Prosperitas Financial LLC Acquires New Shares in Bloomin’ Brands, Inc. $BLMN

Prosperitas Financial LLC bought a new stake in Bloomin’ Brands, Inc. (NASDAQ:BLMN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 688,054 shares of the restaurant operator’s stock, valued at approximately $6,289,000. Bloomin’ Brands accounts for about 2.0% of Prosperitas Financial LLC’s holdings, making the stock its 17th biggest position. Prosperitas Financial LLC owned 0.80% of Bloomin’ Brands as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its stake in Bloomin’ Brands by 83,825.0% during the 2nd 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 last quarter. Quarry LP acquired a new stake in Bloomin’ Brands in the fourth quarter worth $25,000. Hilton Head Capital Partners LLC bought a new position in shares of Bloomin’ Brands during the fourth quarter worth $31,000. PNC Financial Services Group Inc. grew its holdings in shares of 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 valued at $34,000 after buying an additional 1,662 shares during the period. Finally, Allworth Financial LP bought a new stake in shares of Bloomin’ Brands in the 2nd quarter valued at $55,000.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on BLMN shares. Zacks Research raised Bloomin’ Brands from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. UBS Group increased their target price on Bloomin’ Brands from $6.00 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $11.00 price target on shares of Bloomin’ Brands in a research note on Thursday, August 6th. BMO Capital Markets reissued a “market perform” rating and set a $12.00 price objective on shares of Bloomin’ Brands in a research report on Thursday, August 6th. Finally, Weiss Ratings cut shares of Bloomin’ Brands from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.75.

Bloomin’ Brands Price Performance

Shares of NASDAQ BLMN opened at $9.73 on Friday. The company has a quick ratio of 0.18, a current ratio of 0.25 and a debt-to-equity ratio of 1.62. The business’s 50 day moving average price is $9.52 and its two-hundred day moving average price is $7.74. The company has a market cap of $833.08 million, a PE ratio of 31.39, a price-to-earnings-growth ratio of 2.56 and a beta of 1.23. Bloomin’ Brands, Inc. has a twelve month low of $5.19 and a twelve month high of $12.63.

Bloomin’ Brands (NASDAQ:BLMN) last issued its earnings results on Wednesday, August 5th. The restaurant operator reported $0.39 EPS for the quarter, topping the consensus estimate of $0.29 by $0.10. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1 billion. Bloomin’ Brands had a return on equity of 28.95% and a net margin of 0.70%.The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $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 EPS for the current year.

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.