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Julie T. Kunkel, a director at Bloomin’ Brands, Inc. (NASDAQ:BLMN), recently purchased 1,500 shares of the company’s common stock. The transaction, which took place on February 28, 2025, was executed at a price of $9.94 per share, amounting to a total value of $14,910. The purchase comes as the stock trades near its 52-week low of $8.43, having declined nearly 69% over the past year. InvestingPro analysis indicates the stock is currently undervalued, with a notable dividend yield of 7.11%. Following this acquisition, Kunkel holds a total of 3,565.4826 shares indirectly through an IRA, as well as 10,650 shares directly. For deeper insights into BLMN’s valuation and 16 additional key investment tips, check out the comprehensive research available on InvestingPro.
In other recent news, Bloomin’ Brands Inc. reported its fourth-quarter 2024 earnings, highlighting a notable revenue shortfall against market expectations. The company posted revenues of $972 million, missing the forecasted $1.09 billion by $118 million. Earnings per share (EPS) met expectations at $0.38. Despite this, the company experienced an 8% decline in total revenues compared to the same period in 2023, with U.S. comparable restaurant sales decreasing by 1.10%. The company is shifting focus from new developments to remodeling existing restaurants, which may impact future capital expenditures. Additionally, Bloomin’ Brands plans to open 18 to 20 new restaurants in the U.S. in 2025. The company anticipates adjusted diluted EPS to be between $1.20 and $1.40 for the upcoming year. CEO Mike Spanos acknowledged the company’s underperformance and expressed confidence in turning the business around, emphasizing a focus on improving operations and guest experience.
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