270,678 Shares in Bloomin’ Brands, Inc. $BLMN Acquired by Ieq Capital LLC

Ieq Capital LLC bought a new position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 270,678 shares of the restaurant operator’s stock, valued at approximately $2,474,000.

Several other large investors have also added to or reduced their stakes in BLMN. Allworth Financial LP bought a new position in shares of Bloomin’ Brands in the second quarter worth approximately $55,000. BlackRock Inc. bought a new position in Bloomin’ Brands in the 2nd quarter worth $62,563,000. Deutsche Bank AG bought a new position in Bloomin’ Brands in the 2nd quarter worth $815,000. Bank of New York Mellon Corp purchased a new stake in Bloomin’ Brands in the 2nd quarter worth $2,652,000. Finally, Focus Partners Advisor Solutions LLC purchased a new stake in Bloomin’ Brands in the 2nd quarter worth $125,000.

Bloomin’ Brands Stock Down 1.6%

Shares of BLMN stock opened at $11.44 on Tuesday. The company’s fifty day simple moving average is $9.16 and its two-hundred day simple moving average is $7.54. Bloomin’ Brands, Inc. has a 52 week low of $5.19 and a 52 week high of $12.63. The stock has a market cap of $979.49 million, a P/E ratio of 36.90, a PEG ratio of 3.00 and a beta of 1.22. 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 data on Wednesday, August 5th. The restaurant operator reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.10. Bloomin’ Brands had a return on equity of 28.95% and a net margin of 0.70%.The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the business posted $0.32 earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. 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. Analysts predict that Bloomin’ Brands, Inc. will post 0.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BLMN. Zacks Research upgraded Bloomin’ Brands from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. The Goldman Sachs Group increased their target price on Bloomin’ Brands from $6.00 to $8.50 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Morgan Stanley lifted their target price on Bloomin’ Brands from $8.00 to $12.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. UBS Group upped their price target on Bloomin’ Brands from $6.00 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $11.00 price objective 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 assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Bloomin’ Brands currently has an average rating of “Hold” and an average target price of $9.75.

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.