Bloomin’ Brands Inc. (NASDAQ:BLMN) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 7,039,947 shares, an increase of 33.8% from the October 31st total of 5,259,661 shares. Currently, 6.4% of the company’s stock are sold short. Based on an average trading volume of 2,086,747 shares, the short-interest ratio is presently 3.4 days.
In other Bloomin’ Brands news, Chairman Elizabeth A. Smith sold 287,576 shares of the firm’s stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $17.14, for a total transaction of $4,929,052.64. Following the completion of the transaction, the chairman now directly owns 167,313 shares of the company’s stock, valued at approximately $2,867,744.82. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 6.68% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in BLMN. Bank of Montreal Can bought a new position in Bloomin’ Brands during the second quarter valued at approximately $401,000. Reinhart Partners Inc. boosted its position in Bloomin’ Brands by 4.9% in the second quarter. Reinhart Partners Inc. now owns 176,875 shares of the company’s stock valued at $3,161,000 after buying an additional 8,335 shares during the last quarter. Eagle Asset Management Inc. boosted its position in Bloomin’ Brands by 4.5% in the second quarter. Eagle Asset Management Inc. now owns 262,239 shares of the company’s stock valued at $4,686,000 after buying an additional 11,295 shares during the last quarter. Fox Run Management L.L.C. bought a new position in Bloomin’ Brands during the second quarter valued at approximately $543,000. Finally, Foundry Partners LLC boosted its position in Bloomin’ Brands by 501.6% in the second quarter. Foundry Partners LLC now owns 163,597 shares of the company’s stock valued at $2,923,000 after buying an additional 136,402 shares during the last quarter. Hedge funds and other institutional investors own 99.56% of the company’s stock.
BLMN has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Tuesday, October 11th. BMO Capital Markets reissued an “outperform” rating and set a $22.00 price objective on shares of Bloomin’ Brands in a report on Tuesday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $20.88.
Bloomin’ Brands (NASDAQ:BLMN) opened at 19.66 on Friday. Bloomin’ Brands has a 1-year low of $14.91 and a 1-year high of $19.99. The firm’s 50-day moving average is $17.84 and its 200-day moving average is $18.40. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 36.68 and a beta of 0.82.
Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings data on Friday, October 28th. The company reported $0.20 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.20. Bloomin’ Brands had a net margin of 1.48% and a return on equity of 45.13%. The business earned $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the company earned $0.15 earnings per share. Bloomin’ Brands’s revenue for the quarter was down 2.1% on a year-over-year basis. On average, equities analysts anticipate that Bloomin’ Brands will post $1.31 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 22nd. Stockholders of record on Wednesday, November 9th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Monday, November 7th. Bloomin’ Brands’s payout ratio is 52.83%.
Bloomin’ Brands Company Profile