Bloomin’ Brands, Inc. (NASDAQ:BLMN) recovered 29.11% of its value since hitting low of $16.11. The recent move of 2.06% gain helped the stock to close at $20.8 when trading ended on 07/12/2018. At recent session, the prices were hovering between $20.48 and $20.99. This company shares are 18.17% off its target price of $24.58 and the current market capitalization stands at $1.92B. The recent change has given its price a -4.62% deficit over SMA 50 and -16.8% deficit over its 52-week high. The stock witnessed -4.5% declines, -10.61% declines and -4.72% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found BLMN’s volatility during a week at 3.01% and during a month it has been found around 3.09%.Bloomin’ Brands, Inc. (BLMN) Top Holders
Institutional investors currently hold around $1.92 billion or 88.9% in BLMN stock. Look at its top three institutional owners. Vanguard Group Inc owns $221.65 million in Bloomin’ Brands, Inc., which represents roughly 11.54% of the company’s market cap and approximately 11.56% of the institutional ownership. Similar statistics are true for the second largest owner, Jana Partners Llc, which owns 7,156,593 shares of the stock are valued at $145.85 million. The third largest holder is Blackrock Inc., which currently holds $135.67 million worth of this stock and that ownership represents nearly 7.07% of its market capitalization.
At the end of March reporting period, 105 institutional holders increased their position in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by some 13,041,007 shares, 115 decreased positions by 10,660,022 and 24 held positions by 70,375,487. That puts total institutional holdings at 94,076,516 shares, according to SEC filings. The stock grabbed 37 new institutional investments totaling 6,542,805 shares while 20 institutional investors sold out their entire positions totaling 1,471,533 shares.Bloomin’ Brands, Inc. (NASDAQ:BLMN) Insider Trades
Multiple company employees have indulged in significant insider trading. Bloomin’ Brands, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Chairman and CEO Smith Elizabeth A has sold 68,222 shares of Bloomin’ Brands, Inc. (BLMN) in trading session dated Jun. 25, 2018. These shares are worth $1,509,071 and were traded at $22.12 each. The SEC filing shows that Smith Elizabeth A performed a sale of 300,000 shares. The Chairman and CEO disposed these shares by way of transaction on Jun. 21, 2018. The company’s shares were given away at $22.41 per share worth to an income of some $6,723,000 on account of Smith Elizabeth A.
Chairman and CEO, Smith Elizabeth A, sold 200,000 common shares of Bloomin’ Brands, Inc. (BLMN) in the open market. In a transaction dated Jun. 18, 2018, the shares were put up for sale at an average price of $22.28, raking in a sum of $4,456,000. After this sale, 144,152 common shares of BLMN are directly owned by the insider, with total stake valued at $2,998,362.
In the transaction dated May. 04, 2018, the great number of shares disposed came courtesy the EVP & CFAO; Deno David J. disposed a total of 50,000 shares at an average price of $24.5, amounting to approximately $1,225,000. The insider now directly owns 15,135 shares worth $314,808.
Several analysts have released their opinion on Bloomin’ Brands, Inc. (NASDAQ:BLMN), with 2 analysts believing it is a strong buy. Whereas 6 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 1 strong sell ratings, collectively assigning a 2.7 average brokerage recommendation.