New insider activity at Bloomin’ Brands ( (BLMN) ) has taken place on March 7, 2025.
Director Mike Spanos has made a significant investment by purchasing 118,000 shares of Bloomin’ Brands stock, valued at $1,018,340. In contrast, EVP and President of Outback Steakhouse, Patrick M Hafner, has decided to sell 9,555 shares, amounting to $79,497.
Recent Updates on BLMN stock
Recent developments for Bloomin’ Brands have seen its stock rise by 4% following CEO Mike Spanos’ purchase of 118,000 shares. However, the company faces challenges as both BMO Capital and Barclays lowered their price targets due to mixed Q4 earnings results and below-consensus guidance for 2025. BMO Capital noted that while Q4 EPS exceeded expectations due to favorable tax conditions, softer comparable sales and reduced restaurant margins were concerning. Additionally, Bloomin’ Brands introduced guidance that was below consensus and adjusted its dividend following a refranchising deal in Brazil. Barclays highlighted that while Q4 results were in line, Q1 guidance fell short of market expectations. The company is implementing strategic initiatives such as menu simplification, technology investments, and organizational restructuring to address these challenges, but continues to face pressures from inflation and underperformance in key industry metrics.
More about Bloomin’ Brands
YTD Price Performance: -27.68%
Average Trading Volume: 2,123,419
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $699.8M
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