Bloomin’ Brands, Inc. $BLMN Shares Sold by LSV Asset Management

LSV Asset Management trimmed its holdings in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 2.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,734,539 shares of the restaurant operator’s stock after selling 71,800 shares during the quarter. LSV Asset Management’s holdings in Bloomin’ Brands were worth $16,872,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of Bloomin’ Brands by 83,825.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,357 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 3,353 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Bloomin’ Brands by 44.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,431 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 1,662 shares during the last quarter. GAMMA Investing LLC increased its position in Bloomin’ Brands by 50.9% during the fourth quarter. GAMMA Investing LLC now owns 6,221 shares of the restaurant operator’s stock worth $38,000 after purchasing an additional 2,099 shares during the last quarter. R Squared Ltd acquired a new position in Bloomin’ Brands during the fourth quarter worth $80,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in Bloomin’ Brands during the fourth quarter worth $80,000.

Wall Street Analysts Forecast Growth

BLMN has been the subject of a number of recent research reports. UBS Group lifted their price target on shares of Bloomin’ Brands from $6.00 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings raised shares of Bloomin’ Brands from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. Barclays boosted their price objective on shares of Bloomin’ Brands from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Sanford C. Bernstein set a $9.00 target price on shares of Bloomin’ Brands in a research report on Thursday, May 7th. Finally, The Goldman Sachs Group boosted their target price on shares of Bloomin’ Brands from $6.00 to $8.50 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Seven equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Bloomin’ Brands has a consensus rating of “Reduce” and an average price target of $8.78.

Insider Transactions at Bloomin’ Brands

In other Bloomin’ Brands news, Director Rohit Lal bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was purchased at an average price of $5.69 per share, with a total value of $56,900.00. Following the transaction, the director owned 30,156 shares in the company, valued at $171,587.64. This trade represents a 49.61% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.18% of the company’s stock.

Bloomin’ Brands Price Performance

NASDAQ:BLMN opened at $7.82 on Tuesday. The firm has a market cap of $669.47 million, a price-to-earnings ratio of 31.28, a price-to-earnings-growth ratio of 2.09 and a beta of 1.10. The company has a current ratio of 0.26, a quick ratio of 0.19 and a debt-to-equity ratio of 1.89. The company’s 50-day moving average is $6.49 and its two-hundred day moving average is $6.60. Bloomin’ Brands, Inc. has a 12-month low of $5.19 and a 12-month high of $10.70.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. Bloomin’ Brands had a net margin of 0.55% and a return on equity of 28.00%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the company posted $0.59 EPS. The company’s quarterly 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. Research analysts expect that Bloomin’ Brands, Inc. will post 0.88 EPS for the current year.

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.