SG Americas Securities LLC grew its stake in Bloomin’ Brands Inc (NASDAQ:BLMN) by 44.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,287 shares of the restaurant operator’s stock after buying an additional 5,328 shares during the quarter. SG Americas Securities LLC’s holdings in Bloomin’ Brands were worth $347,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. GSA Capital Partners LLP purchased a new stake in shares of Bloomin’ Brands during the first quarter worth about $2,231,000. Royal Bank of Canada grew its position in shares of Bloomin’ Brands by 48.3% during the first quarter. Royal Bank of Canada now owns 8,274 shares of the restaurant operator’s stock worth $201,000 after purchasing an additional 2,693 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Bloomin’ Brands by 33.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 112,760 shares of the restaurant operator’s stock worth $2,738,000 after purchasing an additional 28,546 shares in the last quarter. Reinhart Partners Inc. grew its position in shares of Bloomin’ Brands by 5.2% during the second quarter. Reinhart Partners Inc. now owns 151,620 shares of the restaurant operator’s stock worth $3,048,000 after purchasing an additional 7,530 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Bloomin’ Brands by 8.6% during the first quarter. Principal Financial Group Inc. now owns 71,656 shares of the restaurant operator’s stock worth $1,740,000 after purchasing an additional 5,690 shares in the last quarter. Institutional investors and hedge funds own 97.27% of the company’s stock.
Several analysts recently issued reports on BLMN shares. BidaskClub upgraded Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, June 19th. ValuEngine cut Bloomin’ Brands from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Zacks Investment Research cut Bloomin’ Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. Raymond James upgraded Bloomin’ Brands from a “market perform” rating to an “outperform” rating and set a $25.00 target price for the company in a research report on Tuesday, July 17th. Finally, Barclays increased their target price on Bloomin’ Brands from $28.00 to $29.00 and gave the stock a “$21.25” rating in a research report on Wednesday, July 18th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $23.33.
NASDAQ BLMN opened at $20.13 on Friday. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 1.57 and a beta of 0.34. The company has a debt-to-equity ratio of 12.18, a current ratio of 0.39 and a quick ratio of 0.32. Bloomin’ Brands Inc has a 1-year low of $16.30 and a 1-year high of $25.00.
Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings results on Monday, July 30th. The restaurant operator reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.08. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Bloomin’ Brands had a return on equity of 215.75% and a net margin of 2.70%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 EPS. research analysts forecast that Bloomin’ Brands Inc will post 1.43 EPS for the current fiscal year.
In other Bloomin’ Brands news, EVP David Peter Schmidt sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $19.17, for a total transaction of $67,095.00. Following the completion of the transaction, the executive vice president now owns 4,828 shares in the company, valued at approximately $92,552.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Elizabeth A. Smith sold 152,587 shares of the firm’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $18.45, for a total value of $2,815,230.15. Following the transaction, the chairman now owns 394,152 shares of the company’s stock, valued at approximately $7,272,104.40. The disclosure for this sale can be found here. Insiders have sold a total of 224,309 shares of company stock valued at $4,391,396 in the last 90 days. 7.47% of the stock is currently owned by company insiders.
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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