Bloomin’ Brands, Inc. (NASDAQ:BLMN) Receives Consensus Rating of “Reduce” from Analysts

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) have received an average rating of “Reduce” from the nine brokerages that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $9.1875.

Several research analysts have recently issued reports on BLMN shares. 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. Weiss Ratings restated a “sell (d)” rating on shares of Bloomin’ Brands in a report on Monday, December 29th. Loop Capital set a $10.00 target price on shares of Bloomin’ Brands in a research report on Tuesday, December 16th. Finally, Zacks Research upgraded shares of Bloomin’ Brands from a “strong sell” rating to a “hold” rating in a research report on Friday, November 7th.

Bloomin’ Brands Stock Performance

BLMN opened at $7.02 on Monday. Bloomin’ Brands has a 1-year low of $5.90 and a 1-year high of $12.97. The stock has a market cap of $598.24 million, a P/E ratio of -10.48 and a beta of 1.13. The stock’s 50 day simple moving average is $6.70 and its 200 day simple moving average is $7.49. The company has a debt-to-equity ratio of 2.77, a current ratio of 0.45 and a quick ratio of 0.38.

Bloomin’ Brands (NASDAQ:BLMN) last posted its earnings results on Thursday, November 6th. The restaurant operator reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates 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 33.92% and a negative net margin of 1.46%.Bloomin’ Brands’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 earnings per share. 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, equities analysts anticipate that Bloomin’ Brands will post 1.8 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Eric C. Christel acquired 150,000 shares of Bloomin’ Brands stock in a transaction dated Monday, November 10th. The shares were acquired at an average cost 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 of the company’s stock, valued at $957,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Patrick M. Hafner sold 4,256 shares of the stock in a transaction on 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 approximately $51,280. The trade was a 34.73% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in Bloomin’ Brands by 83,825.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,357 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 3,353 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Bloomin’ Brands by 32.9% in 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 buying an additional 1,164 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of Bloomin’ Brands by 72.9% during the second quarter. Steward Partners Investment Advisory LLC now owns 4,743 shares of the restaurant operator’s stock valued at $41,000 after buying an additional 2,000 shares during the period. GAMMA Investing LLC lifted its stake in shares of Bloomin’ Brands by 50.9% during the fourth quarter. GAMMA Investing LLC now owns 6,221 shares of the restaurant operator’s stock valued at $38,000 after buying an additional 2,099 shares during the period. Finally, Lazard Asset Management LLC boosted its position in Bloomin’ Brands by 178.1% during the second quarter. Lazard Asset Management LLC now owns 10,378 shares of the restaurant operator’s stock worth $88,000 after acquiring an additional 6,646 shares during the last quarter.

Bloomin’ Brands Company Profile

Bloomin’ Brands, Inc engages in the ownership, operation and franchising of casual dining restaurants worldwide. The company’s portfolio includes five full-service restaurant chains: Outback Steakhouse, known for its Australian-inspired steakhouse concept; Carrabba’s Italian Grill, offering Italian-American cuisine; Bonefish Grill, specializing in handcrafted seafood dishes; Fleming’s Prime Steakhouse & Wine Bar, focusing on premium steak and wine experiences; and Aussie Grill by Outback, featuring a streamlined menu of signature items.