Economy

Bloomin Brands Inc (NASDAQ:BLMN): Institutional Investors Are Worried

Over the past five trading sessions shares of General Mills, Inc.

Bloomin' Brands (NASDAQ:BLMN) last issued its quarterly earnings results on Wednesday, July 26th. It has underperformed by 7.88% the S&P500. It was reported on Sep, 22 by Barchart.com. (NASDAQ:BLMN) is performing -6.05%.

Sasco Capital Inc increased Big Lots Inc (BIG) stake by 0.51% reported in 2017Q2 SEC filing. Public Employees Retirement System of OH now owns 8,794 shares of the restaurant operator's stock valued at $174,000 after purchasing an additional 693 shares during the period. The stock rose 1.05% or $0.52 reaching $49.82 per share. About 119,904 shares traded. Big Lots, Inc. (NYSE:BIG) has risen 10.65% since September 22, 2016 and is uptrending. It has underperformed by 38.50% the S&P500. Therefore 63% are positive. BLMN was included in 23 notes of analysts from September 11, 2015. The rating was maintained by M Partners on Tuesday, May 31 with "Buy". The rating was downgraded by Credit Suisse to "Neutral" on Thursday, February 23. The stock of Big Lots, Inc. As per Wednesday, November 4, the company rating was maintained by Deutsche Bank. The consensus rating is 3.1, suggesting the market has given up on the stock. The firm has "Neutral" rating given on Monday, December 7 by Piper Jaffray. The firm has "Market Perform" rating given on Friday, August 28 by Telsey Advisory Group. Its up 6.5% from 289,300 shares previously.

Investors sentiment decreased to 1 in 2017 Q2. Its up 0.07, from 0.8 in 2017Q1. It is negative, as 37 investors sold BIG shares while 101 reduced holdings. 110 funds opened positions while 462 raised stakes. Creative Planning invested 0% of its portfolio in Monroe Capital Corp (NASDAQ:MRCC). Barrow Hanley Mewhinney & Strauss Limited Company holds 107,882 shares or 0.01% of its portfolio. Integrated Investment Consultants LLC now owns 9,007 shares of the company's stock valued at $178,000 after buying an additional 1,507 shares in the last quarter. 818,692 were accumulated by Old Mutual Glob (Uk) Limited. Comparatively, BLMN's free cash flow per share was -0.19. Wedge Cap Mgmt L Lp Nc invested 0.17% of its portfolio in Big Lots, Inc. Amer Int Grp Inc reported 118,508 shares or 0.02% of all its holdings. (NYSE:BIG) for 475,008 shares. Shares for $1.42 million were sold by Scarlett Gregg on Friday, April 28.

The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 2.60 for DRI and 2.60 for BLMN, which implies that analysts are equally bullish on their outlook for the two stocks. Therefore 27% are positive. BidaskClub downgraded Bloomin' Brands from a "buy" rating to a "hold" rating in a research report on Wednesday, July 19th. Morgan Stanley downgraded the stock to "Underweight" rating in Tuesday, January 17 report. The firm has "Hold" rating by TheStreet given on Friday, October 23. Wells Fargo downgraded Bloomin' Brands Inc (NASDAQ:BLMN) on Friday, May 19 to "Market Perform" rating. Bloomin' Brands Inc has a 12 month low of $15.82 and a 12 month high of $19.99. BMO Capital Markets maintained Bloomin' Brands Inc (NASDAQ:BLMN) rating on Thursday, June 22. All else equal, DRI's higher growth rate would imply a greater potential for capital appreciation. Raymond James Financial, Inc. set a $24.00 target price on Bloomin' Brands and gave the company a "buy" rating in a research report on Thursday, July 27th. On Friday, September 11 the stock rating was initiated by Guggenheim with "Neutral". They now have a United States dollars 25 price target on the stock.

To answer these questions, I weigh Bloomin' Brands's EPS growth over the past recorded year through these simple metrics. The stock's market capitalization is 1.72B. The Firm owns and operates casual, upscale casual and fine dining restaurants. DRI is the cheaper of the two stocks on book value basis but is expensive in terms of P/E and P/S ratio. The Company operates through two segments: US and worldwide.

Since January 1, 0001, it had 0 insider purchases, and 5 selling transactions for $8.62 million activity. Next Financial Group has 0% invested in Bloomin' Brands Inc (NASDAQ:BLMN). Public Employees Retirement System of OH raised its holdings in shares of Bloomin' Brands by 8.6% during the first quarter. 3,326 shares were sold by HERLIHY DONAGH, worth $66,520. Sell-side analyst recommendations point to a short term price target of $56.68 on the company shares.

Investors sentiment increased to 0.87 in Q2 2017. Its up 0.02, from 0.91 in 2017Q1. 32 funds opened positions while 47 raised stakes. The legal version of this news story can be read at https://www.dispatchtribunal.com/2017/09/23/menta-capital-llc-reduces-stake-in-bloomin-brands-inc-blmn.html. 14,640 were accumulated by Envestnet Asset Mngmt. Prelude Mgmt Ltd Liability Corporation reported 0.02% stake. California Public Employees Retirement Sys holds 0% or 69,500 shares.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ahl Prtnrs Ltd Liability Partnership owns 587,739 shares. Raymond James And Associates invested in 116,759 shares or 0% of the stock. Ubs Asset Mngmt Americas Inc stated it has 72,907 shares or 0% of all its holdings. Denver Ltd invested in 1.04 million shares. Canada Pension Plan Board reported 267,600 shares. On average, equities research analysts anticipate that Bloomin' Brands will post $1.42 EPS for the current fiscal year. The restaurant operator reported $0.28 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.28. This translates into $14.91M profit for BLMN giving the stock a 27.17 P/E.

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