Cerebellum GP LLC increased its position in Bloomin’ Brands Inc (NASDAQ:BLMN) by 49.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,376 shares of the restaurant operator’s stock after buying an additional 4,771 shares during the quarter. Cerebellum GP LLC’s holdings in Bloomin’ Brands were worth $257,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in BLMN. Point72 Hong Kong Ltd acquired a new stake in shares of Bloomin’ Brands in the second quarter valued at $149,000. Jefferies Group LLC acquired a new stake in shares of Bloomin’ Brands in the third quarter valued at $199,000. Commonwealth Bank of Australia acquired a new stake in shares of Bloomin’ Brands in the third quarter valued at $298,000. SG Americas Securities LLC lifted its holdings in shares of Bloomin’ Brands by 44.6% in the second quarter. SG Americas Securities LLC now owns 17,287 shares of the restaurant operator’s stock valued at $347,000 after buying an additional 5,328 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Bloomin’ Brands in the second quarter valued at $394,000. Institutional investors and hedge funds own 95.57% of the company’s stock.
Several analysts have recently weighed in on the company. BidaskClub upgraded Bloomin’ Brands from a “hold” rating to a “buy” rating in a report on Tuesday, November 6th. Barclays cut their price objective on Bloomin’ Brands from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Thursday, November 29th. TheStreet lowered Bloomin’ Brands from a “b-” rating to a “c+” rating in a report on Monday, October 29th. BMO Capital Markets lowered Bloomin’ Brands from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $28.00 to $21.00 in a report on Monday, September 24th. Finally, Gordon Haskett assumed coverage on Bloomin’ Brands in a report on Thursday, October 18th. They set a “buy” rating and a $23.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $22.22.
Shares of NASDAQ BLMN opened at $19.69 on Friday. Bloomin’ Brands Inc has a 12 month low of $17.08 and a 12 month high of $25.00. The firm has a market cap of $1.82 billion, a PE ratio of 14.48, a P/E/G ratio of 1.36 and a beta of 0.35. The company has a debt-to-equity ratio of 18.69, a current ratio of 0.37 and a quick ratio of 0.29.
Bloomin’ Brands (NASDAQ:BLMN) last announced its earnings results on Monday, October 29th. The restaurant operator reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. Bloomin’ Brands had a return on equity of 196.28% and a net margin of 2.68%. The business had revenue of $965.00 million during the quarter, compared to the consensus estimate of $965.17 million. During the same period in the prior year, the business posted $0.14 earnings per share. Bloomin’ Brands’s revenue was up 1.0% compared to the same quarter last year. On average, research analysts anticipate that Bloomin’ Brands Inc will post 1.46 earnings per share for the current fiscal year.
In other news, Director Mindy F. Grossman sold 8,000 shares of the company’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $20.96, for a total transaction of $167,680.00. Following the completion of the sale, the director now directly owns 9,790 shares of the company’s stock, valued at $205,198.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 7.47% of the company’s stock.
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About Bloomin’ Brands
Bloomin' Brands, Inc, through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. The company operates through two segments, U.S. and International. Its restaurant portfolio has four concepts, including Outback Steakhouse, a casual steakhouse restaurant; Carrabba's Italian Grill, a casual Italian restaurant; Bonefish Grill, an upscale casual seafood restaurant; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.
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