VIRGINIA RETIREMENT SYSTEMS ET Al Takes $808,000 Position in Bloomin’ Brands, Inc. $BLMN

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 131,000 shares of the restaurant operator’s stock, valued at approximately $808,000.

Other hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its holdings 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 acquiring an additional 3,353 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Bloomin’ Brands by 50.9% during the 4th quarter. GAMMA Investing LLC now owns 6,221 shares of the restaurant operator’s stock valued at $38,000 after acquiring an additional 2,099 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of Bloomin’ Brands by 178.1% during the 2nd quarter. Lazard Asset Management LLC now owns 10,378 shares of the restaurant operator’s stock valued at $88,000 after acquiring an additional 6,646 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of Bloomin’ Brands during the 2nd quarter valued at about $99,000. Finally, R Squared Ltd bought a new stake in Bloomin’ Brands during the 4th quarter valued at approximately $80,000.

Insider Activity at Bloomin’ Brands

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

Bloomin’ Brands Stock Performance

BLMN stock opened at $8.04 on Monday. The business has a fifty day moving average price of $6.27 and a 200 day moving average price of $6.57. Bloomin’ Brands, Inc. has a fifty-two week low of $5.19 and a fifty-two week high of $10.70. The stock has a market capitalization of $688.30 million, a price-to-earnings ratio of 32.16, a P/E/G ratio of 2.15 and a beta of 1.10. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.26 and a quick ratio of 0.19.

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, beating analysts’ consensus estimates of $0.57 by $0.10. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Bloomin’ Brands had a return on equity of 28.00% and a net margin of 0.55%.The business’s revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm posted $0.59 EPS. 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. Analysts expect that Bloomin’ Brands, Inc. will post 0.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. UBS Group increased their target price on Bloomin’ Brands from $6.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings upgraded Bloomin’ Brands from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. Sanford C. Bernstein set a $9.00 price objective on Bloomin’ Brands in a research report on Thursday, May 7th. The Goldman Sachs Group raised their price objective on Bloomin’ Brands from $6.00 to $8.50 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Citigroup increased their target price on Bloomin’ Brands from $6.75 to $9.50 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Seven investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Bloomin’ Brands has a consensus rating of “Reduce” and an average target price of $8.78.

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.