Cwm LLC Has $207,000 Holdings in Bloomin’ Brands, Inc. $BLMN

Cwm LLC boosted its holdings in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 127.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,079 shares of the restaurant operator’s stock after buying an additional 13,477 shares during the quarter. Cwm LLC’s holdings in Bloomin’ Brands were worth $207,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BLMN. Millennium Management LLC increased its position in Bloomin’ Brands by 123.1% during the first quarter. Millennium Management LLC now owns 2,299,778 shares of the restaurant operator’s stock worth $16,489,000 after buying an additional 1,268,988 shares during the last quarter. Nuveen LLC acquired a new position in Bloomin’ Brands during the first quarter worth approximately $7,890,000. Landscape Capital Management L.L.C. increased its position in Bloomin’ Brands by 1,549.5% during the first quarter. Landscape Capital Management L.L.C. now owns 637,264 shares of the restaurant operator’s stock worth $4,569,000 after buying an additional 598,630 shares during the last quarter. Maverick Capital Ltd. acquired a new position in shares of Bloomin’ Brands in the first quarter valued at approximately $3,788,000. Finally, AQR Capital Management LLC grew its position in shares of Bloomin’ Brands by 156.1% in the first quarter. AQR Capital Management LLC now owns 591,373 shares of the restaurant operator’s stock valued at $4,240,000 after purchasing an additional 360,450 shares during the last quarter.

Bloomin’ Brands Trading Down 2.5%

Shares of BLMN stock opened at $7.51 on Wednesday. The company has a current ratio of 0.43, a quick ratio of 0.35 and a debt-to-equity ratio of 2.29. The stock has a market cap of $638.88 million, a P/E ratio of -150.20 and a beta of 1.27. The stock has a 50 day simple moving average of $7.24 and a 200 day simple moving average of $8.03. Bloomin’ Brands, Inc. has a 1 year low of $6.09 and a 1 year high of $17.57.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings results on Wednesday, August 6th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.05. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $974.69 million. Bloomin’ Brands had a positive return on equity of 44.03% and a negative net margin of 0.12%.The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 earnings per share. On average, research analysts predict that Bloomin’ Brands, Inc. will post 1.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BLMN has been the topic of several research reports. BMO Capital Markets decreased their target price on Bloomin’ Brands from $10.00 to $8.00 and set a “market perform” rating on the stock in a research report on Thursday, August 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Bloomin’ Brands in a research report on Wednesday, October 8th. The Goldman Sachs Group decreased their target price on Bloomin’ Brands from $8.00 to $6.50 and set a “sell” rating on the stock in a research report on Thursday, August 7th. Barclays decreased their target price on Bloomin’ Brands from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 6th. Finally, Morgan Stanley upped their target price on Bloomin’ Brands from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Monday, July 14th. Seven equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $9.88.

About Bloomin’ Brands

Bloomin’ Brands, Inc engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.