Bloomin’ Brands (NASDAQ:BLMN) Reaches New 1-Year Low – Here’s Why

Bloomin’ Brands, Inc. (NASDAQ:BLMN)’s share price reached a new 52-week low on Thursday . The company traded as low as $6.03 and last traded at $6.1350, with a volume of 190495 shares. The stock had previously closed at $6.15.

Analyst Ratings Changes

A number of research analysts have commented on BLMN shares. BMO Capital Markets lowered their price target on Bloomin’ Brands from $10.00 to $8.00 and set a “market perform” rating for the company in a research report on Thursday, August 7th. Weiss Ratings restated a “sell (d)” rating on shares of Bloomin’ Brands in a report on Thursday, November 13th. Zacks Research upgraded shares of Bloomin’ Brands from a “strong sell” rating to a “hold” rating in a report on Friday, November 7th. Barclays reduced their price objective on shares of Bloomin’ Brands from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 6th. 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 research report on Friday, November 7th. Seven investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Bloomin’ Brands has an average rating of “Reduce” and a consensus target price of $9.07.

Bloomin’ Brands Trading Down 1.4%

The stock’s fifty day simple moving average is $7.10 and its two-hundred day simple moving average is $7.88. The firm has a market cap of $516.84 million, a PE ratio of -121.50 and a beta of 1.26. The company has a quick ratio of 0.35, a current ratio of 0.43 and a debt-to-equity ratio of 2.29.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings results on Thursday, November 6th. The restaurant operator reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.09. Bloomin’ Brands had a positive return on equity of 44.03% and a negative net margin of 0.12%.The firm had revenue of $928.81 million for the quarter, compared to analysts’ expectations of $905.59 million. During the same period in the previous year, the firm posted $0.21 EPS. The business’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. Q4 2025 guidance at 0.230-0.280 EPS. On average, sell-side analysts forecast that Bloomin’ Brands, Inc. will post 1.8 EPS for the current fiscal year.

Insider Buying and Selling at Bloomin’ Brands

In related news, EVP Eric C. Christel purchased 150,000 shares of the stock in a transaction dated Monday, November 10th. The stock was purchased 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 in the company, valued at $957,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Patrick M. Hafner sold 4,256 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $6.41, for a total transaction of $27,280.96. Following the sale, the executive vice president directly 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 SEC filing for this sale provides additional information. 3.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bloomin’ Brands

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC boosted its position in shares of Bloomin’ Brands by 123.1% during the first quarter. Millennium Management LLC now owns 2,299,778 shares of the restaurant operator’s stock valued at $16,489,000 after buying an additional 1,268,988 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Bloomin’ Brands during the 1st quarter valued at about $7,890,000. Federated Hermes Inc. grew its stake in shares of Bloomin’ Brands by 201,255.8% in the third 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 during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Bloomin’ Brands by 32.1% during 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 during the last quarter. Finally, Landscape Capital Management L.L.C. raised its holdings in shares of Bloomin’ Brands by 1,549.5% during the first quarter. Landscape Capital Management L.L.C. now owns 637,264 shares of the restaurant operator’s stock valued at $4,569,000 after purchasing an additional 598,630 shares during the last quarter.

Bloomin’ Brands Company Profile

Bloomin’ Brands, Inc engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.