Miller Value Partners LLC Purchases New Shares in Bloomin’ Brands, Inc. $BLMN

Miller Value Partners LLC acquired a new stake in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) during the 2nd quarter, HoldingsChannel reports. The firm acquired 2,585,909 shares of the restaurant operator’s stock, valued at approximately $23,635,000. Bloomin’ Brands comprises approximately 5.6% of Miller Value Partners LLC’s portfolio, making the stock its 4th largest holding.

Several other institutional investors have also recently made changes to their positions in BLMN. Jupiter Topco LLC purchased a new stake in shares of Bloomin’ Brands in the second quarter valued at about $5,718,000. Hsbc Holdings PLC bought a new stake in Bloomin’ Brands in the 2nd quarter worth about $94,000. Canada Pension Plan Investment Board purchased a new stake in Bloomin’ Brands in the 2nd quarter valued at about $971,000. Legal & General Group Plc bought a new position in shares of Bloomin’ Brands during the 2nd quarter worth approximately $542,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Bloomin’ Brands in the 2nd quarter worth approximately $208,000.

Analysts Set New Price Targets

BLMN has been the subject of several recent analyst reports. Sanford C. Bernstein set a $9.00 target price on Bloomin’ Brands in a report on Thursday, May 7th. Weiss Ratings lowered Bloomin’ Brands from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, August 19th. Morgan Stanley boosted their price objective on Bloomin’ Brands from $8.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Piper Sandler upped their price objective on Bloomin’ Brands from $9.00 to $12.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $11.00 target price on shares of Bloomin’ Brands in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $9.75.

Bloomin’ Brands Price Performance

Bloomin’ Brands stock opened at $11.04 on Wednesday. Bloomin’ Brands, Inc. has a one year low of $5.19 and a one year high of $12.63. The business has a fifty day moving average price of $9.23 and a 200-day moving average price of $7.57. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.25 and a quick ratio of 0.18. The firm has a market capitalization of $945.24 million, a P/E ratio of 35.61, a PEG ratio of 2.95 and a beta of 1.22.

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

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.