Price Don’t Lie: Could Bloomin’ Brands Inc Lose its Strength? The Stock Reaches 52-Week High

Price Don't Lie: Could Bloomin' Brands Inc Lose its Strength? The Stock Reaches 52 Week High

The stock of Bloomin’ Brands Inc (NASDAQ:BLMN) hit a new 52-week high and has $27.23 target or 40.00% above today’s $19.45 share price. The 5 months bullish chart indicates low risk for the $2.15B company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $27.23 price target is reached, the company will be worth $860.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 2.25 million shares traded hands or 65.44% up from the average. Bloomin’ Brands Inc (NASDAQ:BLMN) has risen 9.89% since April 11, 2016 and is uptrending. It has outperformed by 3.75% the S&P500.

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. CL King upgraded the stock to “Strong Buy” rating in Monday, October 12 report. The rating was downgraded by Goldman Sachs to “Buy” on Thursday, November 19. The stock of Bloomin’ Brands Inc (NASDAQ:BLMN) earned “Market Perform” rating by William Blair on Thursday, February 18. Credit Suisse upgraded the shares of BLMN in a report on Monday, April 11 to “Outperform” rating. The rating was downgraded by OTR Global to “Mixed” on Friday, October 30. The firm earned “Neutral” rating on Friday, September 11 by Guggenheim. On Wednesday, November 4 the stock rating was maintained by Deutsche Bank with “Hold”. The rating was downgraded by Raymond James to “Outperform” on Wednesday, November 4. The firm has “Hold” rating given on Friday, October 23 by TheStreet.

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.
Victory Capital holds 4,710 shares or 0% of its portfolio. Citigroup last reported 24,933 shares in the company. Parallax Volatility Advisers Lp owns 460 shares or 0% of their US portfolio. Ameriprise Financial Inc has 425,368 shares for 0% of their US portfolio. The Ontario – Canada-based Td Asset Management has invested 0% in Bloomin’ Brands Inc (NASDAQ:BLMN). Camarda Advsrs Ltd Llc holds 0% of its portfolio in Bloomin’ Brands Inc (NASDAQ:BLMN) for 100 shares. Segall Bryant Hamill Limited Liability last reported 209,249 shares in the company. Barnett & accumulated 20,200 shares or 0.2% of the stock. Moreover, Thompson Davis Incorporated has 0.05% invested in Bloomin’ Brands Inc (NASDAQ:BLMN) for 1,619 shares. Cantab Capital Partners Ltd Liability Partnership reported 21,556 shares or 0% of all its holdings. Highbridge Capital Mngmt Limited Liability Corp last reported 0.16% of its portfolio in the stock. Exane Derivatives last reported 1 shares in the company. Amalgamated Bank & Trust reported 12,030 shares or 0.01% of all its holdings. Morgan Stanley has 0.01% invested in the company for 1.33 million shares. Hudson Bay Capital Mgmt Ltd Partnership has invested 0.01% of its portfolio in Bloomin’ Brands Inc (NASDAQ:BLMN).

Insider Transactions: Since May 24, 2016, the stock had 0 insider purchases, and 6 selling transactions for $10.50 million net activity. 287,576 shares with value of $4.93M were sold by SMITH ELIZABETH A on Tuesday, November 1. 53,850 shares with value of $1.02 million were sold by SULLIVAN CHRIS THOMAS on Thursday, July 28. Scarlett Gregg sold $160,565 worth of Bloomin’ Brands Inc (NASDAQ:BLMN) on Tuesday, May 24. $343,495 worth of Bloomin’ Brands Inc (NASDAQ:BLMN) shares were sold by HERLIHY DONAGH.

More 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 Nasdaq.com published the news titled: “Bloomin’ Brands, Inc. (BLMN) Ex-Dividend Date Scheduled for November 07, 2016” on November 04, 2016. Prnewswire.com‘s news article titled: “Bloomin’ Brands Announces 2016 Q3 Diluted EPS of $0.18 and Adjusted Diluted …” with publication date: October 28, 2016 was also an interesting one.

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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