Prosperitas Financial LLC Buys New Position in Bloomin’ Brands, Inc. $BLMN

Prosperitas Financial LLC bought a new position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 688,054 shares of the restaurant operator’s stock, valued at approximately $6,289,000. Bloomin’ Brands accounts for about 2.0% of Prosperitas Financial LLC’s investment portfolio, making the stock its 13th largest position.

A number of other hedge funds have also added to or reduced their stakes in BLMN. Quarry LP acquired a new stake in shares of Bloomin’ Brands during the 4th quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of 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 in the last quarter. Hilton Head Capital Partners LLC acquired a new position in shares of Bloomin’ Brands during the 4th quarter valued at $31,000. PNC Financial Services Group Inc. lifted its position in shares of Bloomin’ Brands by 44.1% during 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. Finally, Allworth Financial LP bought a new position in Bloomin’ Brands during the second quarter worth $55,000.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Morgan Stanley raised their price target on shares of Bloomin’ Brands from $8.00 to $12.00 and gave the stock an “equal weight” rating in a report on Thursday, August 6th. Barclays upped their price objective on shares of Bloomin’ Brands from $7.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. BMO Capital Markets restated a “market perform” rating and issued a $12.00 target price on shares of Bloomin’ Brands in a research note on Thursday, August 6th. Wall Street Zen raised Bloomin’ Brands from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $11.00 price target on shares of Bloomin’ Brands in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $9.75.

Bloomin’ Brands Stock Performance

NASDAQ BLMN opened at $10.58 on Friday. The company has a market cap of $905.86 million, a P/E ratio of 34.13, a PEG ratio of 2.69 and a beta of 1.22. The company has a fifty day simple moving average of $9.40 and a 200 day simple moving average of $7.65. The company has a current ratio of 0.25, a quick ratio of 0.18 and a debt-to-equity ratio of 1.62. Bloomin’ Brands, Inc. has a 12-month low of $5.19 and a 12-month high of $12.63.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings data on Wednesday, August 5th. The restaurant operator reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.10. Bloomin’ Brands had a net margin of 0.70% and a return on equity of 28.95%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the company posted $0.32 earnings per share. 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. Sell-side analysts predict that Bloomin’ Brands, Inc. will post 0.98 earnings per share 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.