Important Short Interest Filing: Could Bloomin Brands Incorporated (NASDAQ:BLMN) Skyrocket? The Stock Has Too Many Sellers

November 25, 2016 - By Nellie Frank   ·   0 Comments

Important Short Interest Filing: Could Bloomin Brands Incorporated (NASDAQ:BLMN) Skyrocket? The Stock Has Too Many Sellers

The stock of Bloomin Brands Incorporated (NASDAQ:BLMN) registered an increase of 0.56% in short interest. BLMN’s total short interest was 5.26M shares in November as published by FINRA. Its up 0.56% from 5.23 million shares, reported previously. With 1.43M shares average volume, it will take short sellers 4 days to cover their BLMN’s short positions. The short interest to Bloomin Brands Incorporated’s float is 5.03%. The stock decreased 0.46% or $0.09 during the last trading session, hitting $19.66. About 477,713 shares traded hands. Bloomin’ Brands Inc (NASDAQ:BLMN) has risen 12.54% since April 22, 2016 and is uptrending. It has outperformed by 7.13% the S&P500.

Bloomin’ Brands, Inc. is a holding firm engaged in operating casual dining restaurants. The company has a market cap of $2.10 billion. The Firm has a portfolio of four restaurant concepts: Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse & Wine Bar. It has a 36.86 P/E ratio. The Firm owns and operates approximately 1,340 restaurants and franchises over 170 restaurants across approximately 50 states, Puerto Rico, Guam and approximately 20 countries.

Insitutional Activity: The institutional sentiment increased to 0.82 in 2016 Q2. Its up 0.03, from 0.79 in 2016Q1. The ratio is positive, as 25 funds sold all Bloomin’ Brands Inc shares owned while 84 reduced positions. 28 funds bought stakes while 58 increased positions. They now own 102.39 million shares or 4.62% less from 107.35 million shares in 2016Q1.
Connable Office owns 14,980 shares or 0.07% of their US portfolio. Bnp Paribas Arbitrage holds 0% of its portfolio in Bloomin’ Brands Inc (NASDAQ:BLMN) for 20,079 shares. Numeric Investors Ltd has invested 0.01% of its portfolio in Bloomin’ Brands Inc (NASDAQ:BLMN). Fmr Limited Liability Company holds 55,000 shares or 0% of its portfolio. Blackrock Japan Communication Ltd holds 0% or 6,702 shares in its portfolio. Trexquant Investment Lp reported 17,185 shares or 0.04% of all its holdings. State Board Of Administration Of Florida Retirement Sys has 0% invested in the company for 23,093 shares. Amer Century Companies Inc holds 2.10 million shares or 0.04% of its portfolio. Envestnet Asset Mngmt has 0% invested in the company for 19,143 shares. Springbok Management Ltd Liability Corporation owns 10,600 shares or 0.03% of their US portfolio. Convergence Inv Ltd Liability Corp last reported 0.05% of its portfolio in the stock. Federated Investors Pa accumulated 0% or 3,289 shares. The New York-based Goldman Sachs Gru Inc Inc has invested 0.01% in Bloomin’ Brands Inc (NASDAQ:BLMN). Nomura Asset Management last reported 4,130 shares in the company. Cipher L P accumulated 157,653 shares or 0.2% of the stock.

Insider Transactions: Since July 25, 2016, the stock had 0 insider purchases, and 5 insider sales for $10.34 million net activity. SULLIVAN CHRIS THOMAS also sold $2.53 million worth of Bloomin’ Brands Inc (NASDAQ:BLMN) on Friday, August 12. Shares for $4.93 million were sold by SMITH ELIZABETH A on Tuesday, November 1. Another trade for 20,023 shares valued at $343,495 was made by HERLIHY DONAGH on Tuesday, November 1.

Bloomin’ Brands Inc (NASDAQ:BLMN) Ratings Coverage

Out of 10 analysts covering Bloomin’ Brands (NASDAQ:BLMN), 5 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 50% are positive. Bloomin’ Brands has been the topic of 15 analyst reports since September 11, 2015 according to StockzIntelligence Inc. TheStreet downgraded Bloomin’ Brands Inc (NASDAQ:BLMN) on Friday, October 23 to “Hold” rating. The company was upgraded on Monday, October 12 by CL King. The firm has “Neutral” rating given on Friday, September 11 by Guggenheim. The stock of Bloomin’ Brands Inc (NASDAQ:BLMN) has “Outperform” rating given on Wednesday, November 4 by Raymond James. The stock has “Buy” rating given by Goldman Sachs on Thursday, November 19. The rating was downgraded by William Blair on Thursday, February 18 to “Market Perform”. On Wednesday, November 4 the stock rating was maintained by Deutsche Bank with “Hold”. OTR Global downgraded the stock to “Mixed” rating in Friday, October 30 report. The rating was upgraded by Credit Suisse on Monday, April 11 to “Outperform”.

BLMN Company Profile

Bloomin’ Brands, Inc. (Bloomin’ Brands), incorporated on October 24, 2006, is a holding firm engaged in operating casual dining restaurants. The Firm has a portfolio of four restaurant concepts: Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse & Wine Bar. The Firm owns and operates approximately 1,340 restaurants and franchises over 170 restaurants across approximately 50 states, Puerto Rico, Guam and approximately 20 countries. The Firm operates through two divisions: U.S. and International. The U.S. segment includes all brands operating in the United States, and brands operating outside the United States are included in the International segment. OSI Restaurant Partners, LLC (OSI) is its primary operating entity. New Private Restaurant Properties, LLC (PRP), a subsidiary of Bloomin’ Brands, leases the Company’s owned restaurant properties primarily to OSI subsidiaries.

Another recent and important Bloomin’ Brands Inc (NASDAQ:BLMN) news was published by Prnewswire.com which published an article titled: “Bloomin’ Brands, Inc. to Host Fiscal 2016 Third Quarter Conference Call at 9 …” on October 13, 2016.

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By Nellie Frank


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