Key Points
- Bloomin' Brands EVP Eric Christel bought 150,000 shares on Nov. 10 at an average price of $6.38, spending about $957,000 and increasing his stake from zero to 150,000 shares.
- Company performance and sentiment are mixed: Bloomin' Brands beat Q3 estimates (EPS -$0.03 vs. -$0.12; revenue $928.8M vs. $905.6M) and gave FY2025 EPS guidance of 1.10–1.15, but it still has a small $553M market cap, negative P/E and an average analyst rating of "Reduce" with a $9.07 target.
Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report) EVP Patrick Hafner sold 4,256 shares of the firm's stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $6.41, for a total transaction of $27,280.96. Following the completion of the sale, the executive vice president owned 8,000 shares of the company's stock, valued at $51,280. This trade represents a 34.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Bloomin' Brands Price Performance
Shares of Bloomin' Brands stock traded up $0.18 during trading on Thursday, reaching $6.67. The company's stock had a trading volume of 899,755 shares, compared to its average volume of 2,523,978. The business has a 50 day moving average price of $7.15 and a 200-day moving average price of $7.94. Bloomin' Brands, Inc. has a 12-month low of $6.09 and a 12-month high of $14.48. The company has a market capitalization of $568.14 million, a P/E ratio of -133.50 and a beta of 1.26. The company has a quick ratio of 0.35, a current ratio of 0.43 and a debt-to-equity ratio of 2.29.
Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The restaurant operator reported ($0.03) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.12) by $0.09. The business had revenue of $928.81 million during the quarter, compared to the consensus estimate of $905.59 million. Bloomin' Brands had a negative net margin of 0.12% and a positive return on equity of 44.03%. The business's revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 EPS. Bloomin' Brands has set its FY 2025 guidance at 1.100-1.150 EPS. Q4 2025 guidance at 0.230-0.280 EPS. As a group, sell-side analysts anticipate that Bloomin' Brands, Inc. will post 1.8 EPS for the current year.
Institutional Investors Weigh In On Bloomin' Brands
Institutional investors have recently bought and sold shares of the business. WINTON GROUP Ltd increased its position in shares of Bloomin' Brands by 1.1% in the third quarter. WINTON GROUP Ltd now owns 163,932 shares of the restaurant operator's stock worth $1,175,000 after acquiring an additional 1,752 shares in the last quarter. Jefferies Financial Group Inc. boosted its position in Bloomin' Brands by 245.0% during the 3rd quarter. Jefferies Financial Group Inc. now owns 37,644 shares of the restaurant operator's stock worth $270,000 after purchasing an additional 26,732 shares during the period. Dynamic Technology Lab Private Ltd raised its position in Bloomin' Brands by 1,077.4% in the third quarter. Dynamic Technology Lab Private Ltd now owns 120,326 shares of the restaurant operator's stock valued at $863,000 after purchasing an additional 110,106 shares during the period. First Trust Advisors LP purchased a new position in Bloomin' Brands in the third quarter valued at about $128,000. Finally, Intech Investment Management LLC lifted its stake in shares of Bloomin' Brands by 41.6% during the third quarter. Intech Investment Management LLC now owns 365,845 shares of the restaurant operator's stock worth $2,623,000 after purchasing an additional 107,489 shares in the last quarter.
Analysts Set New Price Targets
A number of brokerages recently commented on BLMN. Barclays lowered their price objective on shares of Bloomin' Brands from $9.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 6th. The Goldman Sachs Group raised Bloomin' Brands from a "sell" rating to a "neutral" rating and set a $7.00 price objective on the stock in a research note on Friday, November 7th. BMO Capital Markets decreased their price target on shares of Bloomin' Brands from $10.00 to $8.00 and set a "market perform" rating on the stock in a research note on Thursday, August 7th. Weiss Ratings reissued a "sell (d+)" rating on shares of Bloomin' Brands in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of Bloomin' Brands from a "strong sell" rating to a "hold" rating in a research note on Friday, November 7th. Seven analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $9.07.
Get Our Latest Research Report on Bloomin' Brands
About Bloomin' Brands
(
Get Free Report)
Bloomin' Brands, Inc engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
