Bloomin’ Brands, Inc. $BLMN Stock Holdings Increased by Caxton Associates LLP

Caxton Associates LLP raised its holdings in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 477.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 136,831 shares of the restaurant operator’s stock after buying an additional 113,134 shares during the period. Caxton Associates LLP’s holdings in Bloomin’ Brands were worth $1,178,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Intech Investment Management LLC grew its position in Bloomin’ Brands by 395.3% during the 2nd quarter. Intech Investment Management LLC now owns 258,356 shares of the restaurant operator’s stock worth $2,224,000 after purchasing an additional 206,192 shares in the last quarter. Kingsview Wealth Management LLC purchased a new stake in shares of Bloomin’ Brands in the second quarter valued at $794,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Bloomin’ Brands by 32.1% in 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 during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Bloomin’ Brands by 58.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 33,445 shares of the restaurant operator’s stock valued at $288,000 after buying an additional 12,350 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in Bloomin’ Brands by 6,111.9% during the second quarter. Nisa Investment Advisors LLC now owns 41,620 shares of the restaurant operator’s stock valued at $358,000 after buying an additional 40,950 shares during the period.

Bloomin’ Brands Price Performance

Shares of Bloomin’ Brands stock opened at $6.99 on Tuesday. The company has a current ratio of 0.45, a quick ratio of 0.38 and a debt-to-equity ratio of 2.77. The firm has a fifty day simple moving average of $7.01 and a 200-day simple moving average of $7.74. The stock has a market capitalization of $595.69 million, a price-to-earnings ratio of -10.43 and a beta of 1.14. Bloomin’ Brands, Inc. has a 1-year low of $5.90 and a 1-year high of $13.09.

Bloomin’ Brands (NASDAQ:BLMN) last announced its earnings results on Thursday, November 6th. The restaurant operator reported ($0.03) 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 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% on a year-over-year basis. 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. On average, sell-side analysts expect that Bloomin’ Brands, Inc. will post 1.8 earnings per share for the current year.

Insider Activity

In other news, EVP Patrick M. Hafner sold 4,256 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was 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 directly owned 8,000 shares in the company, valued at $51,280. The trade was a 34.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Eric C. Christel acquired 150,000 shares of Bloomin’ Brands stock in a transaction dated Monday, November 10th. The stock was acquired at an average cost of $6.38 per share, with a total value of $957,000.00. Following the completion of the transaction, the executive vice president directly owned 150,000 shares of the company’s stock, valued at $957,000. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. 3.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on BLMN shares. 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 Bloomin’ Brands from a “sell” rating to a “neutral” rating and set a $7.00 price target for the company in a research note on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Bloomin’ Brands in a research report on Monday, December 8th. Seven investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $9.07.

About Bloomin’ Brands

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.