Bloomin’ Brands, Inc. (NASDAQ:BLMN) is expected to pay $0.07 on Nov 22, 2016. The indicated annual dividend is $0.28. Shareholders owning the stock before Nov 7, 2016 will be eligible to receive the payout. Based on Bloomin’ Brands, Inc.’s current price of $16.91, the dividend is 0.41%. This dividend’s record date is Nov 9, 2016 and the announcement date is Oct 28, 2016. The stock increased 0.71% or $0.12 on November 4, hitting $16.91. About 1.42M shares traded hands or 16.39% up from the average. Bloomin’ Brands Inc (NASDAQ:BLMN) has risen 0.18% since April 5, 2016 and is uptrending. It has underperformed by 1.78% the S&P500.
Bloomin’ Brands, Inc. is a holding firm engaged in operating casual dining restaurants. The company has a market cap of $1.87 billion. The Firm has a portfolio of four restaurant concepts: Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse & Wine Bar. It has a 31.7 P/E ratio. The Firm owns and operates approximately 1,340 restaurants and franchises over 170 restaurants across approximately 50 states, Puerto Rico, Guam and approximately 20 countries.
Insitutional Activity: The institutional sentiment decreased to 0.79 in Q2 2016. Its down 0.47, from 1.26 in 2016Q1. The ratio fall, as 25 funds sold all Bloomin’ Brands Inc shares owned while 84 reduced positions. 28 funds bought stakes while 58 increased positions. They now own 102.39 million shares or 4.62% less from 107.35 million shares in 2016Q1.
Gsa Prtnrs Limited Liability Partnership accumulated 16,158 shares or 0.02% of the stock. Rhumbline Advisers accumulated 113,752 shares or 0.01% of the stock. Moreover, Tower Ltd Company (Trc) has 0% invested in Bloomin’ Brands Inc (NASDAQ:BLMN) for 1,963 shares. Cipher Capital Lp owns 157,653 shares or 0.2% of their US portfolio. Nomura Asset Management Com Limited has 4,130 shares for 0% of their US portfolio. Moreover, Martingale Asset Management Lp has 0.02% invested in Bloomin’ Brands Inc (NASDAQ:BLMN) for 54,060 shares. Moreover, Northern Trust has 0.01% invested in Bloomin’ Brands Inc (NASDAQ:BLMN) for 1.61M shares. Morgan Stanley, a New York-based fund reported 1.33 million shares. Thompson Siegel And Walmsley Ltd Limited Liability Company has invested 0.19% of its portfolio in Bloomin’ Brands Inc (NASDAQ:BLMN). Engineers Gate Manager Limited Partnership has invested 0.03% of its portfolio in Bloomin’ Brands Inc (NASDAQ:BLMN). Barclays Public Ltd Limited Liability Company reported 6,141 shares or 0% of all its holdings. New York State Common Retirement Fund owns 815,203 shares or 0.02% of their US portfolio. Blackrock Mngmt Ltd last reported 424,077 shares in the company. Strs Ohio has 1.11 million shares for 0.09% of their US portfolio. The France-based Exane Derivatives has invested 0% in Bloomin’ Brands Inc (NASDAQ:BLMN).
Insider Transactions: Since May 10, 2016, the stock had 0 buys, and 6 insider sales for $10.50 million net activity. 287,576 shares were sold by SMITH ELIZABETH A, worth $4.93 million. Shares for $2.59M were sold by SULLIVAN CHRIS THOMAS on Tuesday, May 10. HERLIHY DONAGH sold $343,495 worth of stock or 20,023 shares. Scarlett Gregg had sold 8,500 shares worth $160,565 on Tuesday, May 24.
Bloomin’ Brands Inc (NASDAQ:BLMN) Ratings Coverage
Out of 10 analysts covering Bloomin’ Brands (NASDAQ:BLMN), 5 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 50% are positive. Bloomin’ Brands has been the topic of 15 analyst reports since September 11, 2015 according to StockzIntelligence Inc. The rating was downgraded by Goldman Sachs to “Buy” on Thursday, November 19. The company was downgraded on Friday, October 23 by TheStreet. The rating was downgraded by OTR Global on Friday, October 30 to “Mixed”. The rating was maintained by Deutsche Bank with “Hold” on Wednesday, November 4. The stock of Bloomin’ Brands Inc (NASDAQ:BLMN) has “Neutral” rating given on Friday, September 11 by Guggenheim. The stock of Bloomin’ Brands Inc (NASDAQ:BLMN) has “Outperform” rating given on Monday, April 11 by Credit Suisse. CL King upgraded the stock to “Strong Buy” rating in Monday, October 12 report. The stock has “Outperform” rating given by Raymond James on Wednesday, November 4. William Blair downgraded the stock to “Market Perform” rating in Thursday, February 18 report.
More important recent Bloomin’ Brands Inc (NASDAQ:BLMN) news were published by: Prnewswire.com which released: “Bloomin’ Brands, Inc. to Host Fiscal 2016 Third Quarter Conference Call at 9 …” on October 13, 2016, also Prnewswire.com published article titled: “Bloomin’ Brands Announces 2016 Q3 Diluted EPS of $0.18 and Adjusted Diluted …”, Prnewswire.com published: “Bloomin’ Brands, Inc. Signs Middle East Expansion Agreements” on July 05, 2016. More interesting news about Bloomin’ Brands Inc (NASDAQ:BLMN) was released by: Streetinsider.com and their article: “Form 4 Bloomin’ Brands, Inc. For: Nov 01 Filed by: SMITH ELIZABETH A” with publication date: November 04, 2016.
BLMN Company Profile
Bloomin’ Brands, Inc. (Bloomin’ Brands), incorporated on October 24, 2006, is a holding firm engaged in operating casual dining restaurants. The Firm has a portfolio of four restaurant concepts: Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse & Wine Bar. The Firm owns and operates approximately 1,340 restaurants and franchises over 170 restaurants across approximately 50 states, Puerto Rico, Guam and approximately 20 countries. The Firm operates through two divisions: U.S. and International. The U.S. segment includes all brands operating in the United States, and brands operating outside the United States are included in the International segment. OSI Restaurant Partners, LLC (OSI) is its primary operating entity. New Private Restaurant Properties, LLC (PRP), a subsidiary of Bloomin’ Brands, leases the Company’s owned restaurant properties primarily to OSI subsidiaries.
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