Legal & General Group Plc Invests $542,000 in Bloomin’ Brands, Inc. $BLMN

Legal & General Group Plc purchased a new position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 59,264 shares of the restaurant operator’s stock, valued at approximately $542,000. Legal & General Group Plc owned about 0.07% of Bloomin’ Brands as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in Bloomin’ Brands during the 2nd quarter valued at approximately $62,563,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Bloomin’ Brands by 79.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,908,998 shares of the restaurant operator’s stock valued at $21,109,000 after purchasing an additional 1,736,001 shares during the period. State Street Corp increased its holdings in shares of Bloomin’ Brands by 1.8% in the fourth quarter. State Street Corp now owns 3,400,106 shares of the restaurant operator’s stock valued at $20,979,000 after purchasing an additional 58,722 shares during the period. Millennium Management LLC raised its stake in shares of Bloomin’ Brands by 69.9% during the third quarter. Millennium Management LLC now owns 2,590,098 shares of the restaurant operator’s stock worth $18,571,000 after purchasing an additional 1,065,842 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Bloomin’ Brands by 12.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,409,123 shares of the restaurant operator’s stock worth $14,864,000 after purchasing an additional 269,746 shares during the last quarter.

Bloomin’ Brands Stock Performance

Shares of BLMN stock opened at $9.58 on Wednesday. The company has a current ratio of 0.25, a quick ratio of 0.18 and a debt-to-equity ratio of 1.62. The stock has a 50 day simple moving average of $9.55 and a 200-day simple moving average of $7.81. The company has a market cap of $820.24 million, a price-to-earnings ratio of 30.90, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23. Bloomin’ Brands, Inc. has a 12-month low of $5.19 and a 12-month high of $12.63.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings results on Wednesday, August 5th. The restaurant operator reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.10. Bloomin’ Brands had a return on equity of 28.95% and a net margin of 0.70%.The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1 billion. During the same period in the previous year, the business earned $0.32 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. 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, equities analysts forecast that Bloomin’ Brands, Inc. will post 0.98 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Bloomin’ Brands from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Citigroup cut their price objective on shares of Bloomin’ Brands from $9.50 to $8.75 and set a “neutral” rating for the company in a research report on Friday, July 24th. BMO Capital Markets restated a “market perform” rating and issued a $12.00 target price on shares of Bloomin’ Brands in a research note on Thursday, August 6th. Morgan Stanley lifted their target price on shares of Bloomin’ Brands from $8.00 to $12.00 and gave the company an “equal weight” rating in a report on Thursday, August 6th. Finally, Zacks Research upgraded shares of Bloomin’ Brands from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 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, the stock has an average rating of “Hold” and an average price target of $9.75.

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.