Bloomin’ Brands (NASDAQ:BLMN) Trading Up 5% Following Insider Buying Activity

Bloomin’ Brands, Inc. (NASDAQ:BLMN)’s stock price rose 5% during trading on Thursday after an insider bought additional shares in the company. The company traded as high as $6.98 and last traded at $6.8150. Approximately 1,199,131 shares were traded during trading, a decline of 53% from the average daily volume of 2,526,252 shares. The stock had previously closed at $6.49.

Specifically, EVP Eric C. Christel bought 150,000 shares of the firm’s stock in a transaction dated Monday, November 10th. The shares were purchased at an average cost of $6.38 per share, for a total transaction of $957,000.00. Following the transaction, the executive vice president owned 150,000 shares of the company’s stock, valued at $957,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Zacks Research upgraded Bloomin’ Brands from a “strong sell” rating to a “hold” rating in a research report on Friday, November 7th. Weiss Ratings restated a “sell (d+)” rating on shares of Bloomin’ Brands in a report on Wednesday, October 8th. Barclays cut their price objective on shares of Bloomin’ Brands from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 6th. 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 note on Friday, November 7th. Finally, BMO Capital Markets cut their price target on shares of Bloomin’ Brands from $10.00 to $8.00 and set a “market perform” rating on the stock in a report on Thursday, August 7th. Seven analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Bloomin’ Brands currently has a consensus rating of “Reduce” and an average price target of $9.07.

Bloomin’ Brands Stock Performance

The firm’s 50 day moving average is $7.15 and its 200 day moving average is $7.94. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.35 and a current ratio of 0.43. The stock has a market cap of $581.61 million, a P/E ratio of -136.12 and a beta of 1.26.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings results on Thursday, November 6th. The restaurant operator reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $928.81 million for the quarter, compared to analyst estimates of $905.59 million. During the same period in the previous year, the company earned $0.21 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. Bloomin’ Brands has set its FY 2025 guidance at 1.100-1.150 EPS. Q4 2025 guidance at 0.230-0.280 EPS. Analysts anticipate that Bloomin’ Brands, Inc. will post 1.8 EPS for the current year.

Institutional Investors Weigh In On Bloomin’ Brands

Several institutional investors have recently added to or reduced their stakes in BLMN. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Bloomin’ Brands by 83,825.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,357 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 3,353 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Bloomin’ Brands by 32.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,704 shares of the restaurant operator’s stock worth $41,000 after purchasing an additional 1,164 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in Bloomin’ Brands by 72.9% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 4,743 shares of the restaurant operator’s stock worth $41,000 after purchasing an additional 2,000 shares during the last quarter. US Bancorp DE increased its stake in Bloomin’ Brands by 505.7% during the 1st quarter. US Bancorp DE now owns 6,239 shares of the restaurant operator’s stock valued at $45,000 after purchasing an additional 5,209 shares in the last quarter. Finally, Headlands Technologies LLC raised its holdings in shares of Bloomin’ Brands by 294.4% in the first quarter. Headlands Technologies LLC now owns 8,709 shares of the restaurant operator’s stock worth $62,000 after buying an additional 6,501 shares during the last quarter.

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.