Bloomin’ Brands Inc (NASDAQ:BLMN) Short Interest Up 11.8% in December

Bloomin’ Brands Inc (NASDAQ:BLMN) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 4,640,000 shares, a growth of 11.8% from the December 15th total of 4,150,000 shares. Currently, 5.8% of the shares of the company are sold short. Based on an average daily trading volume, of 961,000 shares, the short-interest ratio is presently 4.8 days.

Several institutional investors have recently added to or reduced their stakes in the stock. Cerebellum GP LLC lifted its holdings in Bloomin’ Brands by 1,618.1% in the 4th quarter. Cerebellum GP LLC now owns 19,535 shares of the restaurant operator’s stock valued at $431,000 after purchasing an additional 18,398 shares in the last quarter. Dalton Greiner Hartman Maher & Co. increased its stake in shares of Bloomin’ Brands by 67.2% during the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 708,415 shares of the restaurant operator’s stock valued at $15,635,000 after acquiring an additional 284,667 shares during the last quarter. 6 Meridian increased its stake in shares of Bloomin’ Brands by 1.9% during the 4th quarter. 6 Meridian now owns 33,065 shares of the restaurant operator’s stock valued at $730,000 after acquiring an additional 608 shares during the last quarter. Metropolitan Life Insurance Co NY increased its stake in shares of Bloomin’ Brands by 9.4% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 27,309 shares of the restaurant operator’s stock valued at $517,000 after acquiring an additional 2,346 shares during the last quarter. Finally, Squarepoint Ops LLC increased its stake in shares of Bloomin’ Brands by 194.6% during the 3rd quarter. Squarepoint Ops LLC now owns 103,100 shares of the restaurant operator’s stock valued at $1,952,000 after acquiring an additional 68,105 shares during the last quarter.

BLMN has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Bloomin’ Brands from a “buy” rating to a “sell” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. cut shares of Bloomin’ Brands from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $21.00 to $25.00 in a research report on Thursday, November 7th. They noted that the move was a valuation call. BidaskClub cut shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, December 31st. Barclays dropped their price target on shares of Bloomin’ Brands from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday, October 18th. Finally, Goldman Sachs Group assumed coverage on shares of Bloomin’ Brands in a research report on Thursday, December 12th. They set a “buy” rating and a $25.00 price target for the company. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $22.27.

Shares of Bloomin’ Brands stock traded up $0.22 during trading on Thursday, reaching $22.11. The company’s stock had a trading volume of 8,104 shares, compared to its average volume of 851,682. The company has a 50-day moving average price of $22.30 and a two-hundred day moving average price of $19.72. The firm has a market cap of $1.88 billion, a PE ratio of 14.78, a P/E/G ratio of 1.29 and a beta of 0.33. Bloomin’ Brands has a fifty-two week low of $15.12 and a fifty-two week high of $24.29. The company has a current ratio of 0.27, a quick ratio of 0.17 and a debt-to-equity ratio of 15.62.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings data on Wednesday, November 6th. The restaurant operator reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $967.14 million for the quarter, compared to analysts’ expectations of $967.04 million. Bloomin’ Brands had a net margin of 2.75% and a return on equity of 89.62%. Bloomin’ Brands’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.08 EPS. On average, analysts predict that Bloomin’ Brands will post 1.57 earnings per share for the current fiscal year.

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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