Bloomin’ Brands, Inc. (NASDAQ:BLMN) Short Interest Update
by Amy Steele · The Cerbat GemBloomin’ Brands, Inc. (NASDAQ:BLMN – Get Free Report) saw a significant decrease in short interest in March. As of March 31st, there was short interest totaling 7,302,053 shares, a decrease of 17.9% from the March 15th total of 8,895,649 shares. Based on an average trading volume of 3,662,561 shares, the short-interest ratio is presently 2.0 days. Currently, 8.7% of the company’s stock are sold short.
Insider Activity at Bloomin’ Brands
In related news, Director Rohit Lal acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were acquired at an average cost of $5.69 per share, with a total value of $56,900.00. Following the transaction, the director owned 30,156 shares of the company’s stock, valued at $171,587.64. The trade was a 49.61% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.18% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Bloomin’ Brands
Several institutional investors have recently made changes to their positions in BLMN. SG Americas Securities LLC grew its stake in Bloomin’ Brands by 6.4% during the first quarter. SG Americas Securities LLC now owns 85,062 shares of the restaurant operator’s stock worth $459,000 after buying an additional 5,148 shares in the last quarter. Hsbc Holdings PLC bought a new stake in shares of Bloomin’ Brands during the 4th quarter worth approximately $72,000. Corient Private Wealth LLC acquired a new stake in shares of Bloomin’ Brands during the 4th quarter worth approximately $2,147,000. Alpine Global Management LLC acquired a new position in Bloomin’ Brands during the fourth quarter valued at approximately $89,000. Finally, Virtu Financial LLC bought a new stake in Bloomin’ Brands during the fourth quarter worth $195,000.
Analyst Ratings Changes
BLMN has been the subject of several analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Bloomin’ Brands in a report on Friday, March 27th. Citigroup upped their price objective on Bloomin’ Brands from $6.75 to $7.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. Eight investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $8.44.
Get Our Latest Research Report on BLMN
Bloomin’ Brands Stock Performance
Shares of NASDAQ BLMN opened at $6.59 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.24 and a debt-to-equity ratio of 2.34. The company has a market capitalization of $562.01 million, a P/E ratio of 65.47, a P/E/G ratio of 2.95 and a beta of 1.12. Bloomin’ Brands has a 12 month low of $5.19 and a 12 month high of $10.70. The stock has a 50 day moving average of $6.04 and a 200-day moving average of $6.64.
Bloomin’ Brands (NASDAQ:BLMN – Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The restaurant operator reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. Bloomin’ Brands had a net margin of 0.21% and a return on equity of 26.26%. The firm had revenue of $975.22 million during the quarter, compared to analysts’ expectations of $980.64 million. During the same period in the previous year, the business posted $0.38 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. Bloomin’ Brands has set its Q1 2026 guidance at 0.570-0.620 EPS and its FY 2026 guidance at 0.750-0.900 EPS. As a group, equities research analysts predict that Bloomin’ Brands will post 1.8 EPS for the current year.
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.