Jefferies Financial Group Inc. Invests $94,000 in Bloomin’ Brands, Inc. $BLMN

Jefferies Financial Group Inc. acquired a new stake in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 10,912 shares of the restaurant operator’s stock, valued at approximately $94,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Millennium Management LLC raised its stake in Bloomin’ Brands by 123.1% during the 1st quarter. Millennium Management LLC now owns 2,299,778 shares of the restaurant operator’s stock worth $16,489,000 after acquiring an additional 1,268,988 shares during the period. Geode Capital Management LLC increased its stake in shares of 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 worth $16,685,000 after purchasing an additional 94,260 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Bloomin’ Brands by 12.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,596,638 shares of the restaurant operator’s stock valued at $11,448,000 after purchasing an additional 182,223 shares during the period. Nuveen LLC purchased a new position in shares of Bloomin’ Brands during the 1st quarter valued at $7,890,000. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Bloomin’ Brands by 16.9% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,062,125 shares of the restaurant operator’s stock valued at $7,615,000 after buying an additional 153,410 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BLMN shares. BMO Capital Markets cut their price target on Bloomin’ Brands from $10.00 to $8.00 and set a “market perform” rating for the company in a research note on Thursday, August 7th. Barclays cut their target price 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. Zacks Research raised Bloomin’ Brands from a “strong sell” rating to a “hold” rating in a report on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Bloomin’ Brands in a report on Tuesday. Finally, The Goldman Sachs Group upgraded shares of Bloomin’ Brands from a “sell” rating to a “neutral” rating and set a $7.00 price objective on the stock in a research 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’s stock. According to data from MarketBeat.com, Bloomin’ Brands currently has an average rating of “Reduce” and an average price target of $9.07.

Insiders Place Their Bets

In other news, EVP Patrick M. 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 value of $27,280.96. Following the sale, the executive vice president directly 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 filing with the SEC, which is available at the SEC website. Also, EVP Eric C. Christel bought 150,000 shares of the firm’s stock in a transaction dated Monday, November 10th. The shares were acquired at an average price of $6.38 per share, for a total transaction of $957,000.00. Following the completion of the transaction, the executive vice president directly owned 150,000 shares in the company, valued at approximately $957,000. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 3.00% of the stock is owned by corporate insiders.

Bloomin’ Brands Price Performance

Shares of Bloomin’ Brands stock opened at $7.09 on Friday. The firm has a market cap of $604.19 million, a PE ratio of -141.80 and a beta of 1.26. The stock has a 50 day moving average of $7.08 and a 200 day moving average of $7.83. 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, Inc. has a 12 month low of $5.90 and a 12 month high of $14.48.

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

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.