Easterly Investment Partners LLC trimmed its position in Bloomin’ Brands, Inc. (NASDAQ:BLMN – Free Report) by 32.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 168,940 shares of the restaurant operator’s stock after selling 82,643 shares during the quarter. Easterly Investment Partners LLC’s holdings in Bloomin’ Brands were worth $1,042,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in Bloomin’ Brands by 12.4% in the 4th quarter. Geode Capital Management LLC now owns 1,940,257 shares of the restaurant operator’s stock valued at $11,973,000 after buying an additional 213,932 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Bloomin’ Brands by 44.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,431 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 1,662 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Bloomin’ Brands in the 4th quarter valued at about $808,000. Pacific Ridge Capital Partners LLC increased its position in Bloomin’ Brands by 4.6% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 66,790 shares of the restaurant operator’s stock valued at $412,000 after buying an additional 2,960 shares in the last quarter. Finally, Bailard Inc. bought a new stake in Bloomin’ Brands in the 4th quarter valued at about $114,000.
Insider Buying and Selling at Bloomin’ Brands
In other Bloomin’ Brands news, Director Rohit Lal bought 10,000 shares of the business’s stock in a transaction dated Wednesday, March 11th. The shares were purchased at an average price of $5.69 per share, for a total transaction of $56,900.00. Following the purchase, the director directly owned 30,156 shares of the company’s stock, valued at approximately $171,587.64. This represents a 49.61% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.18% of the stock is owned by insiders.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on Bloomin’ Brands
Bloomin’ Brands Price Performance
BLMN stock opened at $8.14 on Tuesday. The company has a market capitalization of $696.87 million, a P/E ratio of 32.56, a price-to-earnings-growth ratio of 2.26 and a beta of 1.21. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.19 and a current ratio of 0.26. Bloomin’ Brands, Inc. has a 52-week low of $5.19 and a 52-week high of $10.70. The business has a 50-day simple moving average of $6.74 and a two-hundred day simple moving average of $6.66.
Bloomin’ Brands (NASDAQ:BLMN – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. Bloomin’ Brands had a return on equity of 28.00% and a net margin of 0.55%.The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 EPS. Bloomin’ Brands has set its FY 2026 guidance at 0.750-0.900 EPS and its Q2 2026 guidance at 0.270-0.320 EPS. Research analysts expect that Bloomin’ Brands, Inc. will post 0.88 EPS for the current fiscal year.
About Bloomin’ Brands
Bloomin’ Brands, Inc engages in the ownership, operation and franchising of casual dining restaurants worldwide. The company’s portfolio includes five full-service restaurant chains: Outback Steakhouse, known for its Australian-inspired steakhouse concept; Carrabba’s Italian Grill, offering Italian-American cuisine; Bonefish Grill, specializing in handcrafted seafood dishes; Fleming’s Prime Steakhouse & Wine Bar, focusing on premium steak and wine experiences; and Aussie Grill by Outback, featuring a streamlined menu of signature items.
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