Bloomin’ Brands (NASDAQ:BLMN) Shares Down 9.5% – What’s Next?

Bloomin’ Brands, Inc. (NASDAQ:BLMN) shares traded down 9.5% on Monday . The stock traded as low as $7.12 and last traded at $6.9810. Approximately 165,796 shares changed hands during trading, a decline of 90% from the average session volume of 1,733,760 shares. The stock had previously closed at $7.71.

Analyst Ratings Changes

A number of research firms recently weighed in on BLMN. Zacks Research upgraded Bloomin’ Brands from a “strong sell” rating to a “hold” rating in a report on Friday, November 7th. Loop Capital set a $10.00 target price on Bloomin’ Brands in a research report on Tuesday, December 16th. Weiss Ratings restated a “sell (d)” rating on shares of Bloomin’ Brands in a research report on Monday, December 29th. Finally, The Goldman Sachs Group raised Bloomin’ Brands from a “sell” rating to a “neutral” rating and set a $7.00 price target for the company in a research note 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $8.64.

Bloomin’ Brands Stock Performance

The company has a quick ratio of 0.38, a current ratio of 0.45 and a debt-to-equity ratio of 2.77. The stock has a fifty day moving average price of $6.90 and a two-hundred day moving average price of $7.30. The company has a market capitalization of $526.66 million, a price-to-earnings ratio of -9.22 and a beta of 1.13.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings data on Thursday, November 6th. The restaurant operator reported ($0.03) EPS for the quarter, topping 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 firm had revenue of $928.81 million during the quarter, compared to analysts’ expectations of $905.59 million. During the same quarter last year, the business posted $0.21 EPS. The firm’s quarterly revenue 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. As a group, analysts forecast that Bloomin’ Brands, Inc. will post 1.8 EPS for the current fiscal year.

Insider Activity at Bloomin’ Brands

In other news, EVP Patrick M. Hafner sold 4,256 shares of Bloomin’ Brands stock in a transaction 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 owned 8,000 shares of the company’s stock, valued at $51,280. The trade was a 34.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Eric C. Christel bought 150,000 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was acquired at an average price of $6.38 per share, with a total value 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. The trade was a ? increase in their position. The disclosure for this purchase is available in the SEC filing. 3.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased 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 worth $41,000 after purchasing an additional 1,164 shares during the last quarter. WINTON GROUP Ltd increased its holdings in shares of Bloomin’ Brands by 1.1% during the 3rd quarter. WINTON GROUP Ltd now owns 163,932 shares of the restaurant operator’s stock worth $1,175,000 after buying an additional 1,752 shares during the last quarter. Harbor Capital Advisors Inc. raised its position 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 worth $169,000 after buying an additional 1,950 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in Bloomin’ Brands by 72.9% in the second 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. Finally, GAMMA Investing LLC grew its position in Bloomin’ Brands by 50.9% during the fourth quarter. GAMMA Investing LLC now owns 6,221 shares of the restaurant operator’s stock valued at $38,000 after acquiring an additional 2,099 shares during the period.

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.