American Century Companies Inc. Sells 1,277,260 Shares of Bloomin’ Brands, Inc. $BLMN

American Century Companies Inc. lessened its stake in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 75.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 411,074 shares of the restaurant operator’s stock after selling 1,277,260 shares during the quarter. American Century Companies Inc.’s holdings in Bloomin’ Brands were worth $3,539,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Public Employees Retirement System of Ohio grew its holdings in Bloomin’ Brands by 32.9% during the second quarter. Public Employees Retirement System of Ohio now owns 4,704 shares of the restaurant operator’s stock valued at $41,000 after purchasing an additional 1,164 shares during the period. US Bancorp DE lifted its position in shares of 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 buying an additional 5,209 shares during the last quarter. Headlands Technologies LLC grew its stake in shares of Bloomin’ Brands by 294.4% during the 1st quarter. Headlands Technologies LLC now owns 8,709 shares of the restaurant operator’s stock worth $62,000 after acquiring an additional 6,501 shares during the period. Bank of Montreal Can grew its stake in shares of Bloomin’ Brands by 21.0% during the 2nd quarter. Bank of Montreal Can now owns 14,583 shares of the restaurant operator’s stock worth $126,000 after acquiring an additional 2,526 shares during the period. Finally, Ballentine Partners LLC purchased a new stake in Bloomin’ Brands in the 2nd quarter worth about $135,000.

Bloomin’ Brands Price Performance

BLMN stock opened at $7.00 on Tuesday. The firm has a 50 day moving average of $7.04 and a 200-day moving average of $7.76. The firm has a market capitalization of $596.54 million, a P/E ratio of -10.45 and a beta of 1.14. Bloomin’ Brands, Inc. has a 12 month low of $5.90 and a 12 month high of $13.25. The company has a current ratio of 0.45, a quick ratio of 0.38 and a debt-to-equity ratio of 2.77.

Bloomin’ Brands (NASDAQ:BLMN) last posted its 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 1.46% and a positive return on equity of 33.92%. The business had revenue of $928.81 million for the quarter, compared to analysts’ expectations of $905.59 million. During the same period in the prior year, the company posted $0.21 EPS. The business’s revenue for the quarter 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 and its Q4 2025 guidance at 0.230-0.280 EPS. As a group, sell-side analysts predict that Bloomin’ Brands, Inc. will post 1.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BLMN has been the topic of several recent research reports. The Goldman Sachs Group raised shares of Bloomin’ Brands from a “sell” rating to a “neutral” rating and set a $7.00 price objective on the stock in a report on Friday, November 7th. Zacks Research upgraded shares of Bloomin’ Brands from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Bloomin’ Brands in a report on Monday, December 1st. Seven research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $9.07.

Insiders Place Their Bets

In other Bloomin’ Brands news, EVP Eric C. Christel acquired 150,000 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was bought at an average price of $6.38 per share, with a total value of $957,000.00. Following the completion of the purchase, the executive vice president owned 150,000 shares of the company’s stock, valued at approximately $957,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Patrick M. Hafner sold 4,256 shares of the business’s stock in a transaction dated Tuesday, November 11th. The stock was 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 of the company’s stock, valued at approximately $51,280. The trade was a 34.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 3.00% of the company’s stock.

Bloomin’ Brands 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.