Bloomin’ Brands (NASDAQ:BLMN) Stock: Insider Patrick Hafner Sells 20,000 Shares

Bloomin’ Brands, Inc. (NASDAQ:BLMN) EVP Patrick Hafner sold 20,000 shares of the business’s stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $10.13, for a total transaction of $202,600.00. Following the completion of the sale, the executive vice president directly owned 17,301 shares in the company, valued at $175,259.13. This trade represents a 53.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Bloomin’ Brands Price Performance

Shares of BLMN stock traded up $0.25 during mid-day trading on Friday, reaching $10.37. The company’s stock had a trading volume of 1,778,624 shares, compared to its average volume of 2,715,412. Bloomin’ Brands, Inc. has a 1-year low of $5.19 and a 1-year high of $12.63. The company has a market cap of $889.23 million, a P/E ratio of 12.65, a PEG ratio of 2.97 and a beta of 1.30. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.18 and a current ratio of 0.29. The firm’s 50-day moving average is $9.21 and its two-hundred day moving average is $8.04.

Bloomin’ Brands (NASDAQ:BLMN) last issued its earnings results on Friday, November 6th. The restaurant operator reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.07. The business had revenue of $944.35 million for the quarter, compared to analyst estimates of $925.23 million. Bloomin’ Brands had a net margin of 1.79% and a return on equity of 24.54%. The firm’s revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the business earned ($0.03) EPS. Bloomin’ Brands has set its FY 2026 guidance at 0.970-1.020 EPS and its Q4 2026 guidance at 0.070-0.120 EPS. On average, research analysts predict that Bloomin’ Brands, Inc. will post 1.00 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BLMN. UBS Group lifted their price objective on Bloomin’ Brands from $9.00 to $11.50 and gave the company a “neutral” rating in a report on Monday, November 2nd. BMO Capital Markets reiterated a “market perform” rating and issued a $12.00 price objective on shares of Bloomin’ Brands in a research note on Thursday, August 6th. Deutsche Bank reissued a “hold” rating and issued a $11.00 target price on shares of Bloomin’ Brands in a report on Thursday, August 6th. Citigroup cut their target price on Bloomin’ Brands from $12.75 to $12.25 and set a “neutral” rating for the company in a research report on Friday, October 23rd. Finally, Morgan Stanley raised their target price on Bloomin’ Brands from $8.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Ten investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $11.10.

Institutional Investors Weigh In On Bloomin’ Brands

Hedge funds have recently made changes to their positions in the company. Empowered Funds LLC boosted its stake in shares of Bloomin’ Brands by 42.5% in the 3rd quarter. Empowered Funds LLC now owns 353,531 shares of the restaurant operator’s stock valued at $2,740,000 after purchasing an additional 105,398 shares during the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of Bloomin’ Brands during the 3rd quarter worth approximately $402,000. Ieq Capital LLC grew its position in shares of Bloomin’ Brands by 1.9% during the 3rd quarter. Ieq Capital LLC now owns 275,757 shares of the restaurant operator’s stock worth $2,137,000 after buying an additional 5,079 shares during the period. Focus Advisor Solutions LLC raised its stake in shares of Bloomin’ Brands by 118.1% during the third quarter. Focus Advisor Solutions LLC now owns 29,758 shares of the restaurant operator’s stock worth $231,000 after buying an additional 16,116 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Bloomin’ Brands by 151.7% during the third quarter. Russell Investments Group Ltd. now owns 345,539 shares of the restaurant operator’s stock worth $2,678,000 after buying an additional 208,243 shares during the last quarter.

About Bloomin’ Brands

Bloomin’ Brands, Inc. is a restaurant company that owns, operates and franchises casual and upscale dining concepts. Its brands include Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse & Wine Bar. The company’s restaurants serve a range of offerings, including steaks and other grilled dishes, Italian cuisine, seafood and fine-dining meals. Bloomin’ Brands was founded in 1988 and is headquartered in Tampa, Florida. Bloomin’ Brands serves customers primarily in the United States, as well as in international markets through company-operated restaurants and franchise arrangements.