Canada Pension Plan Investment Board Purchases Shares of 106,200 Bloomin’ Brands, Inc. $BLMN

Canada Pension Plan Investment Board acquired a new stake in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) in the second quarter, Holdings Channel.com reports. The fund acquired 106,200 shares of the restaurant operator’s stock, valued at approximately $971,000.

Other large investors have also modified their holdings of the company. Royal Bank of Canada grew its holdings in shares of Bloomin’ Brands by 50.4% in the 1st quarter. Royal Bank of Canada now owns 333,693 shares of the restaurant operator’s stock worth $2,393,000 after acquiring an additional 111,801 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Bloomin’ Brands by 156.1% during the first quarter. AQR Capital Management LLC now owns 591,373 shares of the restaurant operator’s stock valued at $4,240,000 after purchasing an additional 360,450 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Bloomin’ Brands by 6.0% during the first 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 last quarter. Millennium Management LLC boosted its position in shares of Bloomin’ Brands by 123.1% in the 1st quarter. Millennium Management LLC now owns 2,299,778 shares of the restaurant operator’s stock valued at $16,489,000 after purchasing an additional 1,268,988 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Bloomin’ Brands by 4.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,048,497 shares of the restaurant operator’s stock valued at $7,518,000 after purchasing an additional 43,329 shares during the period.

Bloomin’ Brands Stock Performance

Shares of Bloomin’ Brands stock opened at $10.30 on Tuesday. The stock has a market cap of $881.89 million, a PE ratio of 33.23, a price-to-earnings-growth ratio of 2.73 and a beta of 1.22. The business has a fifty day simple moving average of $9.44 and a 200-day simple moving average of $7.67. 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, Inc. has a 12 month low of $5.19 and a 12 month high of $12.63.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings results 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. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1 billion. Bloomin’ Brands had a return on equity of 28.95% and a net margin of 0.70%.Bloomin’ Brands’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company 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. On average, sell-side analysts anticipate that Bloomin’ Brands, Inc. will post 0.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BLMN has been the topic of a number of analyst reports. BMO Capital Markets reissued a “market perform” rating and issued a $12.00 price target on shares of Bloomin’ Brands in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $11.00 price objective on shares of Bloomin’ Brands in a research note on Thursday, August 6th. Zacks Research upgraded shares of Bloomin’ Brands from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Barclays lifted their target price on shares of Bloomin’ Brands from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings lowered shares of Bloomin’ Brands from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, August 19th. 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.