Bloomin’ Brands, Inc. (NASDAQ:BLMN) Given Average Rating of “Reduce” by Brokerages

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) have been assigned a consensus rating of “Reduce” from the nine analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $9.1875.

Several equities research analysts recently issued reports on BLMN shares. Loop Capital set a $10.00 target price on shares of Bloomin’ Brands in a research note on Tuesday, December 16th. Zacks Research upgraded Bloomin’ Brands from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. The Goldman Sachs Group raised Bloomin’ Brands from a “sell” rating to a “neutral” rating and set a $7.00 target price on the stock in a report on Friday, November 7th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Bloomin’ Brands in a research note on Monday, December 15th.

Bloomin’ Brands Trading Down 2.9%

NASDAQ BLMN opened at $6.72 on Thursday. The company has a market cap of $572.68 million, a PE ratio of -10.03 and a beta of 1.14. The company has a current ratio of 0.45, a quick ratio of 0.38 and a debt-to-equity ratio of 2.77. Bloomin’ Brands has a 12 month low of $5.90 and a 12 month high of $12.97. The stock has a 50 day moving average of $6.97 and a 200-day moving average of $7.71.

Bloomin’ Brands (NASDAQ:BLMN) last issued its earnings results on Thursday, November 6th. The restaurant operator reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.09. The business had revenue of $928.81 million for the quarter, compared to the consensus estimate of $905.59 million. Bloomin’ Brands had a negative net margin of 1.46% and a positive return on equity of 33.92%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.21 earnings per share. Bloomin’ Brands has set its FY 2025 guidance at 1.100-1.150 EPS and its Q4 2025 guidance at 0.230-0.280 EPS. On average, equities research analysts anticipate that Bloomin’ Brands will post 1.8 EPS for the current fiscal year.

Insider Activity

In related news, EVP Eric C. Christel bought 150,000 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was bought at an average price of $6.38 per share, for a total transaction of $957,000.00. Following the purchase, the executive vice president owned 150,000 shares in the company, valued at $957,000. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Patrick M. Hafner sold 4,256 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $6.41, for a total transaction of $27,280.96. Following the completion of the transaction, the executive vice president owned 8,000 shares in the company, valued at approximately $51,280. This trade represents a 34.73% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bloomin’ Brands

Large investors have recently made changes to their positions in the company. US Bancorp DE boosted its stake in Bloomin’ Brands by 505.7% in the 1st quarter. US Bancorp DE now owns 6,239 shares of the restaurant operator’s stock valued at $45,000 after purchasing an additional 5,209 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Bloomin’ Brands by 12.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,596,638 shares of the restaurant operator’s stock valued at $11,448,000 after acquiring an additional 182,223 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Bloomin’ Brands in the first quarter valued at about $195,000. Invesco Ltd. increased its position in Bloomin’ Brands by 2.9% during the first quarter. Invesco Ltd. now owns 960,865 shares of the restaurant operator’s stock worth $6,889,000 after acquiring an additional 26,643 shares during the period. Finally, Nuveen LLC bought a new position in Bloomin’ Brands during the first quarter worth about $7,890,000.

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.