Bloomin' Brands, Inc. (NASDAQ:BLMN) Experiences Heavy Trading Volume


17 September, 2017

The company's market cap is $1.6 Billion, and the average volume is 1.59 Million. The value in dollars went from $2,279,000 to $1,269,000 decreasing 44.3% for the reporting period. Point72 Asset Management, L.p. now owns 131,700 shares worth $2,796,000.

Point72 Asset Management, L.p. trimmed its investment by shedding 373,451 shares a decrease of 73.9% in the quarter. Bloomin Brands Inc now has $1.60B valuation. The median estimate represents a 25.28% increase from the last price of 17.56. The target implies a 11.28% spike from where the shares are now trading. (NASDAQ BLMN) opened at 17.18 on Friday. It has underperformed by 7.88% the S&P500. Bank of Montreal Can boosted its position in Bloomin' Brands by 28.9% in the 1st quarter. Bloomin' Brands had 23 analyst reports since September 11, 2015 according to SRatingsIntel. Bloomin' Brands, Inc. has a 52-week low of $15.82 and a 52-week high of $22.16. The ex-dividend date of this dividend is Thursday, February 23rd.

On July 27 Raymond James kept the stock rating at "Outperform" and raised the price expectation to $24.00 from $22.00. On Friday, September 11 the stock rating was initiated by Guggenheim with "Neutral". The company was downgraded on Tuesday, February 21 by JP Morgan. The Return on Investment (ROI) ratio of Bloomin' Brands, Inc. As per Tuesday, January 17, the company rating was downgraded by Morgan Stanley. The firm earned "Strong Buy" rating on Monday, October 12 by CL King. As per Friday, October 30, the company rating was downgraded by OTR Global. The firm owned 1,750,998 shares of the restaurant operator's stock after selling 643,421 shares during the period. Wright Med Group N V was reduced too.

Investors sentiment increased to 0.87 in 2016 Q4. Its up 0.07, from 0.8 in 2016Q3.

A number of other large investors have also modified their holdings of the business.

Turning to Pier 1 Imports, Inc.

Bloomin' Brands (NASDAQ:BLMN) last released its quarterly earnings results on Wednesday, July 26th. Cipher Lp has 189,330 shares for 0.23% of their portfolio. (NASDAQ:BLMN) by 26.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. Bloomin' Brands's payout ratio is now 35.56%.

Bloomin' Brands, Inc. has a consensus hold rating from 14 Wall Street analysts, and the number of shares now sold short amount to at least 10.84% of shares outstanding. Cornerstone Capital Hldgs Limited Liability holds 215,515 shares or 0.03% of its portfolio. Next quarter's EPS is expected be $0.43 with next year's EPS anticipated to be $1.48. California State Teachers Retirement System stated it has 214,896 shares or 0.01% of all its holdings. Ubs Asset Mgmt Americas has invested 0% in Bloomin' Brands Inc (NASDAQ:BLMN). Financial Bank Of Montreal Can accumulated 0% or 26,752 shares.

COPYRIGHT VIOLATION WARNING: "Intrust Bank NA Holds Position in Bloomin' Brands, Inc". Moreover, Northern Tru Corp has 0.01% invested in Bloomin' Brands Inc (NASDAQ:BLMN). The Higher end of the revenue forecast is $988.65 Million, while the Lower end of the forecast is $923.8 Million. Finally, Jefferies Group LLC restated a "hold" rating and issued a $19.00 price target on shares of Bloomin' Brands in a research note on Thursday, August 31st. SMITH ELIZABETH A sold $6.00 million worth of stock.

Bloomin' Brands, Inc. (NASDAQ:BLMN)'s earnings per share has been growing at a -17.2 percent rate over the past 5 year when average revenue increase was noted as 2.1 percent. $573,085 worth of stock was sold by SINGH SUKHDEV on Wednesday, May 3.

The counter witnessed a trading volume of 1.74 million shares versus an average volume of 1.73 million shares during last trading session. Energy Income Partners Llc owns 6.32 million shares or 5.5% of their United States portfolio.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. Forester Capital Management Ltd, a Illinois-based fund reported 62,407 shares.

Analysts await Spectra Energy Partners, LP (NYSE:SEP) to report earnings on November, 1.

About 2.06 million shares traded or 42.07% up from the average. The company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.31 by $0.00.

The stock decreased 0.20% or $0.09 on September 15, reaching $44.4. About 3.98M shares traded or 158.44% up from the average.

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