Bloomin’ Brands (NASDAQ:BLMN) Shares Down 6.1% – Here’s Why

Bloomin’ Brands, Inc. (NASDAQ:BLMN)’s stock price traded down 6.1% during mid-day trading on Monday . The stock traded as low as $6.41 and last traded at $6.3750. 423,107 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 2,472,019 shares. The stock had previously closed at $6.79.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Weiss Ratings restated a “sell (d)” rating on shares of Bloomin’ Brands in a research note on Monday, December 22nd. Zacks Research upgraded shares of Bloomin’ Brands from a “strong sell” rating to a “hold” rating in a report on Friday, November 7th. Loop Capital set a $10.00 target price on shares of Bloomin’ Brands in a research report on Tuesday, December 16th. Finally, The Goldman Sachs Group upgraded shares of Bloomin’ Brands from a “sell” rating to a “neutral” rating and set a $7.00 price target for the company in a report on Friday, November 7th. Seven equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $9.19.

Bloomin’ Brands Stock Down 6.7%

The company’s fifty day simple moving average is $6.89 and its 200-day simple moving average is $7.67. The company has a debt-to-equity ratio of 2.77, a current ratio of 0.45 and a quick ratio of 0.38. The firm has a market capitalization of $539.87 million, a PE ratio of -9.45 and a beta of 1.14.

Bloomin’ Brands (NASDAQ:BLMN) last announced its earnings results on Thursday, November 6th. The restaurant operator reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.09. The company had revenue of $928.81 million for the quarter, compared to analyst estimates of $905.59 million. Bloomin’ Brands had a positive return on equity of 33.92% and a negative net margin of 1.46%.The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.21 EPS. 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, analysts forecast that Bloomin’ Brands, Inc. will post 1.8 EPS for the current year.

Insider Buying and Selling at Bloomin’ Brands

In other news, EVP Eric C. Christel purchased 150,000 shares of the company’s stock in a transaction on Monday, November 10th. The shares were acquired 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 trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Patrick M. Hafner sold 4,256 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $6.41, for a total value of $27,280.96. Following the completion of the transaction, the executive vice president directly owned 8,000 shares in the company, valued at $51,280. This represents a 34.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bloomin’ Brands

A number of institutional investors and hedge funds have recently modified their holdings of BLMN. AlphaQuest LLC increased its holdings in Bloomin’ Brands by 126.7% in the 1st quarter. AlphaQuest LLC now owns 27,379 shares of the restaurant operator’s stock worth $196,000 after buying an additional 15,303 shares during the period. Jump Financial LLC increased its stake in shares of Bloomin’ Brands by 160.4% in the first quarter. Jump Financial LLC now owns 44,274 shares of the restaurant operator’s stock worth $317,000 after acquiring an additional 27,274 shares during the period. Ieq Capital LLC acquired a new stake in shares of Bloomin’ Brands in the first quarter worth $227,000. Royal Bank of Canada raised its holdings in shares of Bloomin’ Brands by 50.4% during the first quarter. Royal Bank of Canada now owns 333,693 shares of the restaurant operator’s stock worth $2,393,000 after purchasing an additional 111,801 shares during the last quarter. Finally, Maverick Capital Ltd. acquired a new position in Bloomin’ Brands during the first quarter valued at $3,788,000.

About Bloomin’ Brands

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.