Investors sentiment decreased to 1.45 in Q2 2019. Its down 0.01, from 1.46 in 2019Q1. It is negative, as 25 investors sold Bloomin' Brands, Inc. shares while 53 reduced holdings. 43 funds opened positions while 70 raised stakes. 85.06 million shares or 2.98% more from 82.60 million shares in 2019Q1 were reported.
Parametric Portfolio Associates Ltd Liability Corp accumulated 625,562 shares. Employees Retirement System Of Texas accumulated 41,000 shares. Public Employees Retirement System Of Ohio invested in 0.01% or 137,699 shares. Riverhead Capital Management Limited Liability Corp has invested 0.01% of its portfolio in Bloomin' Brands, Inc. (NASDAQ:BLMN). Sg Americas Securities Ltd Llc invested 0% in Bloomin' Brands, Inc. (NASDAQ:BLMN). Hsbc Public Limited holds 0% or 37,554 shares. Sector Pension Board accumulated 202,200 shares or 0.03% of the stock. Qs Investors Limited Liability has invested 0.05% of its portfolio in Bloomin' Brands, Inc. (NASDAQ:BLMN). Legal General Grp Incorporated Public Ltd Com invested in 0% or 272,820 shares. Aqr Management Ltd Liability holds 545,135 shares or 0.01% of its portfolio. Glenmede Tru Com Na reported 0.01% of its portfolio in Bloomin' Brands, Inc. (NASDAQ:BLMN). Renaissance Technology Limited Liability Com invested in 90,300 shares or 0% of the stock. New Jersey-based Landscape Capital Ltd Llc has invested 0.41% in Bloomin' Brands, Inc. (NASDAQ:BLMN). Panagora Asset Mngmt has invested 0.02% in Bloomin' Brands, Inc. (NASDAQ:BLMN). Moreover, Grp Inc has 0.01% invested in Bloomin' Brands, Inc. (NASDAQ:BLMN) for 68,894 shares.
Barry Rosenstein’s Jana Partners Llc Reported reduced Stake in Bloomin’ Brands, Inc
Jana Partners Llc filed with SEC a SC 13D/A form for Bloomin’ Brands, Inc. It can be found at: 000090266419004491. As reported by Barry Rosenstein’s Jana Partners Llc, the filler decreased its stake in the stock by -22.58 % for 6,379,324 shares. Barry Rosenstein’s Jana Partners Llc currently owns 7.3% of the Services- stock. Date of activity: December 2, 2019.
The hedge fund with about $11.37 billion looks more negative after reporting such a decrease of its Bloomin’ Brands, Inc ownership.
The hedge fund is investor in the Finance sector.
Reasons Why Barry Rosenstein’s Jana Partners Llc Holds Bloomin’ Brands, Inc
PURPOSE OF TRANSACTION.
Item 4 of the Schedule 13D is hereby amended and supplemented asfollows:
The Reporting Person has reducedits position for portfolio management purposes following the appreciation of the Issuer’s stock price. The ReportingPerson is supportive of the Issuer’s announcement of a strategic review, including but not limited to, a possible sale of theIssuer and intends to continue to engage with the Issuer regarding this review.
Bloomin’ Brands, Inc Institutional Sentiment
Filings show 157 investors own Bloomin’ Brands, Inc. The ownership in Q3 2017 is high, at Infinity of the outstanding shares. This is increased by 156710. 85706718 were owned by these investors. 25 funds opened new Bloomin’ Brands, Inc stakes, 51 increased positions. There were 25 that closed positions and 68 reduced them.
Leon Shaulov Maplelane Capital Llc is an investor bullish on Bloomin’ Brands, Inc, owning 250001 shares as of Q3 2017 for 0.09% of its portfolio. Charles Paquelet Skylands Capital Llc owns 198200 shares or 0.46% of its portfolio. CO Denver Investment Advisors Llc have 0.73% of its portfolio for 849606 shares. Further, Earnest Partners Llc reported stake worth 0.71% of its portfolio. The CA Kestrel Investment Management Corp owns 456025 shares. Bloomin’ Brands, Inc is 2.84% of its portfolio.
SEC Form 13D.
Barry Rosenstein’s Jana Partners Llc website.
Analysts await Bloomin' Brands, Inc. (NASDAQ:BLMN) to report earnings on February, 13. They expect $0.35 earnings per share, up 16.67 % or $0.05 from last year’s $0.3 per share. BLMN’s profit will be $30.40M for 16.43 P/E if the $0.35 EPS becomes a reality. After $0.10 actual earnings per share reported by Bloomin' Brands, Inc. for the previous quarter, Wall Street now forecasts 250.00 % EPS growth.
The stock decreased 2.04% or $0.48 during the last trading session, reaching $23. About 703,486 shares traded. Bloomin' Brands, Inc. (NASDAQ:BLMN) has declined 12.71% since December 5, 2018 and is downtrending. It has underperformed by 12.71% the S&P500.
Bloomin' 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 $2.00 billion. The firm operates through two divisions, U.S. and International. It has a 18.37 P/E ratio. The Company’s restaurant portfolio has four concepts: 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.
Bloomin' Brands, Inc. (NASDAQ:BLMN) Ratings Coverage
Among 7 analysts covering Bloomin’ Brands (NASDAQ:BLMN), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Bloomin’ Brands has $2600 highest and $1900 lowest target. $21.86’s average target is -4.96% below currents $23 stock price. Bloomin’ Brands had 12 analyst reports since June 28, 2019 according to SRatingsIntel. The firm has “Market Perform” rating given on Thursday, November 7 by BMO Capital Markets. The rating was downgraded by Deutsche Bank on Tuesday, October 15 to “Hold”. The firm has “Market Perform” rating given on Thursday, September 5 by BMO Capital Markets. Morgan Stanley maintained the stock with “Equal-Weight” rating in Friday, October 18 report. The stock of Bloomin' Brands, Inc. (NASDAQ:BLMN) has “Neutral” rating given on Thursday, November 7 by JP Morgan. Raymond James maintained Bloomin' Brands, Inc. (NASDAQ:BLMN) on Thursday, November 7 with “Outperform” rating. The firm earned “Overweight” rating on Friday, October 18 by Barclays Capital.
More notable recent Bloomin' Brands, Inc. (NASDAQ:BLMN) news were published by: Finance.Yahoo.com which released: “Bloomin’ Brands, Inc. (NASDAQ:BLMN) Stock Goes Ex-Dividend In Just 4 Days – Yahoo Finance” on August 04, 2019, also Bizjournals.com with their article: “Indulgence for two: Get a taste of the latest promotion at Bonefish Grill – Orlando Business Journal” published on January 29, 2019, Businesswire.com published: “Bloomin’ Brands, Inc. to Host Analyst & Investor Day – Business Wire” on February 13, 2019. More interesting news about Bloomin' Brands, Inc. (NASDAQ:BLMN) were released by: Nasdaq.com and their article: “Bloomin’ Brands, Inc. (BLMN) Ex-Dividend Date Scheduled for February 22, 2019 – Nasdaq” published on February 21, 2019 as well as Investorplace.com‘s news article titled: “4 Retail Stocks to Buy in Time for the Back-to-School Rush – Investorplace.com” with publication date: July 16, 2019.
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