Two Sigma Advisers LP decreased its stake in Bloomin’ Brands Inc (NASDAQ:BLMN) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 404,391 shares of the restaurant operator’s stock after selling 7,447 shares during the quarter. Two Sigma Advisers LP owned 0.44% of Bloomin’ Brands worth $7,235,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in BLMN. Morgan Stanley lifted its holdings in Bloomin’ Brands by 5.2% during the 3rd quarter. Morgan Stanley now owns 893,717 shares of the restaurant operator’s stock worth $17,686,000 after purchasing an additional 44,552 shares during the last quarter. Vanguard Group Inc raised its holdings in Bloomin’ Brands by 3.6% in the 3rd quarter. Vanguard Group Inc now owns 11,808,062 shares of the restaurant operator’s stock valued at $233,681,000 after acquiring an additional 404,855 shares in the last quarter. Tyvor Capital LLC raised its holdings in Bloomin’ Brands by 159.6% in the 3rd quarter. Tyvor Capital LLC now owns 1,555,536 shares of the restaurant operator’s stock valued at $30,784,000 after acquiring an additional 956,233 shares in the last quarter. Cerebellum GP LLC raised its holdings in Bloomin’ Brands by 49.7% in the 4th quarter. Cerebellum GP LLC now owns 14,376 shares of the restaurant operator’s stock valued at $257,000 after acquiring an additional 4,771 shares in the last quarter. Finally, Barclays PLC raised its holdings in Bloomin’ Brands by 16.9% in the 4th quarter. Barclays PLC now owns 162,361 shares of the restaurant operator’s stock valued at $2,905,000 after acquiring an additional 23,413 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.
BLMN has been the topic of a number of research reports. Bank of America lowered Bloomin’ Brands from a “neutral” rating to an “underperform” rating and set a $17.00 price objective on the stock. in a research report on Friday, February 8th. BidaskClub lowered Bloomin’ Brands from a “buy” rating to a “hold” rating in a research report on Saturday, January 19th. William Blair upgraded Bloomin’ Brands from a “market perform” rating to an “outperform” rating in a research report on Friday, February 15th. JPMorgan Chase & Co. upgraded Bloomin’ Brands from a “neutral” rating to an “overweight” rating and set a $23.00 price objective on the stock in a research report on Tuesday, January 8th. Finally, Zacks Investment Research upgraded Bloomin’ Brands from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Tuesday, March 26th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. Bloomin’ Brands has a consensus rating of “Hold” and an average price target of $21.67.
Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings results on Thursday, February 14th. The restaurant operator reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1 billion. Bloomin’ Brands had a return on equity of 178.97% and a net margin of 2.60%. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.18 EPS. Analysts anticipate that Bloomin’ Brands Inc will post 1.56 EPS for the current year.
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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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