Bloomin' Brands, Inc. (BLMN)

Bloomin' Brands' stock has been impacted by several key events over the past six months. The company announced its fiscal 2025 fourth-quarter financial results on February 25, 2026. On May 6, 2026, Bloomin' Brands reported robust first-quarter 2026 financial results that exceeded analyst expectations, leading to a surge in the company's share price. The company reported adjusted earnings per share of $0.67, beating the consensus forecast of $0.57, and total revenues reached $1.06 billion, a 1% year-over-year increase. U.S. comparable restaurant sales turned positive at 0.9%, with Bonefish Grill showing a 6.1% increase and Carrabba's Italian Grill a 1.3% increase, offsetting a 0.3% decline for Outback Steakhouse. Colleen Keating joined the company's Board of Directors on February 12, 2026. Around six months ago, Outback Steakhouse also underwent a sweeping overhaul that included the abrupt closure of 21 restaurants.

Bloomin' Brands' business is subject to seasonality, which can influence its financial results. Demand for its casual dining offerings may fluctuate throughout the year, potentially influenced by holidays, weather, and other consumer patterns.

Bloomin' Brands, Inc. is a casual dining restaurant company with headquarters in Tampa, Florida, established in 1988. The company operates in the Consumer Services sector, specifically in the Restaurants industry. Bloomin' Brands' portfolio includes Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse & Wine Bar. The company operates both company-owned and franchised restaurants.

Bloomin' Brands has over 1,450 restaurants across 46 U.S. states, Guam, and 12 other countries as of December 29, 2024, including Brazil, South Korea, Hong Kong, and China. In late 2024, Bloomin' Brands sold 67% of its Brazil operations to a fund managed by an affiliate of Vinci Partners, retaining a 33% interest, to focus resources on its core domestic market.

Bloomin' Brands has shown improvements in its brand reputation over the past year, particularly with its Outback Steakhouse brand. In the first quarter of 2026, Outback's brand trust increased by 4 points, and guest scores improved across service, value, atmosphere, food, and intent to return. CEO Mike Spanos highlighted these improvements, stating that Outback brand scores continue to rise, emphasizing the quality of their steaks and food.

Institutional investors are the dominant force in Bloomin' Brands' ownership structure, holding a substantial portion of the company's shares. As of March 31, 2025, institutional investors held 102.21% of total shares outstanding, with 508 institutional owners filing with the SEC. Key institutional holders include BlackRock, Inc., Vanguard Group Inc., Starboard Value LP, Morgan Stanley, State Street Corp, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd., Lsv Asset Management, Millennium Management Llc, Erste Asset Management GmbH, and Charles Schwab Investment Management Inc. Insider holdings represent a smaller fraction, decreasing to 0.50% in March 2025. Mark E. Nunnelly is noted as a significant individual shareholder.