Bloomin’ Brands Inc (NASDAQ:BLMN) Short Interest Update

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Bloomin’ Brands Inc (NASDAQ:BLMN) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 4,273,300 shares, an increase of 28.4% from the April 30th total of 3,327,000 shares. Currently, 5.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,740,000 shares, the days-to-cover ratio is currently 2.5 days.

Shares of BLMN stock traded up $0.21 on Thursday, reaching $18.49. The company’s stock had a trading volume of 20,453 shares, compared to its average volume of 3,034,996. Bloomin’ Brands has a 1 year low of $17.08 and a 1 year high of $23.16. The company has a debt-to-equity ratio of 9.20, a quick ratio of 0.21 and a current ratio of 0.30. The firm has a market cap of $1.67 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 1.20 and a beta of 0.32.

Bloomin’ Brands (NASDAQ:BLMN) last posted its earnings results on Friday, April 26th. The restaurant operator reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. Bloomin’ Brands had a net margin of 2.56% and a return on equity of 124.00%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the firm posted $0.71 earnings per share. Bloomin’ Brands’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, equities analysts predict that Bloomin’ Brands will post 1.58 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 13th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend was Friday, May 10th. Bloomin’ Brands’s payout ratio is 26.67%.

In other Bloomin’ Brands news, Chairman Elizabeth A. Smith sold 65,486 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $20.00, for a total transaction of $1,309,720.00. Following the completion of the sale, the chairman now directly owns 411,733 shares of the company’s stock, valued at approximately $8,234,660. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Elizabeth A. Smith sold 116,318 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $19.99, for a total transaction of $2,325,196.82. Following the sale, the insider now directly owns 411,733 shares of the company’s stock, valued at $8,230,542.67. The disclosure for this sale can be found here. Company insiders own 4.39% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of BLMN. Advisor Group Inc. boosted its stake in Bloomin’ Brands by 72.0% during the fourth quarter. Advisor Group Inc. now owns 3,233 shares of the restaurant operator’s stock worth $57,000 after buying an additional 1,353 shares during the period. PNC Financial Services Group Inc. purchased a new position in Bloomin’ Brands during the fourth quarter worth $60,000. New York State Teachers Retirement System purchased a new position in Bloomin’ Brands during the first quarter worth $70,000. Pearl River Capital LLC boosted its stake in Bloomin’ Brands by 1,085.2% during the first quarter. Pearl River Capital LLC now owns 6,578 shares of the restaurant operator’s stock worth $134,000 after buying an additional 6,023 shares during the period. Finally, Investors Research Corp purchased a new position in Bloomin’ Brands during the first quarter worth $183,000. 94.17% of the stock is owned by institutional investors.

A number of equities research analysts have issued reports on BLMN shares. Tigress Financial reaffirmed a “buy” rating on shares of Bloomin’ Brands in a report on Thursday, April 18th. Zacks Investment Research raised shares of Bloomin’ Brands from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Tuesday, March 26th. Guggenheim raised shares of Bloomin’ Brands from a “neutral” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Friday, May 24th. BidaskClub raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Friday, March 29th. Finally, ValuEngine raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Friday, April 26th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $21.70.

Bloomin’ Brands Company Profile

Bloomin' Brands, Inc, through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. The company operates through two segments, U.S. and International. Its restaurant portfolio has four concepts, including Outback Steakhouse, a casual steakhouse restaurant; Carrabba's Italian Grill, a casual Italian restaurant; Bonefish Grill, an upscale casual seafood restaurant; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.

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