Why are Institutional Investors Interested in Buying Bloomin’ Brands Inc. (BLMN)?

Bloomin’ Brands Inc. (NASDAQ: BLMN) is 5.61% higher on its value in year-to-date trading and has touched a low of $4.54 and a high of $23.65 in the current 52-week trading range. The BLMN stock was last observed hovering at around $20.67 in the last trading session, with the day’s loss setting it -0.16% off its average median price target of $21.00 for the next 12 months. It is also 14.54% off the consensus price target high of $24.00 offered by 14 analysts, but current levels are -20.65% lower than the price target low of $17.00 for the same period.

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Currently trading at $20.51, the stock is 8.20% and 17.43% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.71 million and changing -0.80% at the moment leaves the stock 52.04% off its SMA200. BLMN registered -7.74% loss for a year compared to 6-month gain of 111.01%. The firm has a 50-day simple moving average (SMA 50) of $18.54 and a 200-day simple moving average (SMA200) of $15.03.

The stock witnessed a 14.65% loss in the last 1 month and extending the period to 3 months gives it a 18.35%, and is 11.83% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.24% over the week and 3.93% over the month.

Bloomin’ Brands Inc. (BLMN) has around 94000 employees, a market worth around $1.79B and $3.38B in sales. Fwd P/E is 18.97. Profit margin for the company is -3.50%. Distance from 52-week low is 351.76% and -13.28% from its 52-week high. The company has generated returns on investments over the last 12 months (15.10%).

Bloomin’ Brands Inc. (BLMN) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Bloomin’ Brands Inc. (BLMN) is a “Overweight”. 14 analysts offering their recommendations for the stock have an average rating of 2.10, where 5 rate it as a Hold and 0 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Bloomin’ Brands Inc. is expected to release its quarterly report on 04/29/2021 and quarterly earnings per share for the current quarter are estimated at $0.05 with sales reaching $887.82M over the same period.The EPS is expected to grow by 27.80% this year, but quarterly earnings will post -21.60% year-over-year. Quarterly sales are estimated to shrink -13.10% in year-over-year returns.

Bloomin’ Brands Inc. (BLMN) Top Institutional Holders

306 institutions hold shares in Bloomin’ Brands Inc. (BLMN), with 7.37M shares held by insiders accounting for 8.54% while institutional investors hold 110.79% of the company’s shares. The shares outstanding are 87.56M, and float is at 80.10M with Short Float at 15.98%. Institutions hold 101.33% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 11.9 million shares valued at $181.67 million. The investor’s holdings represent 13.59% of the BLMN Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 9.21 million shares valued at $140.7 million to account for 10.52% of the shares outstanding. The other top investors are Jana Partners LLC which holds 5.7 million shares representing 6.51% and valued at over $87.04 million, while State Street Corporation holds 3.07% of the shares totaling 2.69 million with a market value of $41.08 million.

Bloomin’ Brands Inc. (BLMN) Insider Activity

A total of 12 insider transactions have happened at Bloomin’ Brands Inc. (BLMN) in the last six months, with sales accounting for 7 and purchases happening 5 times. The most recent transaction is an insider sale by SMITH ELIZABETH A, the company’s Director. SEC filings show that SMITH ELIZABETH A sold 150,000 shares of the company’s common stock on Jan 04 at a price of $18.41 per share for a total of $2.76 million. Following the sale, the insider now owns 0.51 million shares.

Bloomin’ Brands Inc. disclosed in a document filed with the SEC on Nov 17 that SMITH ELIZABETH A (Director) sold a total of 139,101 shares of the company’s common stock. The trade occurred on Nov 17 and was made at $16.79 per share for $2.34 million. Following the transaction, the insider now directly holds 0.51 million shares of the BLMN stock.

Still, SEC filings show that on Nov 16, SMITH ELIZABETH A (Director) disposed off 110,899 shares at an average price of $16.83 for $1.87 million. The insider now directly holds 512,204 shares of Bloomin’ Brands Inc. (BLMN).

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Bloomin’ Brands Inc. (BLMN): Who are the competitors?

The company’s main competitors (and peers) include Ruth’s Hospitality Group Inc. (RUTH) that is trading -20.15% down over the past 12 months. Brinker International Inc. (EAT) is 41.88% up on the 1-year trading charts. Short interest in the company’s stock has risen 0.55% from the last report on Nov 12, 2020 to stand at a total of 12.73 million short shares sold with a short interest ratio of 7.42.

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