Corient Private Wealth LLC Acquires New Holdings in Bloomin’ Brands, Inc. $BLMN

Corient Private Wealth LLC bought a new position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 348,014 shares of the restaurant operator’s stock, valued at approximately $2,147,000.

Several other hedge funds have also recently bought and sold shares of the stock. Royal Bank of Canada boosted its holdings in shares of Bloomin’ Brands by 50.4% in the first quarter. Royal Bank of Canada now owns 333,693 shares of the restaurant operator’s stock valued at $2,393,000 after buying an additional 111,801 shares during the period. AQR Capital Management LLC raised 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 worth $4,240,000 after acquiring an additional 360,450 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 worth $333,000 after acquiring an additional 2,622 shares during the period. Millennium Management LLC lifted its position in 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 acquiring an additional 1,268,988 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in 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 acquiring an additional 43,329 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. The Goldman Sachs Group increased their target price on Bloomin’ Brands from $6.00 to $8.50 and gave the stock a “neutral” rating in a report on Thursday, May 7th. UBS Group boosted their price target on Bloomin’ Brands from $6.00 to $9.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Wall Street Zen cut Bloomin’ Brands from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. JPMorgan Chase & Co. downgraded Bloomin’ Brands from a “neutral” rating to an “underweight” rating and set a $6.00 price objective for the company. in a report on Friday, April 24th. Finally, Barclays lifted their target price on Bloomin’ Brands from $7.00 to $9.00 and gave the company an “equal weight” rating in a research 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 data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $8.78.

Bloomin’ Brands Stock Up 2.1%

Shares of BLMN stock opened at $9.16 on Tuesday. The firm’s fifty day moving average price is $7.62 and its two-hundred day moving average price is $6.83. The company has a current ratio of 0.26, a quick ratio of 0.19 and a debt-to-equity ratio of 1.89. Bloomin’ Brands, Inc. has a 1 year low of $5.19 and a 1 year high of $10.70. The firm has a market capitalization of $784.19 million, a P/E ratio of 36.64, a PEG ratio of 2.40 and a beta of 1.21.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.10. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. Bloomin’ Brands had a net margin of 0.55% and a return on equity of 28.00%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 EPS. 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, equities analysts predict that Bloomin’ Brands, Inc. will post 0.88 EPS for the current fiscal 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.