By otakuyassine3@gmail.com 
Bloomin’ Brands, Inc. (NASDAQ:BLMN – Get Free Report) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 8,720,000 shares, an increase of 13.0% from the December 31st total of 7,720,000 shares. Based on an average trading volume of 1,850,000 shares, the days-to-cover ratio is currently 4.7 days. Approximately 10.5% of the shares of the company are short sold.
Bloomin’ Brands Stock Performance
BLMN stock remained flat at $12.56 during midday trading on Monday. The company’s stock had a trading volume of 1,948,028 shares, compared to its average volume of 1,708,911. The company’s fifty day simple moving average is $12.41 and its 200-day simple moving average is $15.17. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.22. The stock has a market capitalization of $1.07 billion, a PE ratio of -114.17 and a beta of 1.97. Bloomin’ Brands has a one year low of $11.03 and a one year high of $30.13.
Bloomin’ Brands (NASDAQ:BLMN – Get Free Report) last issued its quarterly earnings data on Friday, November 8th. The restaurant operator reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. Bloomin’ Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the business posted $0.44 EPS. The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. As a group, research analysts expect that Bloomin’ Brands will post 1.8 EPS for the current fiscal year.
Hedge Funds Weigh In On Bloomin’ Brands
Hedge funds have recently bought and sold shares of the company. Hussman Strategic Advisors Inc. acquired a new position in shares of Bloomin’ Brands in the fourth quarter valued at approximately $641,000. Rye Brook Capital LLC increased its position in shares of Bloomin’ Brands by 2.1% during the fourth quarter. Rye Brook Capital LLC now owns 167,700 shares of the restaurant operator’s stock worth $2,048,000 after acquiring an additional 3,500 shares during the period. Rhumbline Advisers raised its stake in shares of Bloomin’ Brands by 1.3% in the fourth quarter. Rhumbline Advisers now owns 238,093 shares of the restaurant operator’s stock valued at $2,907,000 after acquiring an additional 2,977 shares in the last quarter. Entropy Technologies LP purchased a new position in Bloomin’ Brands in the fourth quarter valued at $140,000. Finally, Fruth Investment Management acquired a new position in Bloomin’ Brands during the 4th quarter worth $152,000.
Wall Street Analyst Weigh In
BLMN has been the topic of several recent research reports. UBS Group lowered their price objective on Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Bank of America downgraded shares of Bloomin’ Brands from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $18.00 to $13.00 in a report on Monday, January 27th. StockNews.com raised Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Saturday. The Goldman Sachs Group started coverage on Bloomin’ Brands in a research report on Thursday, December 5th. They set a “sell” rating and a $13.00 price target for the company. Finally, Piper Sandler reduced their price objective on Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, November 11th. Two investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. Based on data from MarketBeat, Bloomin’ Brands has a consensus rating of “Hold” and an average target price of $16.30.
View Our Latest Research Report on Bloomin’ Brands
About Bloomin’ Brands
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; and Fleming’s Prime Steakhouse & Wine Bar, a contemporary steakhouse.
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