GSA Capital Partners LLP Has $789,000 Position in Bloomin' Brands Inc (BLMN)

GSA Capital Partners LLP reduced its holdings in Bloomin' Brands Inc (NASDAQ:BLMN) by 7.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,854 shares of the restaurant operator’s stock after selling 3,619 shares during the quarter. GSA Capital Partners LLP’s holdings in Bloomin' Brands were worth $789,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Bloomin' Brands by 10.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,144 shares of the restaurant operator’s stock worth $109,000 after acquiring an additional 476 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in Bloomin' Brands during the third quarter worth about $153,000. PNC Financial Services Group Inc. increased its stake in Bloomin' Brands by 83.2% during the second quarter. PNC Financial Services Group Inc. now owns 7,647 shares of the restaurant operator’s stock worth $162,000 after acquiring an additional 3,472 shares during the last quarter. Boothbay Fund Management LLC acquired a new stake in Bloomin' Brands during the third quarter worth about $181,000. Finally, Meeder Asset Management Inc. increased its stake in Bloomin' Brands by 317.0% during the third quarter. Meeder Asset Management Inc. now owns 10,608 shares of the restaurant operator’s stock worth $187,000 after acquiring an additional 8,064 shares during the last quarter.

Bloomin' Brands Inc (NASDAQ:BLMN) opened at $21.35 on Thursday. The company has a market capitalization of $1,990.00, a PE ratio of 27.73, a P/E/G ratio of 1.27 and a beta of 0.64. Bloomin' Brands Inc has a 1-year low of $16.11 and a 1-year high of $22.47. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 31.17.

Bloomin' Brands (NASDAQ:BLMN) last issued its quarterly earnings results on Friday, November 3rd. The restaurant operator reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). The business had revenue of $948.90 million during the quarter, compared to analysts’ expectations of $944.30 million. Bloomin' Brands had a net margin of 0.43% and a return on equity of 30.02%. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 EPS. equities analysts forecast that Bloomin' Brands Inc will post 1.33 EPS for the current fiscal year.

In related news, CEO Elizabeth A. Smith sold 1,700 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $17.00, for a total value of $28,900.00. Following the completion of the transaction, the chief executive officer now owns 82,935 shares of the company’s stock, valued at $1,409,895. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David J. Deno sold 41,097 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $22.00, for a total value of $904,134.00. Following the completion of the transaction, the executive vice president now directly owns 15,135 shares of the company’s stock, valued at approximately $332,970. The disclosure for this sale can be found here. Insiders sold 551,878 shares of company stock valued at $11,131,099 in the last three months. 7.04% of the stock is currently owned by company insiders.

Several equities research analysts have recently weighed in on BLMN shares. ValuEngine downgraded Bloomin' Brands from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Bank of America downgraded Bloomin' Brands from a “buy” rating to a “neutral” rating and set a $21.00 target price for the company. in a research report on Wednesday, November 22nd. Jefferies Group reaffirmed a “hold” rating and issued a $19.00 target price on shares of Bloomin' Brands in a research report on Thursday, August 31st. Credit Suisse Group decreased their target price on Bloomin' Brands from $18.50 to $18.00 and set a “neutral” rating for the company in a research report on Monday, November 6th. Finally, Barclays decreased their target price on Bloomin' Brands from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, October 18th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $21.36.

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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.

Institutional Ownership by Quarter for Bloomin' Brands (NASDAQ:BLMN)

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