Envestnet Asset Management Inc. Lowers Position in Bloomin’ Brands, Inc. $BLMN

Envestnet Asset Management Inc. decreased its holdings in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 15.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,106 shares of the restaurant operator’s stock after selling 10,526 shares during the quarter. Envestnet Asset Management Inc. owned 0.07% of Bloomin’ Brands worth $509,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio lifted its position in 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 valued at $41,000 after purchasing an additional 1,164 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Bloomin’ Brands by 505.7% during the 1st quarter. US Bancorp DE now owns 6,239 shares of the restaurant operator’s stock worth $45,000 after acquiring an additional 5,209 shares during the last quarter. Headlands Technologies LLC lifted its holdings in shares of 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 acquiring an additional 6,501 shares during the last quarter. CWM LLC grew its position in Bloomin’ Brands by 1,342.4% in the first quarter. CWM LLC now owns 10,602 shares of the restaurant operator’s stock worth $76,000 after acquiring an additional 9,867 shares in the last quarter. Finally, Corton Capital Inc. bought a new position in Bloomin’ Brands in the first quarter valued at $83,000.

Insider Transactions at Bloomin’ Brands

In other news, EVP Patrick M. Hafner sold 4,256 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $6.41, for a total transaction of $27,280.96. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Eric C. Christel purchased 150,000 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was acquired at an average cost of $6.38 per share, with a total value of $957,000.00. Following the purchase, the executive vice president directly owned 150,000 shares of the company’s stock, valued at $957,000. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 3.00% of the stock is owned by insiders.

Bloomin’ Brands Trading Up 0.3%

NASDAQ:BLMN opened at $6.37 on Tuesday. The firm has a market capitalization of $542.83 million, a P/E ratio of -127.40 and a beta of 1.26. The company has a quick ratio of 0.35, a current ratio of 0.43 and a debt-to-equity ratio of 2.29. The company has a fifty day moving average of $7.06 and a 200 day moving average of $7.86. Bloomin’ Brands, Inc. has a 52 week low of $5.90 and a 52 week high of $14.48.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings data on Thursday, November 6th. The restaurant operator reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.09. The firm 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 0.12% and a positive return on equity of 44.03%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company 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. On average, research analysts predict that Bloomin’ Brands, Inc. will post 1.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Zacks Research upgraded Bloomin’ Brands from a “strong sell” rating to a “hold” rating in a report on Friday, November 7th. Barclays cut their target price on Bloomin’ Brands from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 6th. The Goldman Sachs Group raised shares of Bloomin’ Brands from a “sell” rating to a “neutral” rating and set a $7.00 price target on the stock in a research note on Friday, November 7th. Weiss Ratings restated a “sell (d)” rating on shares of Bloomin’ Brands in a report on Wednesday, November 19th. Finally, BMO Capital Markets reduced their target price 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. Seven investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $9.07.

Bloomin’ Brands Profile

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.