Bloomin’ Brands, Inc. $BLMN Shares Sold by Royal Bank of Canada

Royal Bank of Canada decreased its position in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 80.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,335 shares of the restaurant operator’s stock after selling 86,998 shares during the quarter. Royal Bank of Canada’s holdings in Bloomin’ Brands were worth $115,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC boosted its stake in shares of Bloomin’ Brands by 156.1% in 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Bloomin’ Brands by 6.0% in 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 buying an additional 2,622 shares during the last quarter. Millennium Management LLC grew its stake 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 valued at $16,489,000 after acquiring an additional 1,268,988 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Bloomin’ Brands by 4.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,048,497 shares of the restaurant operator’s stock worth $7,518,000 after acquiring an additional 43,329 shares during the last quarter. Finally, Caxton Associates LLP purchased a new stake in Bloomin’ Brands during the 1st quarter worth approximately $170,000.

Bloomin’ Brands Stock Performance

BLMN opened at $10.58 on Monday. The business’s 50 day moving average is $9.40 and its 200-day moving average is $7.65. The stock has a market cap of $905.86 million, a PE ratio of 34.13, a price-to-earnings-growth ratio of 2.73 and a beta of 1.22. The company has a current ratio of 0.25, a quick ratio of 0.18 and a debt-to-equity ratio of 1.62. Bloomin’ Brands, Inc. has a twelve month low of $5.19 and a twelve month high of $12.63.

Bloomin’ Brands (NASDAQ:BLMN) last posted its earnings results on Wednesday, August 5th. The restaurant operator reported $0.39 EPS for the quarter, beating the consensus estimate of $0.29 by $0.10. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1 billion. Bloomin’ Brands had a return on equity of 28.95% and a net margin of 0.70%.The firm’s revenue was up 1.3% compared to the same quarter last year. During the same period last year, the firm 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. On average, analysts predict that Bloomin’ Brands, Inc. will post 0.98 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BLMN shares. Zacks Research raised shares of Bloomin’ Brands from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Barclays increased their price target on Bloomin’ Brands from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. The Goldman Sachs Group raised their price target on Bloomin’ Brands from $6.00 to $8.50 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Citigroup reduced their price objective on Bloomin’ Brands from $9.50 to $8.75 and set a “neutral” rating for the company in a research report on Friday, July 24th. Finally, Sanford C. Bernstein set a $9.00 target price on Bloomin’ Brands in a research report on Thursday, May 7th. 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 company’s stock. Based on data from MarketBeat.com, Bloomin’ Brands currently has an average 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.