LSV Asset Management Sells 71,800 Shares of Bloomin’ Brands, Inc. $BLMN

LSV Asset Management decreased its stake in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,734,539 shares of the restaurant operator’s stock after selling 71,800 shares during the period. LSV Asset Management owned about 3.21% of Bloomin’ Brands worth $16,872,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its position in Bloomin’ Brands by 44.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,431 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 1,662 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Bloomin’ Brands in the fourth quarter worth approximately $808,000. Pacific Ridge Capital Partners LLC raised its position in Bloomin’ Brands by 4.6% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 66,790 shares of the restaurant operator’s stock worth $412,000 after acquiring an additional 2,960 shares during the period. Bailard Inc. bought a new position in Bloomin’ Brands in the fourth quarter worth approximately $114,000. Finally, Skylands Capital LLC raised its position in Bloomin’ Brands by 7.5% in the fourth quarter. Skylands Capital LLC now owns 247,650 shares of the restaurant operator’s stock worth $1,528,000 after acquiring an additional 17,300 shares during the period.

Wall Street Analyst Weigh In

BLMN has been the topic of several recent research reports. JPMorgan Chase & Co. downgraded shares of Bloomin’ Brands from a “neutral” rating to an “underweight” rating and set a $6.00 price target on the stock. in a research report on Friday, April 24th. Wall Street Zen upgraded shares of Bloomin’ Brands from a “hold” rating to a “buy” rating in a research report on Saturday. Sanford C. Bernstein set a $9.00 price objective on shares of Bloomin’ Brands in a research report on Thursday, May 7th. Weiss Ratings upgraded shares of Bloomin’ Brands from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Finally, Barclays raised their target price on shares of Bloomin’ Brands from $7.00 to $9.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Seven research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Bloomin’ Brands presently has a consensus rating of “Reduce” and an average target price of $8.78.

Insiders Place Their Bets

In related news, Director Rohit Lal bought 10,000 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were bought at an average price of $5.69 per share, with a total value of $56,900.00. Following the transaction, the director owned 30,156 shares in the company, valued at approximately $171,587.64. This trade represents a 49.61% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.18% of the company’s stock.

Bloomin’ Brands Stock Performance

Shares of BLMN opened at $7.82 on Tuesday. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.26 and a quick ratio of 0.19. The firm has a market capitalization of $669.47 million, a price-to-earnings ratio of 31.28, a PEG ratio of 2.09 and a beta of 1.10. The company has a 50-day moving average of $6.49 and a 200 day moving average of $6.60. Bloomin’ Brands, Inc. has a 1-year low of $5.19 and a 1-year high of $10.70.

Bloomin’ Brands (NASDAQ:BLMN) last posted its earnings results on Wednesday, May 6th. The restaurant operator reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. Bloomin’ Brands had a net margin of 0.55% and a return on equity of 28.00%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the firm posted $0.59 EPS. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. Bloomin’ Brands has set its FY 2026 guidance at 0.750-0.900 EPS and its Q2 2026 guidance at 0.270-0.320 EPS. On average, research analysts expect that Bloomin’ Brands, Inc. will post 0.88 EPS for the current year.

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.