Bloomin’ Brands (NASDAQ:BLMN) EVP Patrick Hafner Sells 4,256 Shares

Bloomin’ Brands, Inc. (NASDAQ:BLMN) EVP Patrick Hafner sold 4,256 shares of the company’s 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 completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Bloomin’ Brands Trading Up 2.7%

Shares of NASDAQ BLMN traded up $0.18 during trading on Thursday, hitting $6.67. 899,755 shares of the company were exchanged, compared to its average volume of 2,523,978. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.35 and a current ratio of 0.43. Bloomin’ Brands, Inc. has a 12-month low of $6.09 and a 12-month high of $14.48. The company has a fifty day moving average price of $7.15 and a 200-day moving average price of $7.94. The firm has a market capitalization of $568.14 million, a PE ratio of -133.50 and a beta of 1.26.

Bloomin’ Brands (NASDAQ:BLMN) last issued 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 negative net margin of 0.12% and a positive return on equity of 44.03%. 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 firm earned $0.21 earnings per share. Bloomin’ Brands has set its FY 2025 guidance at 1.100-1.150 EPS. Q4 2025 guidance at 0.230-0.280 EPS. As a group, equities research analysts expect that Bloomin’ Brands, Inc. will post 1.8 EPS for the current year.

Institutional Trading of Bloomin’ Brands

A number of institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. boosted its position 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 purchasing an additional 3,353 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of 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 worth $41,000 after acquiring an additional 1,164 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Bloomin’ Brands by 72.9% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 4,743 shares of the restaurant operator’s stock valued at $41,000 after acquiring an additional 2,000 shares during the period. US Bancorp DE raised its position in Bloomin’ Brands by 505.7% in the 1st quarter. US Bancorp DE now owns 6,239 shares of the restaurant operator’s stock valued at $45,000 after purchasing an additional 5,209 shares during the last quarter. Finally, Headlands Technologies LLC boosted its stake in 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 purchasing an additional 6,501 shares during the period.

Analyst Ratings Changes

BLMN has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Bloomin’ Brands in a research report on Wednesday, October 8th. Zacks Research raised shares of Bloomin’ Brands from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. BMO Capital Markets decreased their price objective on shares of Bloomin’ Brands from $10.00 to $8.00 and set a “market perform” rating on the stock in a report on Thursday, August 7th. The Goldman Sachs Group upgraded shares of Bloomin’ Brands from a “sell” rating to a “neutral” rating and set a $7.00 target price for the company in a report on Friday, November 7th. Finally, Barclays cut their target price on Bloomin’ Brands from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 6th. Seven analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price 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.