The stock of Bloomin’ Brands Inc (NASDAQ:BLMN) is a huge mover today! About 1.80M shares traded hands or 38.46% up from the average. Bloomin’ Brands Inc (NASDAQ:BLMN) has risen 8.47% since April 8, 2016 and is uptrending. It has outperformed by 2.82% the S&P500.
The move comes after 6 months positive chart setup for the $2.19B company. It was reported on Nov, 10 by Barchart.com. We have $28.89 PT which if reached, will make NASDAQ:BLMN worth $1.07B more.
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. As per Thursday, November 19, the company rating was downgraded by Goldman Sachs. CL King upgraded the stock to “Strong Buy” rating in Monday, October 12 report. As per Friday, October 30, the company rating was downgraded by OTR Global. On Monday, April 11 the stock rating was upgraded by Credit Suisse to “Outperform”. The stock of Bloomin’ Brands Inc (NASDAQ:BLMN) earned “Market Perform” rating by William Blair on Thursday, February 18. Deutsche Bank maintained the shares of BLMN in a report on Wednesday, November 4 with “Hold” rating. Guggenheim initiated the stock with “Neutral” rating in Friday, September 11 report. The rating was downgraded by Raymond James to “Outperform” on Wednesday, November 4. The rating was downgraded by TheStreet to “Hold” on Friday, October 23.
According to Zacks Investment Research, “Bloomin’ Brands, Inc. is a casual dining restaurant company with a portfolio of differentiated restaurant concepts. It has five concepts: Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, Fleming’s Prime Steakhouse and Wine Bar and Roy’s. The Company offers its products and services through company owned and franchised locations throughout the United States and internationally. Bloomin’ Brands, Inc. is based in Tampa, Florida.”
Insitutional Activity: The institutional sentiment decreased to 0.79 in 2016 Q2. Its down 0.47, from 1.26 in 2016Q1. The ratio worsened, 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.
Nomura Asset Mngmt Limited last reported 4,130 shares in the company. Lucus Advsr Limited Liability Company accumulated 0.28% or 19,154 shares. The Florida-based Camarda Fincl Advsr Ltd has invested 0% in Bloomin’ Brands Inc (NASDAQ:BLMN). Principal Fincl Gp holds 0% or 23,068 shares in its portfolio. Boston Limited Liability Company holds 328,790 shares or 0.15% of its portfolio. Neuberger Berman Limited Liability Co accumulated 0.06% or 2.36 million shares. Advisory Ser Ntwk Ltd Liability accumulated 0% or 193 shares. Parametric Assocs Ltd Limited Liability Company owns 320,881 shares or 0.01% of their US portfolio. Credit Suisse Ag has invested 0.01% of its portfolio in Bloomin’ Brands Inc (NASDAQ:BLMN). Moreover, Teachers has 0.02% invested in Bloomin’ Brands Inc (NASDAQ:BLMN) for 647,647 shares. Moreover, Mcclain Value Mgmt Lc has 3.95% invested in Bloomin’ Brands Inc (NASDAQ:BLMN) for 259,497 shares. Balyasny Asset Limited Liability has 98,700 shares for 0.01% of their US portfolio. Envestnet Asset Mngmt Incorporated accumulated 19,143 shares or 0% of the stock. New York State Teachers Retirement Systems last reported 10,100 shares in the company. Moreover, Regions Finance has 0.03% invested in Bloomin’ Brands Inc (NASDAQ:BLMN) for 110,529 shares.
Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 6 insider sales for $10.50 million net activity. Another trade for 20,023 shares valued at $343,495 was sold by HERLIHY DONAGH. Another trade for 53,850 shares valued at $1.02 million was sold by SULLIVAN CHRIS THOMAS. 287,576 shares with value of $4.93M were sold by SMITH ELIZABETH A on Tuesday, November 1. Scarlett Gregg sold 8,500 shares worth $160,565.
More news for Bloomin’ Brands Inc (NASDAQ:BLMN) were recently published by: Prnewswire.com, which released: “Bloomin’ Brands, Inc. to Host Fiscal 2016 Third Quarter Conference Call at 9 …” on October 13, 2016. Prnewswire.com‘s article titled: “Bloomin’ Brands Announces 2016 Q3 Diluted EPS of $0.18 and Adjusted Diluted …” and published on October 28, 2016 is yet another important article.
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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