Insider Selling: Bloomin' Brands (NASDAQ:BLMN) EVP Sells 4,256 Shares of Stock

Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report) EVP Patrick Hafner sold 4,256 shares of the business'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 $51,280. The trade was a 34.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Bloomin' Brands Stock Up 2.2%

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BLMN traded up $0.14 during trading on Wednesday, reaching $6.49. The stock had a trading volume of 2,331,634 shares, compared to its average volume of 2,532,593. Bloomin' Brands, Inc. has a one year low of $6.09 and a one year high of $14.48. The company has a market capitalization of $553.06 million, a price-to-earnings ratio of -129.80 and a beta of 1.26. The stock's 50 day moving average is $7.15 and its two-hundred day moving average is $7.94. The company has a current ratio of 0.43, a quick ratio of 0.35 and a debt-to-equity ratio of 2.29.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The restaurant operator reported ($0.03) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.12) by $0.09. Bloomin' Brands had a negative net margin of 0.12% and a positive return on equity of 44.03%. The firm had revenue of $928.81 million for the quarter, compared to the consensus estimate of $905.59 million. During the same quarter last year, the firm posted $0.21 EPS. The business's quarterly revenue was up 2.1% compared to the same quarter last year. Bloomin' Brands has set its FY 2025 guidance at 1.100-1.150 EPS. Q4 2025 guidance at 0.230-0.280 EPS. As a group, analysts expect that Bloomin' Brands, Inc. will post 1.8 earnings per share for the current year.

Wall Street Analyst Weigh In

• Bloomin’ Brands Stock Drops on Weak Guidance and Demand Concerns

Several research analysts recently issued reports on the company. Zacks Research raised Bloomin' Brands from a "strong sell" rating to a "hold" rating in a research note on Friday, November 7th. The Goldman Sachs Group raised shares of Bloomin' Brands from a "sell" rating to a "neutral" rating and set a $7.00 target price on the stock in a research report on Friday, November 7th. BMO Capital Markets reduced their price target on shares of Bloomin' Brands from $10.00 to $8.00 and set a "market perform" rating for the company in a research report on Thursday, August 7th. Barclays lowered their price target on Bloomin' Brands from $9.00 to $7.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 6th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Bloomin' Brands in a report on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Bloomin' Brands has a consensus rating of "Reduce" and an average price target of $9.07.

View Our Latest Stock Report on Bloomin' Brands

Institutional Trading of Bloomin' Brands

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A number of institutional investors and hedge funds have recently modified their holdings of BLMN. Arrowstreet Capital Limited Partnership increased its holdings in Bloomin' Brands by 32.1% during 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 purchasing an additional 664,545 shares in the last quarter. Millennium Management LLC lifted its stake in Bloomin' Brands by 123.1% in the first quarter. Millennium Management LLC now owns 2,299,778 shares of the restaurant operator's stock valued at $16,489,000 after buying an additional 1,268,988 shares during the period. Geode Capital Management LLC increased its stake in Bloomin' Brands by 5.1% in the second quarter. Geode Capital Management LLC now owns 1,937,737 shares of the restaurant operator's stock valued at $16,685,000 after purchasing an additional 94,260 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Bloomin' Brands by 12.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,596,638 shares of the restaurant operator's stock worth $11,448,000 after acquiring an additional 182,223 shares in the last quarter. Finally, Nuveen LLC bought a new stake in Bloomin' Brands during the 1st quarter worth approximately $7,890,000.

Bloomin' Brands Company Profile

Bloomin' Brands, Inc engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.

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