Bloomin’ Brands, Inc. $BLMN Shares Newly Acquired by Penn Capital Management Company LLC

Penn Capital Management Company LLC acquired a new stake in Bloomin’ Brands, Inc. (NASDAQ:BLMN) during the third quarter, Holdings Channel.com reports. The firm acquired 158,473 shares of the restaurant operator’s stock, valued at approximately $1,228,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BLMN. BlackRock Inc. bought a new stake in Bloomin’ Brands during the second quarter worth approximately $62,563,000. Arrowstreet Capital Limited Partnership grew its holdings in Bloomin’ Brands by 79.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,908,998 shares of the restaurant operator’s stock valued at $21,109,000 after purchasing an additional 1,736,001 shares during the last quarter. Miller Value Partners LLC bought a new position in shares of Bloomin’ Brands in the second quarter valued at approximately $23,635,000. Dimensional Fund Advisors LP raised its position in shares of Bloomin’ Brands by 84.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,208,122 shares of the restaurant operator’s stock valued at $11,924,000 after purchasing an additional 1,013,953 shares during the period. Finally, Commonwealth Equity Services LLC raised its position in shares of Bloomin’ Brands by 1.3% in the third quarter. Commonwealth Equity Services LLC now owns 1,460,903 shares of the restaurant operator’s stock valued at $11,322,000 after purchasing an additional 19,136 shares during the period.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Citigroup reduced their price objective on shares of Bloomin’ Brands from $12.75 to $12.25 and set a “neutral” rating for the company in a research note on Friday, October 23rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $11.00 target price on shares of Bloomin’ Brands in a research note on Thursday, August 6th. Veritas Investment Research set a $13.00 target price on shares of Bloomin’ Brands in a report on Tuesday, September 29th. Zacks Research lowered shares of Bloomin’ Brands from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 16th. Finally, Morgan Stanley boosted their target price on shares of Bloomin’ Brands from $8.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Ten research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $11.10.

Bloomin’ Brands Price Performance

Shares of NASDAQ:BLMN opened at $9.93 on Wednesday. The business has a 50 day moving average price of $9.19 and a 200 day moving average price of $7.99. Bloomin’ Brands, Inc. has a twelve month low of $5.19 and a twelve month high of $12.63. The company has a market cap of $851.50 million, a price-to-earnings ratio of 8.94, a PEG ratio of 2.62 and a beta of 1.30. The company has a quick ratio of 0.18, a current ratio of 0.25 and a debt-to-equity ratio of 1.62.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings results on Friday, November 6th. The restaurant operator reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.07. Bloomin’ Brands had a return on equity of 25.24% and a net margin of 1.79%. The company had revenue of $944.35 million for the quarter, compared to the consensus estimate of $925.23 million. During the same period in the previous year, the business posted ($0.03) EPS. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. Bloomin’ Brands has set its FY 2026 guidance at 0.970-1.020 EPS and its Q4 2026 guidance at 0.070-0.120 EPS. Research analysts predict that Bloomin’ Brands, Inc. will post 0.99 earnings per share for the current year.

Bloomin’ Brands Profile

Bloomin’ Brands, Inc. is a restaurant company that owns, operates and franchises casual and upscale dining concepts. Its brands include Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse & Wine Bar. The company’s restaurants serve a range of offerings, including steaks and other grilled dishes, Italian cuisine, seafood and fine-dining meals. Bloomin’ Brands was founded in 1988 and is headquartered in Tampa, Florida. Bloomin’ Brands serves customers primarily in the United States, as well as in international markets through company-operated restaurants and franchise arrangements.