66,402 Shares in Bloomin’ Brands Inc. (BLMN) Acquired by First Trust Advisors LP
First Trust Advisors LP acquired a new position in shares of Bloomin’ Brands Inc. (NASDAQ:BLMN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 66,402 shares of the company’s stock, valued at approximately $1,187,000. First Trust Advisors LP owned approximately 0.06% of Bloomin’ Brands as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of BLMN. Wellington Management Group LLP increased its position in Bloomin’ Brands by 28.1% in the first quarter. Wellington Management Group LLP now owns 6,440,548 shares of the company’s stock worth $108,652,000 after buying an additional 1,411,587 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in Bloomin’ Brands during the second quarter worth about $18,843,000. Rothschild Asset Management Inc. bought a new position in Bloomin’ Brands during the second quarter worth about $13,707,000. Strs Ohio increased its position in Bloomin’ Brands by 178.9% in the second quarter. Strs Ohio now owns 1,110,700 shares of the company’s stock worth $19,848,000 after buying an additional 712,400 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Bloomin’ Brands by 250.4% in the first quarter. JPMorgan Chase & Co. now owns 961,840 shares of the company’s stock worth $16,226,000 after buying an additional 687,319 shares during the last quarter. 93.55% of the stock is currently owned by institutional investors.
Bloomin’ Brands Inc. (NASDAQ:BLMN) traded up 0.41% during trading on Friday, reaching $17.24. 1,259,327 shares of the company traded hands. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 35.62 and a beta of 0.80. The company’s 50-day moving average price is $18.77 and its 200 day moving average price is $18.37. Bloomin’ Brands Inc. has a 52 week low of $14.91 and a 52 week high of $19.89.
Bloomin’ Brands (NASDAQ:BLMN) last announced its earnings results on Friday, July 29th. The company reported $0.30 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.30. Bloomin’ Brands had a net margin of 1.38% and a return on equity of 38.79%. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the business posted $0.28 EPS. The company’s quarterly revenue was down 1.9% on a year-over-year basis. On average, equities research analysts expect that Bloomin’ Brands Inc. will post $1.34 EPS for the current year.
Several research analysts have weighed in on BLMN shares. TheStreet downgraded shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a report on Friday, June 17th. Zacks Investment Research upgraded shares of Bloomin’ Brands from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Wednesday, June 22nd. Raymond James Financial Inc. restated an “outperform” rating and set a $21.00 price objective on shares of Bloomin’ Brands in a report on Friday, July 15th. Finally, BMO Capital Markets restated an “outperform” rating and set a $22.00 price objective on shares of Bloomin’ Brands in a report on Tuesday, August 2nd. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Bloomin’ Brands currently has an average rating of “Buy” and an average price target of $20.92.
In other news, Director Chris Thomas Sullivan sold 79,150 shares of Bloomin’ Brands stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $19.05, for a total value of $1,507,807.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael Kappitt sold 10,000 shares of Bloomin’ Brands stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $19.50, for a total value of $195,000.00. The disclosure for this sale can be found here. Insiders own 6.68% of the company’s stock.
About Bloomin’ Brands
Bloomin’ Brands, Inc (Bloomin’ Brands) is a holding company engaged in operating casual dining restaurants. The Company has a portfolio of four restaurant concepts: Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse & Wine Bar. The Company owns and operates approximately 1,340 restaurants and franchises over 170 restaurants across approximately 50 states, Puerto Rico, Guam and approximately 20 countries.
Want to see what other hedge funds are holding BLMN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bloomin’ Brands Inc. (NASDAQ:BLMN).
Receive News & Ratings for Bloomin' Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bloomin' Brands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.