On March 5, 2025, Mike Spanos, the Chief Executive Officer of Bloomin Brands Inc, purchased 118,000 shares of the company. Following this transaction, the insider now owns a total of 118,000 shares. The purchase was documented in an SEC Filing. Bloomin Brands Inc (BLMN, Financial) is a company that operates several casual dining restaurant chains, including Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse & Wine Bar. The company is known for its diverse menu offerings and commitment to providing a quality dining experience. The insider's recent acquisition is part of a broader trend within the company. Over the past year, there have been four insider buys and one insider sell. This indicates a level of confidence among insiders regarding the company's prospects. On the day of the purchase, shares of Bloomin Brands Inc were trading at $8.63 each, resulting in a market cap of $727.001 million. The stock's GF Value is estimated at $24.55, giving it a price-to-GF-Value ratio of 0.35. This suggests that the stock is considered a "Possible Value Trap, Think Twice" based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated using historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also considers a GuruFocus adjustment factor based on the company's past returns and growth, as well as future estimates of business performance from Morningstar analysts. This insider buying activity by Mike Spanos may be of interest to investors monitoring Bloomin Brands Inc, as it reflects the insider's confidence in the company's future performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
