Federated Hermes Inc. Boosts Holdings in Bloomin’ Brands, Inc. $BLMN

Federated Hermes Inc. lifted its position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 201,255.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 956,440 shares of the restaurant operator’s stock after buying an additional 955,965 shares during the period. Federated Hermes Inc.’s holdings in Bloomin’ Brands were worth $6,858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio grew its position in 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 worth $41,000 after acquiring an additional 1,164 shares during the period. Harbor Capital Advisors Inc. lifted its stake in shares of Bloomin’ Brands by 9.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 23,502 shares of the restaurant operator’s stock valued at $169,000 after purchasing an additional 1,950 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Bloomin’ Brands by 72.9% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 4,743 shares of the restaurant operator’s stock worth $41,000 after purchasing an additional 2,000 shares during the period. Bank of Montreal Can grew its holdings in shares of Bloomin’ Brands by 21.0% during the 2nd quarter. Bank of Montreal Can now owns 14,583 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 2,526 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Bloomin’ Brands by 6.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,395 shares of the restaurant operator’s stock worth $333,000 after purchasing an additional 2,622 shares during the last quarter.

Bloomin’ Brands Stock Performance

NASDAQ BLMN opened at $5.97 on Tuesday. The company has a debt-to-equity ratio of 2.77, a current ratio of 0.45 and a quick ratio of 0.38. The company has a market cap of $508.76 million, a P/E ratio of -8.91 and a beta of 1.15. The stock has a 50-day moving average of $6.89 and a two-hundred day moving average of $7.22. Bloomin’ Brands, Inc. has a 1-year low of $5.86 and a 1-year high of $12.91.

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, topping the consensus estimate of ($0.12) by $0.09. The business had revenue of $928.81 million for the quarter, compared to analysts’ expectations of $905.59 million. Bloomin’ Brands had a negative net margin of 1.46% and a positive return on equity of 33.92%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company 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, analysts anticipate that Bloomin’ Brands, Inc. will post 1.8 EPS for the current year.

Insider Buying and Selling at Bloomin’ Brands

In other news, EVP Patrick M. Hafner sold 4,256 shares of the business’s stock in a transaction dated 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 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 SEC, which can be accessed through the SEC website. Also, EVP Eric C. Christel bought 150,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were purchased at an average price of $6.38 per share, for a total transaction of $957,000.00. Following the completion of the purchase, the executive vice president directly owned 150,000 shares of the company’s stock, valued at approximately $957,000. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 3.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

BLMN has been the topic of a number of recent analyst reports. Loop Capital set a $10.00 target price on shares of Bloomin’ Brands in a research report on Tuesday, December 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Bloomin’ Brands in a research note on Monday, December 29th. The Goldman Sachs Group upgraded shares of Bloomin’ Brands from a “sell” rating to a “neutral” rating and set a $7.00 price objective on the stock in a report on Friday, November 7th. Finally, Zacks Research raised shares of Bloomin’ Brands from a “strong sell” rating to a “hold” rating in a research report on Friday, November 7th. Seven equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $8.64.

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.