Weiss Asset Management LP Takes Position in Bloomin’ Brands, Inc. $BLMN

Weiss Asset Management LP bought a new position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 291,844 shares of the restaurant operator’s stock, valued at approximately $1,576,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in 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 acquiring an additional 1,662 shares during the period. GAMMA Investing LLC lifted its position in Bloomin’ Brands by 50.9% during the 4th quarter. GAMMA Investing LLC now owns 6,221 shares of the restaurant operator’s stock worth $38,000 after acquiring an additional 2,099 shares during the period. Alliancebernstein L.P. lifted its position in Bloomin’ Brands by 2.2% during the 3rd quarter. Alliancebernstein L.P. now owns 97,268 shares of the restaurant operator’s stock worth $697,000 after acquiring an additional 2,103 shares during the period. Deutsche Bank AG grew its stake in shares of Bloomin’ Brands by 4.2% in the 4th quarter. Deutsche Bank AG now owns 61,986 shares of the restaurant operator’s stock valued at $382,000 after purchasing an additional 2,513 shares during the last quarter. Finally, Fox Run Management L.L.C. grew its stake in shares of Bloomin’ Brands by 8.6% in the 4th quarter. Fox Run Management L.L.C. now owns 32,265 shares of the restaurant operator’s stock valued at $199,000 after purchasing an additional 2,568 shares during the last quarter.

Bloomin’ Brands Price Performance

BLMN stock opened at $7.94 on Monday. The firm has a 50 day moving average of $8.12 and a 200-day moving average of $7.06. The company has a market cap of $679.74 million, a price-to-earnings ratio of 31.76, a PEG ratio of 6.33 and a beta of 1.21. The company has a current ratio of 0.26, a quick ratio of 0.19 and a debt-to-equity ratio of 1.89. Bloomin’ Brands, Inc. has a 12-month low of $5.19 and a 12-month high of $10.15.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.10. Bloomin’ Brands had a return on equity of 28.00% and a net margin of 0.55%.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 EPS. The company’s 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. As a group, equities analysts expect that Bloomin’ Brands, Inc. will post 0.86 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Citigroup cut their price target on Bloomin’ Brands from $9.50 to $8.75 and set a “neutral” rating for the company in a research note on Friday. Wall Street Zen lowered shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. The Goldman Sachs Group boosted their price objective on shares of Bloomin’ Brands from $6.00 to $8.50 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Sanford C. Bernstein set a $9.00 price objective on shares of Bloomin’ Brands in a research note on Thursday, May 7th. Finally, Barclays upped their price objective on shares of Bloomin’ Brands from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Six investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $8.53.

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.