Commonwealth Equity Services LLC Buys 384,420 Shares of Bloomin’ Brands, Inc. $BLMN

Commonwealth Equity Services LLC grew its stake in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 56.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,066,763 shares of the restaurant operator’s stock after acquiring an additional 384,420 shares during the quarter. Commonwealth Equity Services LLC owned about 1.25% of Bloomin’ Brands worth $6,582,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Renaissance Technologies LLC bought a new stake in shares of Bloomin’ Brands during the 4th quarter valued at $1,289,000. Federated Hermes Inc. lifted its position in shares of Bloomin’ Brands by 115.9% during the 4th quarter. Federated Hermes Inc. now owns 2,064,940 shares of the restaurant operator’s stock valued at $12,741,000 after acquiring an additional 1,108,500 shares during the period. Towle & Co. lifted its position in shares of Bloomin’ Brands by 43.0% during the 4th quarter. Towle & Co. now owns 1,317,776 shares of the restaurant operator’s stock worth $8,131,000 after buying an additional 396,333 shares during the last quarter. Nuveen LLC lifted its position in shares of Bloomin’ Brands by 371.5% during the 4th quarter. Nuveen LLC now owns 1,057,233 shares of the restaurant operator’s stock worth $6,523,000 after buying an additional 832,982 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in shares of Bloomin’ Brands by 39.4% during the 4th quarter. Empowered Funds LLC now owns 275,991 shares of the restaurant operator’s stock worth $1,703,000 after buying an additional 78,055 shares during the last quarter.

Bloomin’ Brands Price Performance

Shares of BLMN stock opened at $7.27 on Friday. 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 company has a market cap of $622.38 million, a P/E ratio of 29.08, a P/E/G ratio of 1.91 and a beta of 1.22. The business has a fifty day simple moving average of $6.88 and a 200 day simple moving average of $6.68.

Bloomin’ Brands (NASDAQ:BLMN) last posted its 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. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. Bloomin’ Brands had a return on equity of 28.00% and a net margin of 0.55%.The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the company earned $0.59 earnings per share. 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 fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Citigroup upped their price objective on Bloomin’ Brands from $6.75 to $9.50 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Sanford C. Bernstein set a $9.00 price objective on Bloomin’ Brands in a research report on Thursday, May 7th. Weiss Ratings downgraded Bloomin’ Brands from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. The Goldman Sachs Group upped their price objective on Bloomin’ Brands from $6.00 to $8.50 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. downgraded Bloomin’ Brands from a “neutral” rating to an “underweight” rating and set a $6.00 price objective for the company. in a research report on Friday, April 24th. Seven equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $8.78.

Insider Buying and Selling

In other news, Director Rohit Lal bought 10,000 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was purchased at an average cost of $5.69 per share, for a total transaction of $56,900.00. Following the completion of the transaction, the director owned 30,156 shares of the company’s stock, valued at $171,587.64. This trade represents a 49.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 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.