Skylands Capital LLC Sells 152,700 Shares of Bloomin’ Brands, Inc. $BLMN

Skylands Capital LLC lessened its position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 61.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 94,950 shares of the restaurant operator’s stock after selling 152,700 shares during the period. Skylands Capital LLC owned approximately 0.11% of Bloomin’ Brands worth $513,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP bought a new position in Bloomin’ Brands during the 4th quarter worth $25,000. Northwestern Mutual Wealth Management Co. increased its position in Bloomin’ Brands by 83,825.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,357 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 3,353 shares during the period. Hilton Head Capital Partners LLC acquired a new stake in Bloomin’ Brands in the 4th quarter worth about $31,000. PNC Financial Services Group Inc. raised its stake in Bloomin’ Brands by 44.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,431 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 1,662 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Bloomin’ Brands by 50.9% in the 4th quarter. GAMMA Investing LLC now owns 6,221 shares of the restaurant operator’s stock valued at $38,000 after purchasing an additional 2,099 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Bloomin’ Brands from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 15th. Sanford C. Bernstein set a $9.00 price objective on Bloomin’ Brands in a report on Thursday, May 7th. The Goldman Sachs Group upped their target price on Bloomin’ Brands from $6.00 to $8.50 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Citigroup raised their price target on Bloomin’ Brands from $6.75 to $9.50 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Barclays upped their price objective on shares of Bloomin’ Brands from $7.00 to $9.00 and gave the stock 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 assigned a Sell rating to the company. According to data from MarketBeat.com, Bloomin’ Brands has a consensus rating of “Reduce” and an average target price of $8.78.

Bloomin’ Brands Price Performance

Shares of BLMN stock opened at $8.97 on Monday. The company has a quick ratio of 0.19, a current ratio of 0.26 and a debt-to-equity ratio of 1.89. Bloomin’ Brands, Inc. has a twelve month low of $5.19 and a twelve month high of $10.70. The company has a market cap of $767.92 million, a P/E ratio of 35.88, a P/E/G ratio of 2.40 and a beta of 1.21. The business has a fifty day simple moving average of $7.56 and a 200 day simple moving average of $6.82.

Bloomin’ Brands (NASDAQ:BLMN) last released its earnings results on Wednesday, May 6th. The restaurant operator reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Bloomin’ Brands had a return on equity of 28.00% and a net margin of 0.55%.The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.59 earnings per share. 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, sell-side analysts forecast that Bloomin’ Brands, Inc. will post 0.88 EPS for the current fiscal year.

Bloomin’ Brands Company 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.