Bloomin’ Brands, Inc. (NASDAQ:BLMN) Given Average Recommendation of “Reduce” by Brokerages

Bloomin’ Brands, Inc. (NASDAQ:BLMN) has earned a consensus recommendation of “Reduce” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $9.1875.

BLMN has been the topic of a number of research reports. Zacks Research upgraded Bloomin’ Brands from a “strong sell” rating to a “hold” rating in a research report on Friday, November 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of Bloomin’ Brands in a research report on Monday. Loop Capital set a $10.00 price objective on Bloomin’ Brands in a research report on Tuesday. Finally, The Goldman Sachs Group raised Bloomin’ Brands from a “sell” rating to a “neutral” rating and set a $7.00 price objective on the stock in a research note on Friday, November 7th.

Bloomin’ Brands Stock Up 4.0%

NASDAQ BLMN opened at $7.09 on Thursday. Bloomin’ Brands has a twelve month low of $5.90 and a twelve month high of $12.97. The stock has a market cap of $603.76 million, a PE ratio of -10.57 and a beta of 1.14. The firm has a 50-day simple moving average of $6.99 and a 200 day simple moving average of $7.73. The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.38 and a current ratio of 0.45.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings results on Thursday, November 6th. The restaurant operator reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.09. Bloomin’ Brands had a positive return on equity of 33.92% and a negative net margin of 1.46%.The firm 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 posted $0.21 earnings per share. The company’s quarterly revenue 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. On average, research analysts forecast that Bloomin’ Brands will post 1.8 EPS for the current year.

Insider Activity

In related news, EVP Eric C. Christel bought 150,000 shares of the company’s stock in a transaction on Monday, November 10th. The stock was bought at an average cost 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 in the company, valued at approximately $957,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Patrick M. Hafner sold 4,256 shares of the stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $6.41, for a total transaction of $27,280.96. Following the sale, the executive vice president directly owned 8,000 shares in the company, valued at $51,280. This trade represents 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.

Hedge Funds Weigh In On Bloomin’ Brands

Large investors have recently bought and sold shares of the business. Intech Investment Management LLC grew its holdings 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 acquiring an additional 206,192 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Bloomin’ Brands by 32.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,732,038 shares of the restaurant operator’s stock valued at $23,523,000 after purchasing an additional 664,545 shares during the period. Kingsview Wealth Management LLC bought a new position in shares of Bloomin’ Brands in the 2nd quarter worth $794,000. Wealth Enhancement Advisory Services LLC grew its stake 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 worth $288,000 after purchasing an additional 12,350 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in Bloomin’ Brands by 6,111.9% in the second quarter. Nisa Investment Advisors LLC now owns 41,620 shares of the restaurant operator’s stock valued at $358,000 after purchasing an additional 40,950 shares during the last quarter.

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.