Bloomin’ Brands (NASDAQ:BLMN) EVP Sells 20,000 Shares of Company Stock

Bloomin’ Brands, Inc. (NASDAQ:BLMN) EVP Patrick Hafner sold 20,000 shares of the company’s 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 sale, the executive vice president directly owned 17,301 shares of the company’s stock, valued at approximately $175,259.13. This represents a 53.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Bloomin’ Brands Trading Down 1.1%

Shares of NASDAQ:BLMN traded down $0.11 during midday trading on Thursday, reaching $10.12. The company had a trading volume of 2,585,252 shares, compared to its average volume of 2,516,306. The company has a fifty day simple moving average of $9.19 and a two-hundred day simple moving average of $8.01. The firm has a market cap of $867.81 million, a price-to-earnings ratio of 12.34, a price-to-earnings-growth ratio of 2.92 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 quick ratio of 0.18 and a current ratio of 0.29.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings data on Friday, November 6th. The restaurant operator reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.07. Bloomin’ Brands had a return on equity of 24.54% and a net margin of 1.79%. The firm had revenue of $944.35 million for the quarter, compared to the consensus estimate of $925.23 million. During the same quarter in the previous year, the company earned ($0.03) EPS. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. 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. Research analysts predict that Bloomin’ Brands, Inc. will post 1.00 earnings per share for the current year.

Hedge Funds Weigh In On Bloomin’ Brands

Several institutional investors and hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue acquired a new position in shares of Bloomin’ Brands in the 3rd quarter valued at about $37,000. IFP Advisors Inc lifted its position in shares of Bloomin’ Brands by 357.4% in the second quarter. IFP Advisors Inc now owns 5,022 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 3,924 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Bloomin’ Brands by 148.2% during the third quarter. Nisa Investment Advisors LLC now owns 5,265 shares of the restaurant operator’s stock worth $41,000 after purchasing an additional 3,144 shares during the period. Allworth Financial LP acquired a new stake in shares of Bloomin’ Brands during the second quarter worth approximately $55,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Bloomin’ Brands during the second quarter worth approximately $58,000.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BLMN. Weiss Ratings downgraded shares of Bloomin’ Brands from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. Zacks Research downgraded shares of Bloomin’ Brands from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 16th. Deutsche Bank restated a “hold” rating and issued a $11.00 price target on shares of Bloomin’ Brands in a research report on Thursday, August 6th. Veritas Investment Research set a $13.00 price objective on shares of Bloomin’ Brands in a research note on Tuesday, September 29th. Finally, UBS Group lifted their price objective on shares of Bloomin’ Brands from $9.00 to $11.50 and gave the stock a “neutral” rating in a research report on Monday, November 2nd. Ten equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $11.10.

Bloomin’ Brands Company Profile

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.