Susquehanna Fundamental Investments LLC Buys New Position in Bloomin’ Brands, Inc. $BLMN

Susquehanna Fundamental Investments LLC bought a new stake in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 124,695 shares of the restaurant operator’s stock, valued at approximately $1,140,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BLMN. Northwestern Mutual Wealth Management Co. lifted 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 worth $29,000 after acquiring an additional 3,353 shares during the period. Quarry LP acquired a new position in shares of Bloomin’ Brands during the fourth quarter valued at approximately $25,000. Hilton Head Capital Partners LLC acquired a new position in shares of Bloomin’ Brands during the fourth quarter valued at approximately $31,000. PNC Financial Services Group Inc. raised its holdings 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 in the last quarter. Finally, Allworth Financial LP acquired a new stake in Bloomin’ Brands in the second quarter worth approximately $55,000.

Bloomin’ Brands Stock Down 5.4%

BLMN stock opened at $9.74 on Wednesday. Bloomin’ Brands, Inc. has a 12 month low of $5.19 and a 12 month high of $12.63. The firm has a market cap of $833.94 million, a PE ratio of 31.42, a P/E/G ratio of 2.65 and a beta of 1.23. The firm has a 50 day simple moving average of $9.47 and a 200 day simple moving average of $7.69. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.25 and a quick ratio of 0.18.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings results on Wednesday, August 5th. The restaurant operator reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.10. The firm had revenue of $1.02 billion for 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%. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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. Equities research analysts forecast that Bloomin’ Brands, Inc. will post 0.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on BLMN. Piper Sandler increased their price target on Bloomin’ Brands from $9.00 to $12.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. The Goldman Sachs Group boosted their price objective on Bloomin’ Brands from $6.00 to $8.50 and gave the stock a “neutral” rating in a research note 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. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $11.00 target price on shares of Bloomin’ Brands in a research note on Thursday, August 6th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $12.00 target price on shares of Bloomin’ Brands in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $9.75.

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.