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Lal Rohit, a director at Bloomin’ Brands, Inc. (NASDAQ:BLMN), has recently acquired 10,000 shares of the company’s common stock. The transaction, which took place on February 28, 2025, was executed at a price of $9.62 per share, amounting to a total purchase value of $96,199. The stock has since declined to $8.24, trading near its 52-week low of $8.43. According to InvestingPro analysis, the stock appears undervalued at current levels. Following this acquisition, Rohit now owns a total of 14,018 shares directly. Bloomin’ Brands, known for its portfolio of restaurant brands and its attractive 7.11% dividend yield, continues to be a point of interest for investors tracking insider trading activities. InvestingPro subscribers can access 16 additional investment tips and comprehensive insider trading analysis for BLMN, along with detailed Fair Value calculations.
In other recent news, Bloomin’ Brands Inc. reported its fourth-quarter 2024 earnings, revealing a revenue of $972 million, which fell short of the forecasted $1.09 billion. Despite this revenue miss, the company’s earnings per share met expectations at $0.38. 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%. In terms of company strategy, Bloomin’ Brands is shifting its focus from new developments to remodeling existing restaurants. Additionally, the company plans to open 18 to 20 new restaurants in the U.S. in 2025. Bloomin’ Brands has also made a strategic move by refranchising its Brazil operations, retaining a 33% ownership. Analysts have noted the company’s recent performance, with firms like Jefferies and Barclays (LON:BARC) engaging in discussions about the company’s strategic initiatives and future outlook.
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