Bloomin’ Brands (NASDAQ:BLMN) Shares Gap Up – Here’s What Happened

Bloomin’ Brands, Inc. (NASDAQ:BLMN) shares gapped up prior to trading on Friday. The stock had previously closed at $10.12, but opened at $10.47. Bloomin’ Brands shares last traded at $10.09, with a volume of 261,477 shares traded.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BLMN. UBS Group increased their price objective on shares of Bloomin’ Brands from $9.00 to $11.50 and gave the company a “neutral” rating in a research note on Monday, November 2nd. JPMorgan Chase & Co. raised shares of Bloomin’ Brands from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $6.00 to $13.00 in a research note on Tuesday, September 29th. Weiss Ratings lowered Bloomin’ Brands from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, November 9th. Deutsche Bank restated a “hold” rating and set a $11.00 target price on shares of Bloomin’ Brands in a report on Thursday, August 6th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $12.00 target price on shares of Bloomin’ Brands in a research report on Thursday, August 6th. Ten investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $11.10.

Bloomin’ Brands Trading Up 2.5%

The firm has a market capitalization of $889.23 million, a PE ratio of 12.65, a price-to-earnings-growth ratio of 2.97 and a beta of 1.30. The company’s 50-day simple moving average is $9.21 and its 200 day simple moving average is $8.04. The company has a quick ratio of 0.18, a current ratio of 0.29 and a debt-to-equity ratio of 1.77.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings data on Friday, November 6th. The restaurant operator reported ($0.17) 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 firm had revenue of $944.35 million during the quarter, compared to analyst estimates of $925.23 million. During the same quarter in the previous year, the business posted ($0.03) EPS. Bloomin’ Brands’s revenue was up 1.7% on a year-over-year basis. 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, sell-side analysts expect that Bloomin’ Brands, Inc. will post 1.00 EPS for the current year.

Insider Buying and Selling at Bloomin’ Brands

In related news, EVP Kelly Lefferts sold 50,000 shares of the business’s stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $10.16, for a total transaction of $508,000.00. Following the transaction, the executive vice president directly owned 80,865 shares in the company, valued at $821,588.40. The trade was a 38.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Patrick Hafner sold 20,000 shares of the company’s stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $10.13, for a total value of $202,600.00. Following the transaction, the executive vice president directly owned 17,301 shares in the company, valued at $175,259.13. This represents a 53.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.18% of the company’s stock.

Institutional Investors Weigh In On Bloomin’ Brands

Large investors have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in Bloomin’ Brands during the 2nd quarter worth approximately $62,563,000. Miller Value Partners LLC purchased a new position in shares of Bloomin’ Brands in the second quarter worth $23,635,000. Arrowstreet Capital Limited Partnership lifted its stake 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 worth $21,109,000 after buying an additional 1,736,001 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of 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 worth $11,924,000 after buying an additional 1,013,953 shares during the period. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Bloomin’ Brands by 1.3% during the third quarter. Commonwealth Equity Services LLC now owns 1,460,903 shares of the restaurant operator’s stock valued at $11,322,000 after buying an additional 19,136 shares during the last quarter.

About Bloomin’ Brands

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.