Rohit Lal Buys 10,000 Shares of Bloomin’ Brands (NASDAQ:BLMN) Stock

Bloomin’ Brands, Inc. (NASDAQ:BLMN) Director Rohit Lal acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was acquired at an average price of $5.69 per share, for a total transaction of $56,900.00. Following the completion of the acquisition, the director directly owned 30,156 shares of the company’s stock, valued at $171,587.64. This trade represents a 49.61% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Bloomin’ Brands Price Performance

Shares of BLMN stock opened at $5.51 on Friday. The firm’s 50 day moving average price is $6.61 and its two-hundred day moving average price is $6.85. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.24 and a current ratio of 0.31. Bloomin’ Brands, Inc. has a 52-week low of $5.42 and a 52-week high of $10.70. The stock has a market cap of $469.61 million, a PE ratio of 55.11, a PEG ratio of 2.45 and a beta of 1.12.

Bloomin’ Brands (NASDAQ:BLMN) last issued its earnings results on Wednesday, February 25th. The restaurant operator reported $0.26 EPS for the quarter, beating the consensus estimate of $0.25 by $0.01. Bloomin’ Brands had a net margin of 0.21% and a return on equity of 26.26%. The company had revenue of $975.22 million during the quarter, compared to analysts’ expectations of $980.64 million. During the same quarter in the previous year, the company posted $0.38 EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year. Bloomin’ Brands has set its Q1 2026 guidance at 0.570-0.620 EPS and its FY 2026 guidance at 0.750-0.900 EPS. As a group, analysts forecast that Bloomin’ Brands, Inc. will post 1.8 EPS for the current year.

Wall Street Analyst Weigh In

BLMN has been the topic of several analyst reports. Citigroup increased their target price on Bloomin’ Brands from $6.75 to $7.00 and gave the company a “neutral” rating in a research note on Thursday, February 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Bloomin’ Brands in a research note on Monday, December 29th. Finally, Loop Capital set a $10.00 price target on shares of Bloomin’ Brands in a research report on Tuesday, December 16th. Eight research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $8.44.

Institutional Investors Weigh In On Bloomin’ Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Federated Hermes Inc. grew its stake in shares of Bloomin’ Brands by 201,255.8% during the 3rd quarter. Federated Hermes Inc. now owns 956,440 shares of the restaurant operator’s stock worth $6,858,000 after acquiring an additional 955,965 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Bloomin’ Brands by 790.6% in 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 in the last quarter. Intech Investment Management LLC lifted its position in shares of Bloomin’ Brands by 395.3% in the second quarter. Intech Investment Management LLC now owns 258,356 shares of the restaurant operator’s stock worth $2,224,000 after purchasing an additional 206,192 shares in the last quarter. Texas Permanent School Fund Corp boosted 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. Finally, Arrowstreet Capital Limited Partnership grew its position in Bloomin’ Brands by 32.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,732,038 shares of the restaurant operator’s stock valued at $23,523,000 after purchasing an additional 664,545 shares in the last quarter.

About Bloomin’ Brands

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.