Bloomin’ Brands (NASDAQ:BLMN) Stock: Insider Kelly Lefferts Sells 50,000 Shares

Bloomin’ Brands, Inc. (NASDAQ:BLMN) EVP Kelly Lefferts sold 50,000 shares of Bloomin’ Brands stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $10.16, for a total value of $508,000.00. Following the transaction, the executive vice president owned 80,865 shares in the company, valued at approximately $821,588.40. This trade represents a 38.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Bloomin’ Brands Price Performance

Shares of BLMN traded down $0.11 during midday trading on Thursday, reaching $10.12. The stock had a trading volume of 2,585,252 shares, compared to its average volume of 2,516,306. Bloomin’ Brands, Inc. has a 52 week low of $5.19 and a 52 week 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 firm’s 50 day moving average price is $9.19 and its 200-day moving average price is $8.01. The company has a market capitalization of $867.81 million, a P/E ratio of 12.34, a P/E/G ratio of 2.92 and a beta of 1.30.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings data on Friday, November 6th. The restaurant operator reported ($0.17) earnings per share for the quarter, beating 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 business had revenue of $944.35 million during the quarter, compared to analyst estimates of $925.23 million. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. The company’s revenue was up 1.7% on a year-over-year basis. 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, analysts forecast that Bloomin’ Brands, Inc. will post 1.00 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BLMN has been the topic of several research reports. Piper Sandler boosted their price target on shares of Bloomin’ Brands from $9.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Wall Street Zen upgraded shares of Bloomin’ Brands from a “hold” rating to a “buy” rating in a research report on Saturday, October 24th. 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 note on Monday, November 2nd. Weiss Ratings cut shares of Bloomin’ Brands from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Finally, JPMorgan Chase & Co. upgraded shares of Bloomin’ Brands from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $6.00 to $13.00 in a report on Tuesday, September 29th. Ten equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $11.10.

Institutional Investors Weigh In On Bloomin’ Brands

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of Bloomin’ Brands during the 2nd quarter worth $62,563,000. Miller Value Partners LLC acquired a new position in shares of Bloomin’ Brands in the 2nd quarter worth $23,635,000. Arrowstreet Capital Limited Partnership raised its position in shares of Bloomin’ Brands by 79.9% during the first 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 during the period. Dimensional Fund Advisors LP raised its position in shares of Bloomin’ Brands by 84.9% during the first 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 during the period. Finally, Prosperitas Financial LLC acquired a new stake in shares of Bloomin’ Brands during the second quarter worth $6,289,000.

About Bloomin’ Brands

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.