Bloomin’ Brands, Inc. $BLMN Holdings Lowered by Royal Bank of Canada

Royal Bank of Canada reduced its stake in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 80.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,335 shares of the restaurant operator’s stock after selling 86,998 shares during the period. Royal Bank of Canada’s holdings in Bloomin’ Brands were worth $115,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. 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. Alliancebernstein L.P. boosted its stake in Bloomin’ Brands by 2.2% during the 3rd quarter. Alliancebernstein L.P. now owns 97,268 shares of the restaurant operator’s stock valued at $697,000 after purchasing an additional 2,103 shares in the last quarter. Deutsche Bank AG boosted its stake in Bloomin’ Brands by 4.2% during the 4th quarter. Deutsche Bank AG now owns 61,986 shares of the restaurant operator’s stock valued at $382,000 after purchasing an additional 2,513 shares in the last quarter. Fox Run Management L.L.C. increased its position in shares of Bloomin’ Brands by 8.6% during the 4th quarter. Fox Run Management L.L.C. now owns 32,265 shares of the restaurant operator’s stock valued at $199,000 after purchasing an additional 2,568 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Bloomin’ Brands by 6.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,395 shares of the restaurant operator’s stock valued at $333,000 after purchasing an additional 2,622 shares during the period.

Bloomin’ Brands Price Performance

NASDAQ BLMN opened at $10.58 on Monday. Bloomin’ Brands, Inc. has a 1 year low of $5.19 and a 1 year high of $12.63. The business’s fifty day moving average is $9.40 and its two-hundred day moving average is $7.65. The stock has a market capitalization of $905.86 million, a P/E ratio of 34.13, a P/E/G ratio of 2.73 and a beta of 1.22. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.18 and a current ratio of 0.25.

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on BLMN shares. Citigroup dropped their price objective on Bloomin’ Brands from $9.50 to $8.75 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Weiss Ratings cut shares of Bloomin’ Brands from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 19th. UBS Group upped their price target on shares of Bloomin’ Brands from $6.00 to $9.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Zacks Research upgraded shares of Bloomin’ Brands from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Finally, The Goldman Sachs Group lifted their price objective on shares of Bloomin’ Brands from $6.00 to $8.50 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Bloomin’ Brands currently has a consensus rating of “Hold” and an average 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.