EMC Capital Management Purchases 15,826 Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN)

EMC Capital Management boosted its position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 527,533.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,829 shares of the restaurant operator’s stock after purchasing an additional 15,826 shares during the quarter. EMC Capital Management’s holdings in Bloomin’ Brands were worth $193,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Gladius Capital Management LP acquired a new stake in shares of Bloomin’ Brands during the 3rd quarter worth approximately $26,000. KBC Group NV boosted its stake in Bloomin’ Brands by 79.1% in the third quarter. KBC Group NV now owns 3,371 shares of the restaurant operator’s stock valued at $56,000 after acquiring an additional 1,489 shares during the last quarter. GAMMA Investing LLC grew its holdings in Bloomin’ Brands by 606.6% during the 4th quarter. GAMMA Investing LLC now owns 4,890 shares of the restaurant operator’s stock worth $60,000 after acquiring an additional 4,198 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Bloomin’ Brands during the 2nd quarter valued at $111,000. Finally, Olympiad Research LP acquired a new position in shares of Bloomin’ Brands in the 3rd quarter valued at $202,000.

Analyst Ratings Changes

A number of research firms recently commented on BLMN. Piper Sandler dropped their price objective on Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, November 11th. The Goldman Sachs Group initiated coverage on Bloomin’ Brands in a research report on Thursday, December 5th. They set a “sell” rating and a $13.00 target price for the company. Raymond James downgraded shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. Barclays restated an “equal weight” rating and set a $13.00 price objective (down previously from $19.00) on shares of Bloomin’ Brands in a report on Tuesday, January 7th. Finally, Bank of America lowered shares of Bloomin’ Brands from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $18.00 to $13.00 in a report on Monday. Three investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $16.30.

Bloomin’ Brands Stock Up 1.5 %

Bloomin’ Brands stock opened at $12.89 on Friday. The company has a 50 day moving average of $12.42 and a 200-day moving average of $15.28. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 4.46. Bloomin’ Brands, Inc. has a twelve month low of $11.03 and a twelve month high of $30.13. The stock has a market capitalization of $1.09 billion, a PE ratio of -117.17 and a beta of 1.97.

Bloomin’ Brands (NASDAQ:BLMN) last announced its earnings results on Friday, November 8th. The restaurant operator reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. Bloomin’ Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the business earned $0.44 EPS. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. On average, equities research analysts anticipate that Bloomin’ Brands, Inc. will post 1.8 EPS for the current fiscal year.

Bloomin’ Brands Company Profile

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; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.