Bloomin' Brands Inc (NASDAQ:BLMN)'s share price reached a new 52-week high during trading on Thursday following a better than expected earnings announcement. Voya Investment Management LLC now owns 47,376 shares of the restaurant operator's stock worth $1,006,000 after acquiring an additional 4,164 shares during the period. Capital Fund Management S.A. owned approximately 0.06% of Bloomin' Brands worth $1,139,000 at the end of the most recent quarter. Public Employees Retirement System of OH now owns 9,333 shares of the restaurant operator's stock valued at $198,000 after buying an additional 539 shares during the period. New York State Teachers Retirement System purchased a new stake in shares of Bloomin' Brands during the third quarter worth approximately $153,000. PNC Financial Services Group Inc. grew its stake in shares of Bloomin' Brands by 83.2% in the second quarter. PNC Financial Services Group Inc. now owns 7,647 shares of the restaurant operator's stock valued at $162,000 after buying an additional 3,472 shares during the period.
Segall Bryant & Hamill Llc decreased Alphabet Inc Cl A stake by 342 shares to 10,758 valued at $10.48 million in 2017Q3.
Bloomin' Brands (NASDAQ:BLMN) released its quarterly earnings data on Thursday. LSV Asset Management now owns 3,517,296 shares of the restaurant operator's stock worth $75,059,000 after buying an additional 482,900 shares in the last quarter.
In other news, EVP David J. Deno sold 41,097 shares of the company's stock in a transaction dated Monday, December 4th. In a transaction dated December 15, 2017, the shares were put up for sale at an average price of $20.93, raking in a sum of $190,065. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The shares were sold at an average price of $22.50, for a total transaction of $78,750.00. After this sale, common shares of BLMN are directly owned by the insider, with total stake valued at $. The disclosure for this sale can be found here. Insiders sold 428,678 shares of company stock valued at $8,969,199 over the last 90 days. Stifel Financial Corp now owns 13,997 shares of the restaurant operator's stock worth $297,000 after acquiring an additional 126 shares during the period. Zacks Investment Research raised Bloomin' Brands from a "strong sell" rating to a "hold" rating in a research report on Wednesday, January 3rd.
Among 4 analysts covering Duluth Holdings (NASDAQ:DLTH), 3 have Buy rating, 0 Sell and 1 Hold. Finally, Goldman Sachs Group reissued a "sell" rating on shares of Bloomin' Brands in a report on Friday, January 19th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company's stock.
In the transaction dated December 04, 2017, the great number of shares disposed came courtesy the EVP & CFAO; Deno David J. disposed a total of 41,097 shares at an average price of $22, amounting to approximately $904,134.
Shares of Bloomin' Brands (NASDAQ:BLMN) traded up $1.13 on Thursday, hitting $22.02. About 2.04 million shares traded or 108.93% up from the average. The firm has a market capitalization of $1,906.62, a PE ratio of 16.71, a P/E/G ratio of 1.56 and a beta of 0.50.
At the moment 14 analysts are watching Bloomin' Brands, Inc.
The company has a debt-to-equity ratio of 31.17, a current ratio of 0.36 and a quick ratio of 0.29. The firm owned 53,354 shares of the restaurant operator's stock after selling 89,684 shares during the quarter. The business had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.05 billion. Bloomin' Brands had a return on equity of 94.30% and a net margin of 1.93%. Bloomin' Brands's revenue was up 8.3% on a year-over-year basis. analysts anticipate that Bloomin' Brands Inc will post 1.33 EPS for the current year.
WARNING: "Bloomin' Brands (BLMN) Issues Quarterly Earnings Results" was originally published by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this report on another domain, it was illegally stolen and reposted in violation of USA and global trademark & copyright laws. The legal version of this article can be accessed at https://www.thelincolnianonline.com/2018/02/22/sei-investments-co-buys-184591-shares-of-bloomin-brands-inc-blmn.html.
Bloomin' Brands said in a statement it welcomes input from shareholders, and added that management and the board have a "record of taking deliberate actions to drive long-term value creation". The Company operates through two segments: USA and global.
Duluth Holdings Inc. sells casual wear, workwear, and accessories for men and women under the Duluth Trading brand in the United States. The International segment includes brands operating outside the United States.