UBS Group AG increased its stake in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 940.4% during the first quarter, Holdings Channel reports. The institutional investor owned 107,493 shares of the restaurant operator’s stock after buying an additional 120,284 shares during the period. UBS Group AG’s holdings in Bloomin’ Brands were worth $2,121,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in BLMN. Vanguard Group Inc. boosted its stake in shares of Bloomin’ Brands by 11.2% in the first quarter. Vanguard Group Inc. now owns 11,991,871 shares of the restaurant operator’s stock valued at $236,600,000 after buying an additional 1,203,463 shares in the last quarter. Menta Capital LLC bought a new stake in shares of Bloomin’ Brands during the first quarter valued at $5,040,000. Marshall Wace North America L.P. bought a new stake in shares of Bloomin’ Brands during the first quarter valued at $211,000. MARSHALL WACE ASIA Ltd bought a new stake in shares of Bloomin’ Brands during the first quarter valued at $211,000. Finally, Rothschild Asset Management Inc. boosted its stake in shares of Bloomin’ Brands by 3.6% in the first quarter. Rothschild Asset Management Inc. now owns 1,368,370 shares of the restaurant operator’s stock valued at $26,998,000 after buying an additional 47,005 shares in the last quarter. Hedge funds and other institutional investors own 98.42% of the company’s stock.
Bloomin’ Brands, Inc. (BLMN) opened at 21.16 on Monday. Bloomin’ Brands, Inc. has a one year low of $15.82 and a one year high of $22.16. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 46.00 and a beta of 0.76. The stock’s 50 day moving average price is $20.77 and its 200 day moving average price is $19.14.
Bloomin’ Brands (NASDAQ:BLMN) last issued its earnings results on Wednesday, April 26th. The restaurant operator reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.02. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. Bloomin’ Brands had a return on equity of 61.37% and a net margin of 1.21%. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the company earned $0.47 EPS. Equities analysts predict that Bloomin’ Brands, Inc. will post $1.43 earnings per share for the current fiscal year.
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Several equities research analysts have recently weighed in on the company. Zacks Investment Research cut Bloomin’ Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. BidaskClub cut Bloomin’ Brands from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. ValuEngine cut Bloomin’ Brands from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Wells Fargo & Company cut Bloomin’ Brands from an “outperform” rating to a “market perform” rating and set a $22.00 price target on the stock. in a research report on Friday, May 19th. Finally, Morgan Stanley upped their price target on Bloomin’ Brands from $18.00 to $19.00 and gave the company an “underweight” rating in a research report on Friday, April 28th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $20.22.
In other Bloomin’ Brands news, Chairman Elizabeth A. Smith sold 275,000 shares of Bloomin’ Brands stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $21.81, for a total value of $5,997,750.00. Following the sale, the chairman now owns 206,235 shares of the company’s stock, valued at approximately $4,497,985.35. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Sukhdev Singh sold 26,446 shares of Bloomin’ Brands stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $21.67, for a total value of $573,084.82. Following the completion of the sale, the executive vice president now directly owns 15,759 shares in the company, valued at approximately $341,497.53. The disclosure for this sale can be found here. Insiders own 7.04% of the company’s stock.
About Bloomin’ Brands
Bloomin’ Brands, Inc is a holding company. The Company owns and operates casual, upscale casual and fine dining restaurants. The Company operates through two segments: U.S. and International. The U.S. segment includes all brands operating in the United States. The International segment includes brands operating outside the United States.
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