2% in the fourth quarter. Deutsche Bank AG now owns 61,986 shares of the restaurant operator’s stock valued at $382,000 after acquiring an additional 2,513 shares during the period. Fox Run Management L.L.C. raised its position in Bloomin’ Brands by 8.6% in the fourth quarter. Fox Run Management L.L.C. now owns 32,265 shares of the restaurant operator’s stock worth $199,000 after purchasing an additional 2,568 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Bloomin’ Brands by 6.0% during 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 during the period.

Bloomin’ Brands Stock Down 2.6%

Shares of BLMN opened at $10.30 on Tuesday. The company has a market capitalization of $881.89 million, a P/E ratio of 33.23, a PEG ratio of 2.73 and a beta of 1.22. Bloomin’ Brands, Inc. has a one year low of $5.19 and a one year high of $12.63. The business’s 50 day simple moving average is $9.44 and its 200-day simple moving average is $7.67. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.25 and a quick ratio of 0.18.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings results on Wednesday, August 5th. The restaurant operator reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.10. Bloomin’ Brands had a return on equity of 28.95% and a net margin of 0.70%.The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the firm posted $0.32 EPS. The business’s revenue was up 1.3% on a year-over-year basis. 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, sell-side analysts predict that Bloomin’ Brands, Inc. will post 0.98 EPS for the current fiscal year.

Analysts Set New Price Targets

BLMN has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $11.00 price objective on shares of Bloomin’ Brands in a report on Thursday, August 6th. Piper Sandler boosted their price target on Bloomin’ Brands from $9.00 to $12.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Barclays upped their price target on Bloomin’ Brands from $7.00 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. BMO Capital Markets reissued a “market perform” rating and set a $12.00 price objective on shares of Bloomin’ Brands in a report on Thursday, August 6th. Finally, Morgan Stanley boosted their target price 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 research 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 company’s stock. Based on data from MarketBeat.com, Bloomin’ Brands presently has a consensus rating of “Hold” and an average target price of $9.75.

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.