Bloomin’ Brands (NASDAQ:BLMN) EVP Kelly Lefferts Sells 50,000 Shares of Stock

Bloomin’ Brands, Inc. (NASDAQ:BLMN) EVP Kelly Lefferts sold 50,000 shares of the stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $10.16, for a total value of $508,000.00. Following the transaction, the executive vice president directly owned 80,865 shares of the company’s stock, valued at $821,588.40. The trade was a 38.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bloomin’ Brands Stock Performance

Shares of NASDAQ:BLMN opened at $10.12 on Friday. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.29 and a quick ratio of 0.18. The business’s 50 day moving average price is $9.20 and its 200-day moving average price is $8.02. The firm has a market capitalization of $867.79 million, a PE ratio of 12.34, a P/E/G ratio of 3.01 and a beta of 1.30. Bloomin’ Brands, Inc. has a 1 year low of $5.19 and a 1 year high of $12.63.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings data on Friday, November 6th. The restaurant operator reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.07. The firm had revenue of $944.35 million during the quarter, compared to the consensus estimate of $925.23 million. Bloomin’ Brands had a return on equity of 24.54% and a net margin of 1.79%. The firm’s revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.03) EPS. 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. As a group, equities research analysts expect that Bloomin’ Brands, Inc. will post 1.00 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bloomin’ Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of BLMN. HighTower Advisors LLC increased its stake in Bloomin’ Brands by 7.8% during the second quarter. HighTower Advisors LLC now owns 24,844 shares of the restaurant operator’s stock worth $227,000 after purchasing an additional 1,808 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Bloomin’ Brands by 148.2% in the third quarter. Nisa Investment Advisors LLC now owns 5,265 shares of the restaurant operator’s stock valued at $41,000 after purchasing an additional 3,144 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Bloomin’ Brands by 146.3% in the second quarter. Allworth Financial LP now owns 6,069 shares of the restaurant operator’s stock valued at $55,000 after purchasing an additional 3,605 shares in the last quarter. IFP Advisors Inc increased its stake in Bloomin’ Brands by 357.4% during the 2nd quarter. IFP Advisors Inc now owns 5,022 shares of the restaurant operator’s stock worth $46,000 after buying an additional 3,924 shares during the period. Finally, State of Alaska Department of Revenue purchased a new stake in Bloomin’ Brands during the 3rd quarter worth approximately $37,000.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Morgan Stanley increased their price target on shares of Bloomin’ Brands from $8.00 to $12.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. upgraded Bloomin’ Brands from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $6.00 to $13.00 in a report on Tuesday, September 29th. Piper Sandler increased their price objective on Bloomin’ Brands from $9.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Citigroup lowered their price objective on Bloomin’ Brands from $12.75 to $12.25 and set a “neutral” rating for the company in a research report on Friday, October 23rd. Finally, BMO Capital Markets reissued a “market perform” rating and set a $12.00 target price on shares of Bloomin’ Brands in a research note on Thursday, August 6th. Ten equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $11.10.

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.