Prosperitas Financial LLC Acquires New Shares in Bloomin’ Brands, Inc. $BLMN

Prosperitas Financial LLC acquired 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 fund acquired 688,054 shares of the restaurant operator’s stock, valued at approximately $6,289,000. Bloomin’ Brands comprises approximately 2.0% of Prosperitas Financial LLC’s portfolio, making the stock its 13th largest holding. Prosperitas Financial LLC owned about 0.80% of Bloomin’ Brands at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BLMN. BlackRock Inc. bought a new position in Bloomin’ Brands in the second quarter valued at about $62,563,000. Miller Value Partners LLC bought a new stake in shares of Bloomin’ Brands during the second quarter worth about $23,635,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of 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 worth $21,109,000 after purchasing an additional 1,736,001 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Bloomin’ Brands by 123.1% during the first quarter. Millennium Management LLC now owns 2,299,778 shares of the restaurant operator’s stock worth $16,489,000 after purchasing an additional 1,268,988 shares during the last quarter. Finally, Federated Hermes Inc. increased its stake in shares of Bloomin’ Brands by 115.9% in the fourth quarter. Federated Hermes Inc. now owns 2,064,940 shares of the restaurant operator’s stock valued at $12,741,000 after buying an additional 1,108,500 shares during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BLMN shares. Piper Sandler lifted their target price on shares of Bloomin’ Brands from $9.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Morgan Stanley lifted their price target on shares of Bloomin’ Brands from $8.00 to $12.00 and gave the stock an “equal weight” rating in a report on Thursday, August 6th. Sanford C. Bernstein set a $9.00 price objective on shares of Bloomin’ Brands in a research note on Thursday, May 7th. The Goldman Sachs Group increased their price objective on Bloomin’ Brands from $6.00 to $8.50 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $11.00 target price on shares of Bloomin’ Brands in a research report on Thursday, August 6th. One 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.75.

Bloomin’ Brands Stock Performance

Shares of BLMN stock opened at $10.58 on Friday. The stock has a market capitalization of $905.86 million, a PE ratio of 34.13, a PEG ratio of 2.69 and a beta of 1.22. The business’s 50 day simple moving average is $9.40 and its 200 day simple moving average is $7.65. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.25 and a quick ratio of 0.18. Bloomin’ Brands, Inc. has a one year low of $5.19 and a one year high of $12.63.

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

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.