Bloomin Brands Inc (NASDAQ:BLMN) Move as Institutional Investors’ Sentiment Improved

Sentiment for Bloomin Brands Inc (NASDAQ:BLMN)

Bloomin Brands Inc (NASDAQ:BLMN) institutional sentiment increased to 1.34 in Q2 2018. Its up 0.39, from 0.95 in 2018Q1. The ratio has increased, as 118 investment managers opened new or increased stock positions, while 88 sold and trimmed stock positions in Bloomin Brands Inc. The investment managers in our partner’s database now hold: 82.41 million shares, down from 83.62 million shares in 2018Q1. Also, the number of investment managers holding Bloomin Brands Inc in their top 10 stock positions decreased from 3 to 0 for a decrease of 3. Sold All: 31 Reduced: 57 Increased: 76 New Position: 42.

BloominÂ’ Brands, Inc., through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants primarily in the United States and internationally. The company has market cap of $1.74 billion. The firm operates through two divisions, U.S. and International. It has a 16.59 P/E ratio. The Company’s restaurant portfolio has four concepts: Outback Steakhouse, a casual steakhouse restaurant; CarrabbaÂ’s Italian Grill, a casual Italian restaurant; Bonefish Grill, an upscale casual seafood restaurant; and FlemingÂ’s Prime Steakhouse & Wine Bar, a contemporary steakhouse.

The stock decreased 1.66% or $0.32 during the last trading session, reaching $18.93. About 561,445 shares traded. Bloomin' Brands, Inc. (NASDAQ:BLMN) has risen 7.71% since December 6, 2017 and is uptrending. It has underperformed by 7.91% the S&P500.

Analysts await Bloomin' Brands, Inc. (NASDAQ:BLMN) to report earnings on February, 28. They expect $0.26 EPS, down 36.59 % or $0.15 from last year’s $0.41 per share. BLMN’s profit will be $23.90 million for 18.20 P/E if the $0.26 EPS becomes a reality. After $0.10 actual EPS reported by Bloomin' Brands, Inc. for the previous quarter, Wall Street now forecasts 160.00 % EPS growth.

Kestrel Investment Management Corp holds 3.06% of its portfolio in Bloomin' Brands, Inc. for 417,125 shares. Tyvor Capital Llc owns 599,303 shares or 2.34% of their US portfolio. Moreover, Parametrica Management Ltd has 1.38% invested in the company for 14,462 shares. The New York-based Spark Investment Management Llc has invested 0.72% in the stock. Secor Capital Advisors Lp, a New York-based fund reported 381,614 shares.

Since January 1, 0001, it had 0 insider purchases, and 7 insider sales for $15.89 million activity.

Bloomin' Brands, Inc. (NASDAQ:BLMN) Ratings Coverage

Ratings analysis reveals 43% of Bloomin Brands’s analysts are positive. Out of 7 Wall Street analysts rating Bloomin Brands, 3 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $18 while the high is $29. The stock’s average target of $21.83 is 15.32% above today’s ($18.93) share price. BLMN was included in 8 notes of analysts from July 17, 2018. On Monday, September 24 the stock rating was downgraded by BMO Capital Markets to “Market Perform”. The stock of Bloomin' Brands, Inc. (NASDAQ:BLMN) has “Overweight” rating given on Wednesday, July 18 by Barclays Capital. As per Tuesday, July 17, the company rating was upgraded by Raymond James. The rating was maintained by Barclays Capital with “Overweight” on Thursday, November 29. The rating was maintained by Bank of America with “Neutral” on Tuesday, July 31. Goldman Sachs upgraded it to “Neutral” rating and $18 target in Tuesday, September 11 report. The rating was maintained by Wells Fargo on Tuesday, July 31 with “Market Perform”.

More notable recent Bloomin' Brands, Inc. (NASDAQ:BLMN) news were published by: Nasdaq.com which released: “Peek Under The Hood: FTLB Has 10% Upside – Nasdaq” on November 27, 2018, also Bizjournals.com with their article: “Bowl restaurant concept outlines Central Florida growth plans (PHOTOS) – Orlando Business Journal” published on August 27, 2018, Seekingalpha.com published: “Bloomin’ Brands (BLMN) Q1 2018 Results – Earnings Call Transcript – Seeking Alpha” on April 26, 2018. More interesting news about Bloomin' Brands, Inc. (NASDAQ:BLMN) were released by: Benzinga.com and their article: “Earnings Scheduled For July 30, 2018 – Benzinga” published on July 30, 2018 as well as Benzinga.com‘s news article titled: “Autodesk, Inc. (NASDAQ:ADSK), Bloomin’ Brands, Inc. (NASDAQ:BLMN) – Jana Partners Q4 Letter Details New Stakes, Success Of Activist Positions – Benzinga” with publication date: January 25, 2018.

Bloomin' Brands, Inc. (NASDAQ:BLMN) Institutional Positions Chart

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