Bloomin’ Brands (NASDAQ:BLMN) Trading 5.7% Higher – Here’s Why

by · The Cerbat Gem

Bloomin’ Brands, Inc. (NASDAQ:BLMN – Get Free Report)’s share price traded up 5.7% during mid-day trading on Wednesday . The company traded as high as $7.30 and last traded at $7.1950. 390,073 shares were traded during trading, a decline of 84% from the average session volume of 2,485,538 shares. The stock had previously closed at $6.81.

Analysts Set New Price Targets

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

Get Our Latest Report on Bloomin’ Brands

Bloomin’ Brands Trading Down 3.6%

The stock has a 50-day moving average of $6.98 and a two-hundred day moving average of $7.72. The company has a market cap of $589.72 million, a P/E ratio of -10.33 and a beta of 1.14. The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.38 and a current ratio of 0.45.

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

Insider Transactions at Bloomin’ Brands

In other news, EVP Patrick M. Hafner sold 4,256 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $6.41, for a total value of $27,280.96. Following the transaction, the executive vice president owned 8,000 shares in the company, valued at approximately $51,280. This represents a 34.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Eric C. Christel purchased 150,000 shares of Bloomin’ Brands stock in a transaction that occurred on Monday, November 10th. The shares were purchased at an average cost of $6.38 per share, with a total value of $957,000.00. Following the transaction, the executive vice president directly owned 150,000 shares of the company’s stock, valued at $957,000. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 3.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Intech Investment Management LLC lifted its holdings in shares of Bloomin’ Brands by 395.3% in the second quarter. Intech Investment Management LLC now owns 258,356 shares of the restaurant operator’s stock worth $2,224,000 after buying an additional 206,192 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Bloomin’ Brands by 32.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,732,038 shares of the restaurant operator’s stock valued at $23,523,000 after acquiring an additional 664,545 shares during the last quarter. Kingsview Wealth Management LLC bought a new stake in Bloomin’ Brands in the 2nd quarter valued at $794,000. Wealth Enhancement Advisory Services LLC lifted its stake in Bloomin’ Brands by 58.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 33,445 shares of the restaurant operator’s stock worth $288,000 after purchasing an additional 12,350 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Bloomin’ Brands by 6,111.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 41,620 shares of the restaurant operator’s stock valued at $358,000 after purchasing an additional 40,950 shares during the last quarter.

About Bloomin’ Brands

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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.

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