Bloomin’ Brands, Inc. $BLMN Shares Bought by Caxton Associates LLP

Caxton Associates LLP raised its stake in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 477.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 136,831 shares of the restaurant operator’s stock after purchasing an additional 113,134 shares during the period. Caxton Associates LLP owned 0.16% of Bloomin’ Brands worth $1,178,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its stake in Bloomin’ Brands by 83,825.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,357 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 3,353 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Bloomin’ Brands by 32.9% in the 2nd 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 in 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 last quarter. US Bancorp DE raised its position 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 valued at $45,000 after acquiring an additional 5,209 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its stake 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 purchasing an additional 6,646 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Zacks Research upgraded shares of Bloomin’ Brands from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. The Goldman Sachs Group raised 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, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Bloomin’ Brands in a research report on Monday, December 8th. Seven research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $9.07.

Insider Buying and Selling

In other news, EVP Eric C. Christel bought 150,000 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were purchased at an average price of $6.38 per share, with a total value of $957,000.00. Following the completion of the acquisition, the executive vice president directly owned 150,000 shares in the company, valued at approximately $957,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 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 SEC filing for this sale provides additional information. 3.00% of the stock is owned by company insiders.

Bloomin’ Brands Price Performance

Shares of BLMN opened at $6.99 on Tuesday. Bloomin’ Brands, Inc. has a one year low of $5.90 and a one year high of $13.09. The stock’s fifty day moving average is $7.01 and its 200-day moving average is $7.74. The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.38 and a current ratio of 0.45. The firm has a market capitalization of $595.69 million, a price-to-earnings ratio of -10.43 and a beta of 1.14.

Bloomin’ Brands (NASDAQ:BLMN) last announced its earnings results 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 during the quarter, compared to analyst estimates of $905.59 million. Bloomin’ Brands had a negative net margin of 1.46% and a positive return on equity of 33.92%. Bloomin’ Brands’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 EPS. 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. Equities analysts anticipate that Bloomin’ Brands, Inc. will post 1.8 EPS for the current year.

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.