Landscape Capital Management L.L.C. Invests $1.20 Million in Bloomin’ Brands, Inc. $BLMN

Landscape Capital Management L.L.C. purchased a new stake in Bloomin’ Brands, Inc. (NASDAQ:BLMN) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 131,120 shares of the restaurant operator’s stock, valued at approximately $1,198,000.

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Bloomin’ Brands during the second quarter valued at $62,563,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Bloomin’ Brands by 79.9% during 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 buying an additional 1,736,001 shares during the last quarter. State Street Corp boosted its stake in Bloomin’ Brands by 1.8% during the 4th 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 last quarter. Millennium Management LLC lifted its holdings 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 valued at $18,571,000 after purchasing an additional 1,065,842 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings 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 valued at $14,864,000 after purchasing an additional 269,746 shares in the last quarter.

Bloomin’ Brands Stock Performance

Shares of NASDAQ BLMN opened at $11.63 on Monday. The stock has a market cap of $995.76 million, a PE ratio of 37.52, a price-to-earnings-growth ratio of 3.00 and a beta of 1.22. Bloomin’ Brands, Inc. has a 1 year low of $5.19 and a 1 year high of $12.63. The firm has a fifty day moving average price of $9.09 and a 200-day moving average price of $7.50. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.25 and a quick ratio of 0.18.

Bloomin’ Brands (NASDAQ:BLMN) last issued its earnings results on Wednesday, August 5th. The restaurant operator reported $0.39 earnings per share 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 net margin of 0.70% and a return on equity of 28.95%. Bloomin’ Brands’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. Equities analysts anticipate that Bloomin’ Brands, Inc. will post 0.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Weiss Ratings lowered Bloomin’ Brands from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. Piper Sandler increased their price objective on shares of Bloomin’ Brands from $9.00 to $12.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Sanford C. Bernstein set a $9.00 target price on shares of Bloomin’ Brands in a research report on Thursday, May 7th. Barclays lifted their price objective on Bloomin’ Brands from $7.00 to $9.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Finally, Citigroup lowered their target price on Bloomin’ Brands from $9.50 to $8.75 and set a “neutral” rating on the stock in a report on Friday, July 24th. One 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $9.75.

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.