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

Bloomin’ Brands, Inc. (NASDAQ:BLMN)’s stock price traded up 5% during mid-day trading on Thursday following insider buying activity. The company traded as high as $6.98 and last traded at $6.8150. 1,199,131 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 2,526,252 shares. The stock had previously closed at $6.49.

Specifically, EVP Eric C. Christel acquired 150,000 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was bought at an average price of $6.38 per share, for a total transaction of $957,000.00. Following the acquisition, the executive vice president directly owned 150,000 shares of the company’s stock, valued at approximately $957,000. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Analyst Ratings Changes

Several brokerages recently commented on BLMN. The Goldman Sachs Group raised Bloomin’ Brands from a “sell” rating to a “neutral” rating and set a $7.00 price target for the company in a research report on Friday, November 7th. Barclays dropped their price objective on Bloomin’ Brands from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 6th. BMO Capital Markets decreased their target price on shares of 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. Zacks Research upgraded shares of Bloomin’ Brands from a “strong sell” rating to a “hold” rating in a report on Friday, November 7th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Bloomin’ Brands in a research note on Thursday. Seven analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $9.07.

Bloomin’ Brands Stock Performance

The company’s fifty day simple moving average is $7.13 and its two-hundred day simple moving average is $7.92. 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 capitalization of $576.92 million, a P/E ratio of -135.40 and a beta of 1.26.

Bloomin’ Brands (NASDAQ:BLMN) last posted its earnings results on Thursday, November 6th. The restaurant operator reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.09. The company 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 firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.21 earnings per share. 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, equities analysts forecast that Bloomin’ Brands, Inc. will post 1.8 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Bloomin’ Brands by 32.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,732,038 shares of the restaurant operator’s stock worth $23,523,000 after buying an additional 664,545 shares in the last quarter. Millennium Management LLC increased its position in Bloomin’ Brands by 123.1% during the first 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 raised its stake in Bloomin’ Brands by 5.1% in the 2nd 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. boosted its holdings in Bloomin’ Brands by 12.9% in 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. Finally, Two Sigma Investments LP grew its position in shares of Bloomin’ Brands by 4.2% during the 3rd quarter. Two Sigma Investments LP now owns 1,583,372 shares of the restaurant operator’s stock worth $11,353,000 after purchasing an additional 64,059 shares in 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.