Y Intercept Hong Kong Ltd Has $1.87 Million Stock Position in Bloomin’ Brands, Inc. $BLMN

Y Intercept Hong Kong Ltd lifted its holdings in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 121.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 260,905 shares of the restaurant operator’s stock after buying an additional 142,870 shares during the quarter. Y Intercept Hong Kong Ltd owned about 0.31% of Bloomin’ Brands worth $1,871,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its stake in Bloomin’ Brands by 32.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,732,038 shares of the restaurant operator’s stock worth $23,523,000 after buying an additional 664,545 shares during the period. Millennium Management LLC lifted its holdings in Bloomin’ Brands by 123.1% during 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 during the last quarter. Geode Capital Management LLC lifted its position in Bloomin’ Brands by 5.1% during the second quarter. Geode Capital Management LLC now owns 1,937,737 shares of the restaurant operator’s stock worth $16,685,000 after acquiring an additional 94,260 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Bloomin’ Brands by 4.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,048,497 shares of the restaurant operator’s stock valued at $7,518,000 after acquiring an additional 43,329 shares during the period. Finally, Invesco Ltd. boosted its stake in Bloomin’ Brands by 8.8% in the second quarter. Invesco Ltd. now owns 1,045,557 shares of the restaurant operator’s stock valued at $9,002,000 after buying an additional 84,692 shares in the last quarter.

Insider Activity

In other Bloomin’ Brands news, EVP Eric C. Christel purchased 150,000 shares of the stock in a transaction 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 transaction, the executive vice president directly owned 150,000 shares of the company’s stock, valued at approximately $957,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 completion of the sale, the executive vice president owned 8,000 shares of the company’s stock, valued at approximately $51,280. This trade represents a 34.73% decrease in their position. The SEC filing for this sale provides additional information. 3.00% of the stock is owned by company insiders.

Bloomin’ Brands Stock Performance

NASDAQ:BLMN opened at $6.16 on Friday. The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.38 and a current ratio of 0.45. Bloomin’ Brands, Inc. has a fifty-two week low of $5.90 and a fifty-two week high of $12.97. The business has a 50 day moving average price of $6.90 and a 200-day moving average price of $7.30. The firm has a market cap of $524.96 million, a PE ratio of -9.19 and a beta of 1.13.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BLMN shares. Loop Capital set a $10.00 price objective on shares of Bloomin’ Brands in a research report on Tuesday, December 16th. Zacks Research upgraded Bloomin’ Brands from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. The Goldman Sachs Group raised Bloomin’ Brands from a “sell” rating to a “neutral” rating and set a $7.00 price target on the stock in a report on Friday, November 7th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Bloomin’ Brands in a research report on Monday, December 29th. Seven analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Bloomin’ Brands presently has an average rating of “Reduce” and a consensus target price of $8.64.

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.