Bloomin’ Brands, Inc. $BLMN Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 36.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 182,103 shares of the restaurant operator’s stock after selling 105,526 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.21% of Bloomin’ Brands worth $1,306,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Intech Investment Management LLC boosted its stake in shares of Bloomin’ Brands by 395.3% during the 2nd quarter. Intech Investment Management LLC now owns 258,356 shares of the restaurant operator’s stock worth $2,224,000 after acquiring an additional 206,192 shares in the last quarter. Texas Permanent School Fund Corp raised its holdings in Bloomin’ Brands by 438.1% during the second quarter. Texas Permanent School Fund Corp now owns 217,043 shares of the restaurant operator’s stock worth $1,869,000 after purchasing an additional 176,707 shares during the last quarter. SG Americas Securities LLC raised its holdings in Bloomin’ Brands by 790.6% during the third quarter. SG Americas Securities LLC now owns 148,219 shares of the restaurant operator’s stock worth $1,063,000 after purchasing an additional 131,577 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Bloomin’ Brands by 32.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,732,038 shares of the restaurant operator’s stock worth $23,523,000 after purchasing an additional 664,545 shares in the last quarter. Finally, Kingsview Wealth Management LLC acquired a new stake in Bloomin’ Brands in the second quarter valued at $794,000.

Analysts Set New Price Targets

Several research analysts have recently issued reports on BLMN shares. Zacks Research raised Bloomin’ Brands from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. Weiss Ratings restated a “sell (d)” rating on shares of Bloomin’ Brands in a research report on Monday, December 29th. Loop Capital set a $10.00 price target on shares of Bloomin’ Brands in a report on Tuesday, December 16th. Finally, The Goldman Sachs Group upgraded 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 report on Friday, November 7th. Seven analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $8.64.

Insider Buying and Selling at Bloomin’ Brands

In other Bloomin’ Brands news, 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 purchased at an average cost 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 $957,000. This trade represents a ? increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Patrick M. Hafner sold 4,256 shares of the stock in a transaction dated 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 owned 8,000 shares in the company, valued at $51,280. This trade represents a 34.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 3.00% of the company’s stock.

Bloomin’ Brands Price Performance

NASDAQ:BLMN opened at $6.00 on Friday. Bloomin’ Brands, Inc. has a 12-month low of $5.86 and a 12-month high of $12.97. The firm has a market cap of $511.32 million, a price-to-earnings ratio of -8.96 and a beta of 1.13. The company’s 50-day moving average is $6.90 and its two-hundred day moving average is $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.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings results on Thursday, November 6th. The restaurant operator reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.09. The business had revenue of $928.81 million during the quarter, compared to the consensus estimate of $905.59 million. Bloomin’ Brands had a negative net margin of 1.46% and a positive return on equity of 33.92%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 earnings per share. 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. Research analysts expect that Bloomin’ Brands, Inc. will post 1.8 EPS for the current year.

Bloomin’ Brands 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.