Bloomin’ Brands, Inc. (NASDAQ:BLMN) Given Average Recommendation of “Reduce” by Analysts

Bloomin’ Brands, Inc. (NASDAQ:BLMN) has been given a consensus rating of “Reduce” by the nine research firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $9.1875.

Several equities research analysts have recently commented on the company. Weiss Ratings restated a “sell (d)” rating on shares of Bloomin’ Brands in a research note on Monday, December 29th. The Goldman Sachs Group raised shares of Bloomin’ Brands from a “sell” rating to a “neutral” rating and set a $7.00 price objective on the stock in a research note on Friday, November 7th. Zacks Research upgraded shares of Bloomin’ Brands from a “strong sell” rating to a “hold” rating in a research report on Friday, November 7th. Finally, Loop Capital set a $10.00 target price on shares of Bloomin’ Brands in a report on Tuesday, December 16th.

Insider Transactions at Bloomin’ Brands

In other news, EVP Patrick M. Hafner sold 4,256 shares of the firm’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 value of $27,280.96. Following the completion of the sale, the executive vice president directly owned 8,000 shares of the company’s stock, valued at $51,280. This trade represents a 34.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Eric C. Christel purchased 150,000 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The stock was acquired 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 owned 150,000 shares of the company’s stock, valued at approximately $957,000. This 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 company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership lifted its holdings in Bloomin’ Brands by 32.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,732,038 shares of the restaurant operator’s stock valued at $23,523,000 after acquiring an additional 664,545 shares during the period. Millennium Management LLC increased its holdings in shares of Bloomin’ Brands by 69.9% in the 3rd quarter. Millennium Management LLC now owns 2,590,098 shares of the restaurant operator’s stock valued at $18,571,000 after purchasing an additional 1,065,842 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Bloomin’ Brands by 5.1% in the second quarter. Geode Capital Management LLC now owns 1,937,737 shares of the restaurant operator’s stock valued at $16,685,000 after purchasing an additional 94,260 shares during the period. Two Sigma Investments LP lifted its stake in shares of Bloomin’ Brands by 4.2% in the third quarter. Two Sigma Investments LP now owns 1,583,372 shares of the restaurant operator’s stock valued at $11,353,000 after purchasing an additional 64,059 shares during the period. Finally, Invesco Ltd. boosted its holdings in Bloomin’ Brands by 19.1% during the third quarter. Invesco Ltd. now owns 1,244,774 shares of the restaurant operator’s stock worth $8,925,000 after buying an additional 199,217 shares in the last quarter.

Bloomin’ Brands Price Performance

Shares of BLMN opened at $7.02 on Monday. Bloomin’ Brands has a fifty-two week low of $5.90 and a fifty-two week high of $12.97. The company has a market capitalization of $598.24 million, a price-to-earnings ratio of -10.48 and a beta of 1.13. The firm has a 50-day simple moving average of $6.70 and a 200-day simple moving average of $7.49. The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.38 and a current ratio of 0.45.

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, beating the consensus estimate of ($0.12) by $0.09. Bloomin’ Brands had a positive return on equity of 33.92% and a negative net margin of 1.46%.The firm had revenue of $928.81 million for the quarter, compared to analysts’ expectations of $905.59 million. During the same quarter in the previous year, the firm posted $0.21 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. 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. On average, equities research analysts anticipate that Bloomin’ Brands will post 1.8 earnings per share for the current year.

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.