Commonwealth Equity Services Adds $3M in Bloomin' Brands, Inc. ($BLMN)
The firm increased its Bloomin' Brands holdings by 28.7%, adding over 306,000 shares.
Key Points
- Commonwealth Equity Services increased its stake in Bloomin' Brands by 28.7%, adding 306,572 shares to hold a total of 1,373,335 shares valued at $11.74 million.
- Bloomin' Brands' stock traded at $8.55 on Thursday, with a market cap of $713.2 million and a forward P/E of 8.55.
- Analysts maintain a 'hold' rating on Bloomin' Brands, with a target mean price of $8.64, while insider trades included both buying and selling activity.
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Commonwealth Equity Services has boosted its stake in Bloomin' Brands, Inc. (NasdaqGS: BLMN) by 28.7%, according to its latest filing with the SEC. The firm added 306,572 shares, bringing its total holdings to 1,373,335 shares, valued at approximately $11.74 million as of the end of the reporting period.
Commonwealth Equity Services vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
What Changed in Commonwealth Equity Services' Bloomin' Brands Position
Commonwealth Equity Services increased its investment in Bloomin' Brands by 28.7%, raising its stake from 1,066,763 shares to 1,373,335 shares. This move added 306,572 shares to its portfolio, reflecting a strong interest in the casual dining company. The total value of the position is now about $11.74 million.
Other Institutional Activity in Bloomin' Brands
Several other institutional investors also adjusted their positions in Bloomin' Brands. Starboard Value LP maintained its stake with 7,980,992 shares valued at $43.1 million. BlackRock, Inc. reduced its holdings by 5,459,265 shares, ending with 6,430,743 shares worth about $34.7 million, marking a 45.9% decrease. Arrowstreet Capital, Limited Partnership significantly increased its stake by 1,736,001 shares, resulting in 3,908,998 shares valued at $21.1 million, which represents a 79.9% increase. Vanguard Capital Management LLC opened a new position with 3,284,352 shares worth $17.7 million. AQR Capital Management LLC grew its holdings by 2,795,537 shares, bringing its total to 3,270,037 shares valued at $17.7 million, a 589.2% increase. AllianceBernstein L.P. also made a substantial increase, adding 3,024,385 shares to hold 3,119,550 shares valued at $19.2 million, a 3,178% increase.
Bloomin' Brands, Inc. Stock Down 13.4%
Shares of Bloomin' Brands traded near $8.55 on Thursday. The company has a market cap of approximately $713.2 million and a P/E ratio of 34.71, with a forward P/E of 8.55. Its beta is 1.219, indicating some volatility compared to the market. The stock's 52-week range has been between $5.19 and $10.70, with a 50-day moving average of $7.24 and a 200-day moving average of $6.83. The company has a current ratio of 0.261 and a quick ratio of 0.135, with a debt-to-equity ratio of 497.34.
$BLMN stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Bloomin' Brands reported revenue of $3.97 billion with a modest growth rate of 1%. The company's earnings per share (EPS) were $0.24, with a net margin of 0.55% and a return on equity (ROE) of 6.82%. The next earnings report is expected on August 5, 2026.
Dividend
The company pays an annual dividend of $0.60 per share, yielding 7.44%. Its dividend payout ratio is 125%, indicating the company returns all of its earnings and more as dividends to shareholders.
Insider Buying and Selling at Bloomin' Brands, Inc.
Recent insider activity at Bloomin' Brands included several transactions on April 22, 2026. Tara Walpert Levy sold 19,746 shares, while George David and Rohit Lal each purchased 25,478 and 23,485 shares, respectively. Melanie Marein-Efron, John Mahoney, and James Dinkins each sold 19,746 shares.
Analysts Set New Price Targets
On May 7, 2026, UBS, Citigroup, Goldman Sachs, and Barclays all maintained their 'hold' ratings on Bloomin' Brands, with price targets ranging from $8.5 to $9.5. However, JP Morgan downgraded the stock to 'sell' with a target of $6. The consensus among 12 analysts is a 'hold' recommendation, with a target mean price of $8.64.
About Bloomin' Brands
Bloomin' Brands, Inc. operates a variety of restaurant concepts, including Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse & Wine Bar. The company, headquartered in Tampa, Florida, was founded in 1988 and employs around 64,000 people. Led by CEO Michael Spanos, Bloomin' Brands focuses on casual and fine dining experiences in the U.S. and internationally.
Bottom Line
Commonwealth Equity Services' increased stake in Bloomin' Brands suggests a positive outlook for the casual dining company. Investors often track such filings to gauge institutional confidence, though it's important to remember that 13F filings are backward-looking and may not reflect current positions. With a mix of insider activity and analyst ratings, Bloomin' Brands remains a company to watch in the dynamic restaurant sector.
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