Bloomin’ Brands (NASDAQ:BLMN) Stock Price Down 6.1% – Should You Sell?

Bloomin’ Brands, Inc. (NASDAQ:BLMN) shares fell 6.1% on Monday . The stock traded as low as $6.41 and last traded at $6.3750. 423,107 shares were traded during trading, a decline of 83% from the average session volume of 2,472,019 shares. The stock had previously closed at $6.79.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BLMN shares. Weiss Ratings reissued a “sell (d)” rating on shares of Bloomin’ Brands in a report on Monday, December 22nd. Loop Capital set a $10.00 price target on Bloomin’ Brands in a report on Tuesday, December 16th. Zacks Research upgraded Bloomin’ Brands from a “strong sell” rating to a “hold” rating in a research report on Friday, November 7th. Finally, The Goldman Sachs Group raised shares of Bloomin’ Brands from a “sell” rating to a “neutral” rating and set a $7.00 target price for the company in a report on Friday, November 7th. Seven investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Bloomin’ Brands has an average rating of “Reduce” and an average target price of $9.19.

Bloomin’ Brands Stock Down 6.7%

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 business has a 50-day simple moving average of $6.89 and a 200-day simple moving average of $7.67. The company has a market cap of $539.87 million, a PE ratio of -9.45 and a beta of 1.14.

Bloomin’ Brands (NASDAQ:BLMN) last announced its earnings results on Thursday, November 6th. The restaurant operator reported ($0.03) earnings per share for the quarter, topping 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 business had revenue of $928.81 million during the quarter, compared to the consensus estimate of $905.59 million. During the same period in the prior year, the company posted $0.21 EPS. The business’s quarterly revenue 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. Equities research analysts anticipate that Bloomin’ Brands, Inc. will post 1.8 EPS for the current year.

Insider Buying and Selling at Bloomin’ Brands

In other news, EVP Patrick M. Hafner sold 4,256 shares of Bloomin’ Brands stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $6.41, for a total value of $27,280.96. Following the sale, 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Eric C. Christel bought 150,000 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were bought at an average cost of $6.38 per share, with a total value of $957,000.00. Following the purchase, the executive vice president directly 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 disclosure for this purchase is available in the SEC filing. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Bloomin’ Brands

A number of hedge funds have recently made changes to their positions in BLMN. Northwestern Mutual Wealth Management Co. raised its stake in Bloomin’ Brands by 83,825.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,357 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 3,353 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of 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 buying an additional 1,164 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of 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 buying an additional 2,000 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of Bloomin’ Brands by 178.1% in the second quarter. Lazard Asset Management LLC now owns 10,378 shares of the restaurant operator’s stock valued at $88,000 after buying an additional 6,646 shares during the last quarter. Finally, Jefferies Financial Group Inc. purchased a new position in shares of Bloomin’ Brands in the second quarter worth about $94,000.

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.