Bloomin’ Brands CEO Mike Spanos buys $501,999 in stock

Bloomin' Brands CEO Mike Spanos increased his stake in the company by purchasing 50,000 shares of Bloomin' Brands common stock on November 11, 2026. The transaction, valued at approximately $501,999, occurred at an average weighted price of $10.04 per share, with individual purchases ranging between $9.70 and $10.25 per share. As a result, Mr. Spanos now holds 293,061 shares of the company's stock.

Bloomin' Brands shares have experienced a significant surge, trading at $10.12, marking a 64% increase year-to-date and a 56% growth over the past year. According to InvestingPro analysis, the stock appears undervalued at its current price, with a Fair Value of $11.70. The company's market capitalization stands at $877 million, and it trades at a modest P/E ratio of 11.98.

Investors can delve deeper into Bloomin' Brands' valuation and performance through the Pro Research Report, which includes additional InvestingPro Tips and comprehensive financial metrics. In related news, the company reported its Q3 2026 financial results, exceeding market expectations with an adjusted earnings per share (EPS) loss of $0.17, narrower than the anticipated loss of $0.23.

Revenue for the quarter reached $926.98 million, slightly surpassing the forecast of $925.6 million. Despite challenges such as negative traffic and margin pressure, Bloomin' Brands has raised its full-year adjusted EPS outlook. The stock's stable premarket trading suggests a neutral reaction from investors to these developments, highlighting the company's resilience in a challenging market.