How are energy investors positioned?
Patrick M. Hafner, Executive Vice President and President of Outback Steakhouse at Bloomin’ Brands, Inc. (NASDAQ:BLMN), recently sold a significant portion of his holdings in the company. The sale comes as the stock has declined nearly 70% over the past year, currently trading near its 52-week low of $8.00. According to a recent SEC filing, Hafner sold 9,555 shares of Bloomin’ Brands common stock on March 4, 2025. The shares were sold at a weighted-average price of $8.32, resulting in a total transaction value of approximately $79,497. Following this sale, Hafner no longer holds any shares of the company directly. Despite the stock’s recent weakness, InvestingPro analysis indicates the stock is undervalued, with technical indicators suggesting oversold conditions. The company maintains a notable 6.94% dividend yield, offering some compensation for patient investors.For deeper insights into insider trading patterns and 14+ additional ProTips, consider exploring the comprehensive analysis available on InvestingPro.
In other recent news, Bloomin’ Brands Inc. reported its fourth-quarter 2024 earnings, revealing a significant revenue shortfall against market expectations. The company posted revenues of $972 million, falling short of the forecasted $1.09 billion. Earnings per share (EPS) met expectations at $0.38. The company experienced a decrease in U.S. comparable restaurant sales by 1.10%, primarily due to a 5.10% drop in traffic. In response to the earnings announcement, Bloomin’ Brands’ stock saw a significant decline, closing near its 52-week low. The company is shifting its focus from new developments to remodeling existing restaurants, planning to open 18 to 20 new restaurants in the U.S. in 2025. Bloomin’ Brands anticipates adjusted diluted EPS to be between $1.20 and $1.40 for the upcoming year. Additionally, Bloomin’ Brands has provided guidance indicating that U.S. comparable restaurant sales could range from a 2% decrease to flat.
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