Bloomin’ Brands, Inc. $BLMN Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. boosted its stake in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 201,255.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 956,440 shares of the restaurant operator’s stock after purchasing an additional 955,965 shares during the period. Federated Hermes Inc. owned approximately 1.12% of Bloomin’ Brands worth $6,858,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Arrowstreet Capital Limited Partnership increased its holdings in shares of Bloomin’ Brands by 32.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,732,038 shares of the restaurant operator’s stock valued at $23,523,000 after purchasing an additional 664,545 shares in the last quarter. Millennium Management LLC increased its holdings in Bloomin’ Brands by 123.1% in the first quarter. Millennium Management LLC now owns 2,299,778 shares of the restaurant operator’s stock valued at $16,489,000 after buying an additional 1,268,988 shares in the last quarter. Geode Capital Management LLC increased its holdings in Bloomin’ Brands by 5.1% in the second quarter. Geode Capital Management LLC now owns 1,937,737 shares of the restaurant operator’s stock valued at $16,685,000 after buying an additional 94,260 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Bloomin’ Brands by 4.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,048,497 shares of the restaurant operator’s stock worth $7,518,000 after acquiring an additional 43,329 shares during the period. Finally, Invesco Ltd. raised its position in shares of Bloomin’ Brands by 8.8% in the second quarter. Invesco Ltd. now owns 1,045,557 shares of the restaurant operator’s stock worth $9,002,000 after acquiring an additional 84,692 shares during the period.

Bloomin’ Brands Stock Down 0.5%

NASDAQ BLMN opened at $5.97 on Tuesday. The business has a fifty day moving average price of $6.89 and a 200 day moving average price of $7.22. The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.38 and a current ratio of 0.45. The company has a market cap of $508.76 million, a P/E ratio of -8.91 and a beta of 1.15. Bloomin’ Brands, Inc. has a one year low of $5.86 and a one year high of $12.91.

Bloomin’ Brands (NASDAQ:BLMN) last released its earnings results on Thursday, November 6th. The restaurant operator reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.09. The business had revenue of $928.81 million during the quarter, compared to analyst estimates of $905.59 million. Bloomin’ Brands had a negative net margin of 1.46% and a positive return on equity of 33.92%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 earnings per share. Bloomin’ Brands has set its FY 2025 guidance at 1.100-1.150 EPS and its Q4 2025 guidance at 0.230-0.280 EPS. Research analysts anticipate that Bloomin’ Brands, Inc. will post 1.8 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Eric C. Christel purchased 150,000 shares of the stock in a transaction dated Monday, November 10th. The shares were purchased at an average price of $6.38 per share, with a total value of $957,000.00. Following the transaction, the executive vice president owned 150,000 shares in the company, valued at $957,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Patrick M. Hafner sold 4,256 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $6.41, for a total transaction of $27,280.96. Following the completion of the sale, the executive vice president directly owned 8,000 shares of the company’s stock, valued at $51,280. This represents a 34.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on BLMN shares. The Goldman Sachs Group upgraded Bloomin’ Brands from a “sell” rating to a “neutral” rating and set a $7.00 price target for the company in a research note on Friday, November 7th. Weiss Ratings reissued a “sell (d)” rating on shares of Bloomin’ Brands in a report on Monday, December 29th. Zacks Research raised Bloomin’ Brands from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. Finally, Loop Capital set a $10.00 price target on shares of Bloomin’ Brands in a research note on Tuesday, December 16th. Seven investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $8.64.

Bloomin’ Brands Company Profile

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.