Bloomin’ Brands (NASDAQ:BLMN) Hits New 12-Month Low – What’s Next?

Bloomin’ Brands, Inc. (NASDAQ:BLMN) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $5.86 and last traded at $5.9950, with a volume of 433343 shares trading hands. The stock had previously closed at $6.16.

Wall Street Analyst Weigh In

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

Bloomin’ Brands Trading Down 2.6%

The company has a 50 day simple moving average of $6.90 and a 200 day simple moving average of $7.26. The company has a current ratio of 0.45, a quick ratio of 0.38 and a debt-to-equity ratio of 2.77. The stock has a market capitalization of $511.32 million, a PE ratio of -8.96 and a beta of 1.13.

Bloomin’ Brands (NASDAQ:BLMN) last released 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. Bloomin’ Brands had a positive return on equity of 33.92% and a negative net margin of 1.46%.The business had revenue of $928.81 million for the quarter, compared to analyst estimates of $905.59 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. 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. Analysts predict that Bloomin’ Brands, Inc. will post 1.8 earnings per share for the current fiscal year.

Insider Buying and Selling at Bloomin’ Brands

In other Bloomin’ Brands news, EVP Eric C. Christel acquired 150,000 shares of the stock in a transaction on Monday, November 10th. The shares were bought at an average price of $6.38 per share, with a total value of $957,000.00. Following the acquisition, the executive vice president 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Patrick M. Hafner sold 4,256 shares of the 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 transaction, the executive vice president directly owned 8,000 shares of the company’s stock, valued at approximately $51,280. This trade represents a 34.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Millennium Management LLC increased its stake in Bloomin’ Brands by 123.1% in the 1st quarter. Millennium Management LLC now owns 2,299,778 shares of the restaurant operator’s stock valued at $16,489,000 after purchasing an additional 1,268,988 shares in the last quarter. Federated Hermes Inc. boosted its position in Bloomin’ Brands by 201,255.8% during the third quarter. Federated Hermes Inc. now owns 956,440 shares of the restaurant operator’s stock worth $6,858,000 after purchasing an additional 955,965 shares in the last quarter. Arrowstreet Capital Limited Partnership grew 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 purchasing an additional 664,545 shares during the last quarter. Marshall Wace LLP increased its position in shares of Bloomin’ Brands by 411.8% in the second quarter. Marshall Wace LLP now owns 712,587 shares of the restaurant operator’s stock valued at $6,135,000 after buying an additional 573,363 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC increased its position in shares of Bloomin’ Brands by 1,069.7% in the third quarter. Counterpoint Mutual Funds LLC now owns 431,359 shares of the restaurant operator’s stock valued at $3,093,000 after buying an additional 394,480 shares in the last quarter.

Bloomin’ Brands Company Profile

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.