Key Points
- EVP Kelly Lefferts sold 50,000 Bloomin’ Brands shares for $508,000, at an average price of $10.16. After the sale, Lefferts owned 80,865 shares, a 38.21% reduction in their holdings.
- Bloomin’ Brands reported quarterly revenue of $944.35 million and a loss of $0.17 per share, beating analysts’ estimates for both revenue and EPS; revenue rose 1.7% year over year.
- Analyst views were mixed: the stock had a consensus “Reduce” rating and an average price target of $11.10, with ten analysts rating it Hold and one rating it Sell.
Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report) EVP Patrick Hafner sold 20,000 shares of the stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $10.13, for a total value of $202,600.00. Following the transaction, the executive vice president directly owned 17,301 shares in the company, valued at $175,259.13. The trade was a 53.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Bloomin' Brands Stock Performance
BLMN stock opened at $10.12 on Friday. The company has a market cap of $867.79 million, a P/E ratio of 12.34, a price-to-earnings-growth ratio of 3.01 and a beta of 1.30. Bloomin' Brands, Inc. has a 1 year low of $5.19 and a 1 year high of $12.63. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.29 and a quick ratio of 0.18. The stock's fifty day moving average price is $9.20 and its 200-day moving average price is $8.02.
Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last issued its quarterly earnings data on Friday, November 6th. The restaurant operator reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.07. The company had revenue of $944.35 million during the quarter, compared to analyst estimates of $925.23 million. Bloomin' Brands had a return on equity of 24.54% and a net margin of 1.79%. Bloomin' Brands's revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.03) earnings per share. Bloomin' Brands has set its FY 2026 guidance at 0.970-1.020 EPS and its Q4 2026 guidance at 0.070-0.120 EPS. On average, equities analysts forecast that Bloomin' Brands, Inc. will post 1.00 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of BLMN. BlackRock Inc. bought a new stake in shares of Bloomin' Brands during the 2nd quarter valued at $62,563,000. Miller Value Partners LLC purchased a new stake in shares of Bloomin' Brands in the 2nd quarter worth $23,635,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Bloomin' Brands by 79.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,908,998 shares of the restaurant operator's stock worth $21,109,000 after purchasing an additional 1,736,001 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Bloomin' Brands by 84.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,208,122 shares of the restaurant operator's stock worth $11,924,000 after purchasing an additional 1,013,953 shares in the last quarter. Finally, Prosperitas Financial LLC purchased a new stake in shares of Bloomin' Brands in the 2nd quarter worth $6,289,000.
Analyst Ratings Changes
Several research analysts have issued reports on BLMN shares. JPMorgan Chase & Co. raised Bloomin' Brands from an "underweight" rating to a "neutral" rating and raised their target price for the stock from $6.00 to $13.00 in a research report on Tuesday, September 29th. Veritas Investment Research set a $13.00 price target on shares of Bloomin' Brands in a research report on Tuesday, September 29th. BMO Capital Markets reaffirmed a "market perform" rating and set a $12.00 price target on shares of Bloomin' Brands in a research report on Thursday, August 6th. Morgan Stanley increased their price objective on shares of Bloomin' Brands from $8.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 6th. Finally, Citigroup lowered their price objective on shares of Bloomin' Brands from $12.75 to $12.25 and set a "neutral" rating on the stock in a research note on Friday, October 23rd. Ten investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Bloomin' Brands currently has a consensus rating of "Reduce" and an average target price of $11.10.
Get Our Latest Stock Report on Bloomin' Brands
About Bloomin' Brands
(
Get Free Report)
Bloomin' Brands, Inc. is a restaurant company that owns, operates and franchises casual and upscale dining concepts. Its brands include Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill and Fleming's Prime Steakhouse & Wine Bar. The company's restaurants serve a range of offerings, including steaks and other grilled dishes, Italian cuisine, seafood and fine-dining meals. Bloomin' Brands was founded in 1988 and is headquartered in Tampa, Florida. Bloomin' Brands serves customers primarily in the United States, as well as in international markets through company-operated restaurants and franchise arrangements.
Featured 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].
