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

Bloomin’ Brands, Inc. (NASDAQ:BLMN) EVP Patrick Hafner sold 20,000 shares of the stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $10.13, for a total transaction of $202,600.00. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Bloomin’ Brands Stock Down 1.1%

NASDAQ:BLMN opened at $10.12 on Friday. The firm has a market cap of $867.79 million, a P/E ratio of 12.34, a P/E/G ratio of 3.01 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. Bloomin’ Brands, Inc. has a fifty-two week low of $5.19 and a fifty-two week high of $12.63. The firm has a 50-day simple moving average of $9.20 and a two-hundred day simple moving average of $8.02.

Bloomin’ Brands (NASDAQ:BLMN) last issued its earnings results on Friday, November 6th. The restaurant operator reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.07. Bloomin’ Brands had a net margin of 1.79% and a return on equity of 24.54%. The business had revenue of $944.35 million during the quarter, compared to analysts’ expectations of $925.23 million. During the same period in the previous year, the company earned ($0.03) earnings per share. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. 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. Analysts predict that Bloomin’ Brands, Inc. will post 1.00 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BLMN shares. Weiss Ratings cut Bloomin’ Brands from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. 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. Piper Sandler lifted their target price on Bloomin’ Brands from $9.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Veritas Investment Research set a $13.00 price target on Bloomin’ Brands in a research note on Tuesday, September 29th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $12.00 price target on shares of Bloomin’ Brands in a report on Thursday, August 6th. Ten research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Bloomin’ Brands presently has a consensus rating of “Reduce” and an average target price of $11.10.

Hedge Funds Weigh In On Bloomin’ Brands

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of Bloomin’ Brands in the second quarter worth approximately $62,563,000. Miller Value Partners LLC purchased a new position in shares of Bloomin’ Brands during the second quarter valued at approximately $23,635,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Bloomin’ Brands by 79.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,908,998 shares of the restaurant operator’s stock valued at $21,109,000 after purchasing an additional 1,736,001 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Bloomin’ Brands by 84.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,208,122 shares of the restaurant operator’s stock valued at $11,924,000 after purchasing an additional 1,013,953 shares during the period. Finally, Prosperitas Financial LLC bought a new position in Bloomin’ Brands during the second quarter valued at approximately $6,289,000.

Bloomin’ Brands Company Profile

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.