Easterly Investment Partners LLC Sells 82,643 Shares of Bloomin’ Brands, Inc. $BLMN

Easterly Investment Partners LLC trimmed its position in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 32.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 168,940 shares of the restaurant operator’s stock after selling 82,643 shares during the period. Easterly Investment Partners LLC owned 0.20% of Bloomin’ Brands worth $1,042,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of 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 acquiring an additional 3,353 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Bloomin’ Brands by 44.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,431 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 1,662 shares during the last quarter. GAMMA Investing LLC raised its position in Bloomin’ Brands by 50.9% in the fourth quarter. GAMMA Investing LLC now owns 6,221 shares of the restaurant operator’s stock valued at $38,000 after purchasing an additional 2,099 shares during the last quarter. Lazard Asset Management LLC raised its position in Bloomin’ Brands by 178.1% in the second quarter. Lazard Asset Management LLC now owns 10,378 shares of the restaurant operator’s stock valued at $88,000 after purchasing an additional 6,646 shares during the last quarter. Finally, Tidal Investments LLC bought a new position in Bloomin’ Brands in the second quarter valued at about $99,000.

Insider Buying and Selling at Bloomin’ Brands

In other Bloomin’ Brands news, Director Rohit Lal acquired 10,000 shares of the stock in a transaction dated Wednesday, March 11th. The stock was purchased at an average cost of $5.69 per share, with a total value of $56,900.00. Following the transaction, the director owned 30,156 shares in the company, valued at approximately $171,587.64. The trade was a 49.61% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.18% of the company’s stock.

Bloomin’ Brands Stock Down 3.6%

Shares of NASDAQ:BLMN opened at $8.14 on Tuesday. The firm has a market cap of $696.87 million, a P/E ratio of 32.56, a P/E/G ratio of 2.26 and a beta of 1.21. The company has a quick ratio of 0.19, a current ratio of 0.26 and a debt-to-equity ratio of 1.89. Bloomin’ Brands, Inc. has a 12-month low of $5.19 and a 12-month high of $10.70. The business has a fifty day simple moving average of $6.74 and a 200 day simple moving average of $6.66.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.10. Bloomin’ Brands had a return on equity of 28.00% and a net margin of 0.55%.The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company posted $0.59 EPS. The business’s quarterly revenue was up 1.0% on a year-over-year basis. Bloomin’ Brands has set its FY 2026 guidance at 0.750-0.900 EPS and its Q2 2026 guidance at 0.270-0.320 EPS. Analysts predict that Bloomin’ Brands, Inc. will post 0.88 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on BLMN. Weiss Ratings downgraded Bloomin’ Brands from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday. Citigroup increased their target price on Bloomin’ Brands from $6.75 to $9.50 and gave the company a “neutral” rating in a research report on Thursday, May 7th. The Goldman Sachs Group increased their target price on Bloomin’ Brands from $6.00 to $8.50 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Wall Street Zen upgraded Bloomin’ Brands from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Finally, JPMorgan Chase & Co. lowered Bloomin’ Brands from a “neutral” rating to an “underweight” rating and set a $6.00 target price for the company. in a research report on Friday, April 24th. Seven research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $8.78.

About Bloomin’ Brands

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.