Acadian Asset Management LLC acquired a new position in shares of Bloomin' Brands during the third quarter valued at $414,000. New York State Teachers Retirement System now owns 10,100 shares of the restaurant operator's stock worth $182,000 after buying an additional 300 shares during the last quarter. Strs Ohio increased its stake in Bloomin' Brands by 34.3% in the third quarter. Envestnet Asset Management Inc. boosted its stake in Bloomin' Brands by 7.0% in the fourth quarter. Finally, Lazard Asset Management LLC increased its stake in Bloomin' Brands by 24.6% in the third quarter. Leading up to this report, we have seen a 2.96% rise in the stock price over the last 30 days and a 18.37% increase over the past 3 months. Howland Capital Ltd Co stated it has 0.03% in Verastem Inc (NASDAQ:VSTM). Penn Capital Management Co. Inc. now owns 80,413 shares of the restaurant operator's stock worth $1,386,000 after buying an additional 2,068 shares during the last quarter.
Bloomin' Brands Inc (NASDAQ:BLMN) traded up 0.46% on Friday, reaching $19.78. Insiders own 6.68% of the company's stock. The firm has a 50 day moving average of $18.85 and a 200 day moving average of $18.13. The stock has traded between $15.82 and $20.83 over the past 52 weeks.
Beta is also an important valuation ratio for analyzing the stock of the company, BLMN has Beta of 0.77 while its industry and Sector's beta remains at 0.5 and 1.31 respectively. Guggenheim initiated Bloomin' Brands Inc (NASDAQ:BLMN) on Friday, September 11 with "Neutral" rating. For the outlook of the current financial quarter, Analysts think the firm will post 0.52 earnings per share. Revenue for the quarter came in at $1.14 billion, compared to $1.16 billion previous year and ahead of the $1.13 billion Capital IQ consensus. The company's quarterly revenue was down 4.3% compared to the same quarter past year. During the same quarter in the prior year, the firm earned $0.47 EPS. On average, equities research analysts anticipate that Bloomin' Brands Inc will post $1.40 earnings per share for the current year.
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COPYRIGHT VIOLATION WARNING: This article was reported by Markets Daily and is the sole property of of Markets Daily. The correct version of this report can be viewed at https://sportsperspectives.com/2017/04/24/bloomin-brands-blmn-receiving-favorable-press-coverage-study-shows-updated.html. The most recent short interest data show 8.91% of the company's stock are short sold. Bloomin' Brands now has a consensus rating of "Hold" and an average target price of $19.71.
Brokerage houses, on average, are recommending investors to hold Bloomin' Brands, Inc. The company has PEG ratio of 4.86 and price to cash ratio of 15.65. Zacks Investment Research upgraded shares of Bloomin' Brands from a "strong sell" rating to a "hold" rating in a research note on Wednesday, December 28th. Finally, OTR Global downgraded Bloomin' Brands to a "neutral" rating in a research report on Friday, February 3rd. With 1.45M avg volume, 6 days are for Bloomin Brands Incorporated (NASDAQ:BLMN)'s short sellers to cover BLMN's short positions. If the average volume is low then the liquidity is low which means it is hard to buy or sell the stock as there are fewer buyers or sellers of the stock. Over the last five trading sessions, the stock has moved 3.23%. Vanguard Group Inc is the second biggest holder with 11 million shares now valued at 194.52 million whilst Wellington Management Company LLP has 6 million shares valued at 110.28 million. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Connable Office invested 0.16% in Bloomin' Brands Inc (NASDAQ:BLMN). The Company owns and operates casual, upscale casual and fine dining restaurants. The Firm operates through two divisions: US and global. The U.S. segment includes all brands operating in the United States. The International segment includes brands operating outside the United States.
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