Towle & Co. Sells 999,915 Shares of Bloomin’ Brands, Inc. $BLMN

Towle & Co. reduced its position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 75.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 317,861 shares of the restaurant operator’s stock after selling 999,915 shares during the period. Towle & Co.’s holdings in Bloomin’ Brands were worth $1,716,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of BLMN. Northwestern Mutual Wealth Management Co. increased its stake in shares of Bloomin’ Brands by 83,825.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,357 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 3,353 shares during the last quarter. Quarry LP acquired a new stake in Bloomin’ Brands in the fourth quarter valued at about $25,000. Hilton Head Capital Partners LLC acquired a new stake in Bloomin’ Brands in the fourth quarter valued at about $31,000. PNC Financial Services Group Inc. grew its position in Bloomin’ Brands by 44.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,431 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 1,662 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Bloomin’ Brands by 50.9% in the fourth quarter. GAMMA Investing LLC now owns 6,221 shares of the restaurant operator’s stock valued at $38,000 after acquiring an additional 2,099 shares during the last quarter.

Bloomin’ Brands Price Performance

Shares of BLMN opened at $8.19 on Friday. Bloomin’ Brands, Inc. has a 12-month low of $5.19 and a 12-month high of $10.41. The business has a 50-day simple moving average of $8.12 and a two-hundred day simple moving average of $7.05. The company has a quick ratio of 0.19, a current ratio of 0.26 and a debt-to-equity ratio of 1.89. The stock has a market cap of $701.15 million, a PE ratio of 32.76, a PEG ratio of 6.72 and a beta of 1.21.

Bloomin’ Brands (NASDAQ:BLMN) last posted its earnings results on Wednesday, May 6th. The restaurant operator reported $0.67 EPS for the quarter, beating the consensus estimate of $0.57 by $0.10. Bloomin’ Brands had a return on equity of 28.00% and a net margin of 0.55%.The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the company earned $0.59 earnings per share. The business’s quarterly revenue was up 1.0% on a year-over-year basis. 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. Analysts anticipate that Bloomin’ Brands, Inc. will post 0.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on BLMN shares. UBS Group boosted 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. Sanford C. Bernstein set a $9.00 price target on shares of Bloomin’ Brands in a report on Thursday, May 7th. Citigroup lifted their price target on shares of Bloomin’ Brands from $6.75 to $9.50 and gave the company a “neutral” rating in a report on Thursday, May 7th. The Goldman Sachs Group upped their price objective on shares of Bloomin’ Brands from $6.00 to $8.50 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen lowered shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Six analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $8.62.

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.