Eric Christel Acquires 150,000 Shares of Bloomin’ Brands (NASDAQ:BLMN) Stock

Bloomin’ Brands, Inc. (NASDAQ:BLMN) EVP Eric Christel purchased 150,000 shares of the company’s stock in a transaction dated Monday, November 10th. The stock was bought at an average price of $6.38 per share, with a total value of $957,000.00. Following the completion of the transaction, the executive vice president directly owned 150,000 shares of the company’s stock, valued at approximately $957,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Bloomin’ Brands Stock Performance

Shares of Bloomin’ Brands stock opened at $6.79 on Friday. Bloomin’ Brands, Inc. has a one year low of $6.09 and a one year high of $14.48. The company has a market cap of $578.62 million, a price-to-earnings ratio of -135.80 and a beta of 1.26. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.35 and a current ratio of 0.43. The business’s 50 day moving average price is $7.14 and its 200 day moving average price is $7.93.

Bloomin’ Brands (NASDAQ:BLMN) last issued its earnings results on Thursday, November 6th. The restaurant operator reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $928.81 million during the quarter, compared to analysts’ expectations of $905.59 million. During the same period in the prior year, the business earned $0.21 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. 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, research analysts predict that Bloomin’ Brands, Inc. will post 1.8 EPS for the current year.

Analysts Set New Price Targets

BLMN has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Bloomin’ Brands in a research report on Wednesday, October 8th. The Goldman Sachs Group raised shares of Bloomin’ Brands from a “sell” rating to a “neutral” rating and set a $7.00 price target on the stock in a research report on Friday, November 7th. BMO Capital Markets lowered their price objective 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. Barclays reduced their target price on 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, Zacks Research raised Bloomin’ Brands from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. Seven analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $9.07.

Institutional Trading of Bloomin’ Brands

Several institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its stake in Bloomin’ Brands by 83,825.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,357 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 3,353 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Bloomin’ Brands by 32.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,704 shares of the restaurant operator’s stock valued at $41,000 after buying an additional 1,164 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in Bloomin’ Brands by 72.9% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 4,743 shares of the restaurant operator’s stock worth $41,000 after acquiring an additional 2,000 shares in the last quarter. US Bancorp DE lifted its stake in Bloomin’ Brands by 505.7% during the 1st quarter. US Bancorp DE now owns 6,239 shares of the restaurant operator’s stock worth $45,000 after acquiring an additional 5,209 shares in the last quarter. Finally, Headlands Technologies LLC boosted its holdings in Bloomin’ Brands by 294.4% during the 1st quarter. Headlands Technologies LLC now owns 8,709 shares of the restaurant operator’s stock valued at $62,000 after acquiring an additional 6,501 shares during the period.

About Bloomin’ Brands

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.