Y Intercept Hong Kong Ltd Buys 142,870 Shares of Bloomin’ Brands, Inc. $BLMN

Y Intercept Hong Kong Ltd increased its stake in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 121.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 260,905 shares of the restaurant operator’s stock after buying an additional 142,870 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Bloomin’ Brands were worth $1,871,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of BLMN. Royal Bank of Canada raised its position in shares of Bloomin’ Brands by 50.4% in the 1st quarter. Royal Bank of Canada now owns 333,693 shares of the restaurant operator’s stock worth $2,393,000 after acquiring an additional 111,801 shares in the last quarter. AQR Capital Management LLC grew its stake in Bloomin’ Brands by 156.1% in the first quarter. AQR Capital Management LLC now owns 591,373 shares of the restaurant operator’s stock worth $4,240,000 after purchasing an additional 360,450 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Bloomin’ Brands by 6.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,395 shares of the restaurant operator’s stock worth $333,000 after purchasing an additional 2,622 shares in the last quarter. Millennium Management LLC lifted its position in Bloomin’ Brands by 123.1% during 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 during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Bloomin’ Brands by 4.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,048,497 shares of the restaurant operator’s stock valued at $7,518,000 after buying an additional 43,329 shares in the last quarter.

Insider Buying and Selling at Bloomin’ Brands

In other Bloomin’ Brands news, 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 transaction, the executive vice president owned 8,000 shares in the company, valued at approximately $51,280. This represents a 34.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Eric C. Christel purchased 150,000 shares of Bloomin’ Brands 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 purchase, the executive vice president directly owned 150,000 shares of the company’s stock, valued at approximately $957,000. This trade represents a ? increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 3.00% of the company’s stock.

Bloomin’ Brands Price Performance

Shares of BLMN opened at $6.16 on Friday. The company has a market capitalization of $524.96 million, a P/E ratio of -9.19 and a beta of 1.13. The company has a quick ratio of 0.38, a current ratio of 0.45 and a debt-to-equity ratio of 2.77. The firm has a 50 day moving average of $6.90 and a 200 day moving average of $7.30. Bloomin’ Brands, Inc. has a twelve month low of $5.90 and a twelve month high of $12.97.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings data 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. The business had revenue of $928.81 million for the quarter, compared to analysts’ expectations of $905.59 million. Bloomin’ Brands had a positive return on equity of 33.92% and a negative net margin of 1.46%.The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.21 EPS. 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. As a group, equities research analysts anticipate that Bloomin’ Brands, Inc. will post 1.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Bloomin’ Brands 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.