Bloomin' Brands (NASDAQ:BLMN) Stock: Insider Patrick Hafner Sells 20,000 Shares

Key Points

• EVP Patrick Hafner sold 20,000 Bloomin’ Brands shares for about $202,600, reducing his direct holdings by 53.62% to 17,301 shares.
• The company beat quarterly EPS and revenue estimates, reporting a loss of $0.17 per share versus expectations of a $0.24 loss, and revenue of $944.35 million. Revenue rose 1.7% year over year.
• Analyst sentiment was mostly cautious: 10 analysts rated the stock Hold and one rated it Sell, with an average price target of $11.10. Shares were trading at $10.12 in the article.

Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report) EVP Patrick Hafner sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $10.13, for a total value of $202,600.00. Following the completion of the transaction, the executive vice president directly owned 17,301 shares of the company's stock, valued at $175,259.13. This trade represents a 53.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Bloomin' Brands Stock Performance

BLMN traded down $0.11 during trading hours on Thursday, hitting $10.12. The company's stock had a trading volume of 2,585,252 shares, compared to its average volume of 2,516,306. The company has a 50-day simple moving average of $9.19 and a 200 day simple moving average of $8.01. The company has a current ratio of 0.29, a quick ratio of 0.18 and a debt-to-equity ratio of 1.77. The firm has a market capitalization of $867.81 million, a PE ratio of 12.34, a PEG ratio of 2.92 and a beta of 1.30. Bloomin' Brands, Inc. has a fifty-two week low of $5.19 and a fifty-two week high of $12.63.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last announced its quarterly earnings results on Friday, November 6th. The restaurant operator reported ($0.17) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.24) by $0.07. Bloomin' Brands had a return on equity of 24.54% and a net margin of 1.79%. The company 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 firm posted ($0.03) EPS. The firm's quarterly 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.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Veritas Investment Research set a $13.00 target price on shares of Bloomin' Brands in a research report on Tuesday, September 29th. Piper Sandler upped their price target on shares of Bloomin' Brands from $9.00 to $12.00 and gave the stock a "neutral" rating in a research note on Monday, August 10th. Deutsche Bank reiterated a "hold" rating and issued a $11.00 price objective on shares of Bloomin' Brands in a report on Thursday, August 6th. BMO Capital Markets reiterated a "market perform" rating and set a $12.00 price objective on shares of Bloomin' Brands in a research note on Thursday, August 6th. Finally, Citigroup lowered their price objective on shares of Bloomin' Brands from $12.75 to $12.25 and set a "neutral" rating on the stock in a research note on Friday, October 23rd. Ten research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and an average price target of $11.10.

Institutional Trading of Bloomin' Brands

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in Bloomin' Brands in the second quarter worth approximately $62,563,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Bloomin' Brands by 79.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,908,998 shares of the restaurant operator's stock valued at $21,109,000 after acquiring an additional 1,736,001 shares during the last quarter. Miller Value Partners LLC acquired a new stake in shares of Bloomin' Brands during the 2nd quarter valued at $23,635,000. Dimensional Fund Advisors LP lifted its position in shares of Bloomin' Brands by 84.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,208,122 shares of the restaurant operator's stock valued at $11,924,000 after acquiring an additional 1,013,953 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Bloomin' Brands by 1.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,460,903 shares of the restaurant operator's stock worth $11,322,000 after acquiring an additional 19,136 shares in the last quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.