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

Penn Capital Management Company LLC bought a new stake in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 158,473 shares of the restaurant operator’s stock, valued at approximately $1,228,000. Penn Capital Management Company LLC owned 0.19% of Bloomin’ Brands as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Bloomin’ Brands during the 2nd quarter worth about $1,105,000. Ieq Capital LLC bought a new position in shares of Bloomin’ Brands in the second quarter valued at approximately $2,474,000. Prosperitas Financial LLC bought a new position in shares of Bloomin’ Brands in the second quarter valued at approximately $6,289,000. Bank of New York Mellon Corp acquired a new position in shares of Bloomin’ Brands during the second quarter valued at approximately $2,652,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in Bloomin’ Brands in the second quarter worth approximately $1,198,000.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Weiss Ratings cut Bloomin’ Brands from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Zacks Research cut shares of Bloomin’ Brands from a “strong-buy” rating to a “hold” rating in a report on Friday, October 16th. UBS Group lifted their price target on shares of Bloomin’ Brands from $9.00 to $11.50 and gave the stock a “neutral” rating in a research report on Monday, November 2nd. Piper Sandler increased their price objective on Bloomin’ Brands from $9.00 to $12.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Finally, Wall Street Zen upgraded Bloomin’ Brands from a “hold” rating to a “buy” rating in a research report on Saturday, October 24th. Ten analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $11.10.

Bloomin’ Brands Stock Performance

BLMN stock opened at $9.93 on Wednesday. The firm has a 50 day simple moving average of $9.19 and a 200 day simple moving average of $7.99. 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, Inc. has a 52 week low of $5.19 and a 52 week high of $12.63. The stock has a market cap of $851.50 million, a P/E ratio of 8.94, a P/E/G ratio of 2.62 and a beta of 1.30.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings results on Friday, November 6th. The restaurant operator reported ($0.17) earnings per share (EPS) for the quarter, beating 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 business had revenue of $944.35 million during the quarter, compared to analyst estimates of $925.23 million. During the same period in the previous year, the company earned ($0.03) EPS. The firm’s revenue 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 anticipate that Bloomin’ Brands, Inc. will post 0.99 earnings per share for the current fiscal 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.