Jana Partners LLC Has Cut Its Stake in Bloomin Brands INC (BLMN) by $18.55 Million as Market Value Declined

June 13, 2018 - By Duane Lopez

Investors sentiment increased to 0.95 in 2018 Q1. Its up 0.05, from 0.9 in 2017Q4. It is positive, as 15 investors sold BLMN shares while 81 reduced holdings. 35 funds opened positions while 56 raised stakes. 83.62 million shares or 4.86% less from 87.88 million shares in 2017Q4 were reported. Vident Investment Advisory Ltd Liability Corporation owns 13,231 shares or 0.01% of their US portfolio. Parallax Volatility Advisers LP has 0% invested in Bloomin' Brands, Inc. (NASDAQ:BLMN). Tiaa Cref Inv Mngmt Ltd Liability reported 601,399 shares. Tower Capital Llc (Trc) invested 0% of its portfolio in Bloomin' Brands, Inc. (NASDAQ:BLMN). 13D Mgmt Ltd holds 3.98% or 591,476 shares. American Registered Inv Advisor holds 0.21% of its portfolio in Bloomin' Brands, Inc. (NASDAQ:BLMN) for 17,105 shares. First Trust Advisors LP holds 43,862 shares or 0% of its portfolio. Acadian Asset Management Limited Liability owns 6,871 shares. Old National Bank & Trust In holds 0.02% or 15,934 shares. Swiss Savings Bank invested in 0% or 162,200 shares. Us Bank & Trust De, Minnesota-based fund reported 55,185 shares. Capital Fund Mgmt Sa accumulated 0.01% or 37,990 shares. Tudor Corp Et Al stated it has 22,504 shares or 0.02% of all its holdings. Nwq Mgmt Com Limited Liability Corporation invested 0.09% of its portfolio in Bloomin' Brands, Inc. (NASDAQ:BLMN). Victory Capital Mgmt reported 10,351 shares.

Since December 15, 2017, it had 0 insider buys, and 20 insider sales for $49.56 million activity. 15,901 Bloomin' Brands, Inc. (NASDAQ:BLMN) shares with value of $395,617 were sold by Kappitt Michael. 23,900 shares were sold by Schmidt David Peter, worth $579,575 on Tuesday, May 1. KADOW JOSEPH JOHN sold $6.52M worth of Bloomin' Brands, Inc. (NASDAQ:BLMN) on Friday, March 2. 375,000 Bloomin' Brands, Inc. (NASDAQ:BLMN) shares with value of $7.80M were sold by SMITH ELIZABETH A. SINGH SUKHDEV also sold $532,450 worth of Bloomin' Brands, Inc. (NASDAQ:BLMN) shares. $190,020 worth of Bloomin' Brands, Inc. (NASDAQ:BLMN) was sold by HERLIHY DONAGH on Friday, December 15.

Barry Rosenstein decreased its stake in Bloomin Brands Inc (BLMN) by 9.75% based on its latest 2018Q1 regulatory filing with the SEC. Jana Partners Llc sold 773,045 shares as the company’s stock declined 9.90% with the market. The hedge fund run by Barry Rosenstein held 7.16M shares of the consumer services company at the end of 2018Q1, valued at $173.76 million, down from 7.93 million at the end of the previous reported quarter. Jana Partners Llc who had been investing in Bloomin Brands Inc for a number of months, seems to be less bullish one the $2.02B market cap company. It closed at $21.78 lastly. It is down 5.58% since June 13, 2017 and is uptrending. It has underperformed by 6.99% the S&P500.

Jana Partners Llc, which manages about $11.37B and $3.36 billion US Long portfolio, upped its stake in Tiffany & Co New (NYSE:TIF) by 3.48M shares to 3.56M shares, valued at $347.51 million in 2018Q1, according to the filing. It also increased its holding in First Data Corp New by 4.01 million shares in the quarter, for a total of 5.31 million shares, and has risen its stake in Pinnacle Foods Inc Del (NYSE:PF).

Analysts await Bloomin' Brands, Inc. (NASDAQ:BLMN) to report earnings on July, 25. They expect $0.32 EPS, up 14.29 % or $0.04 from last year’s $0.28 per share. BLMN’s profit will be $29.71M for 17.02 P/E if the $0.32 EPS becomes a reality. After $0.71 actual EPS reported by Bloomin' Brands, Inc. for the previous quarter, Wall Street now forecasts -54.93 % negative EPS growth.

Bloomin' Brands, Inc. (NASDAQ:BLMN) Ratings Coverage

Among 6 analysts covering Bloomin’ Brands (NASDAQ:BLMN), 3 have Buy rating, 1 Sell and 2 Hold. Therefore 50% are positive. Bloomin’ Brands had 10 analyst reports since December 22, 2017 according to SRatingsIntel. The firm has “Outperform” rating by BMO Capital Markets given on Friday, February 23. The firm has “Overweight” rating by Barclays Capital given on Friday, February 23. The stock has “Hold” rating by Jefferies on Friday, February 23. The firm has “Neutral” rating given on Tuesday, May 1 by JP Morgan. The stock has “Buy” rating by Barclays Capital on Tuesday, January 16. The stock has “Sell” rating by Goldman Sachs on Friday, January 19. The firm earned “Hold” rating on Friday, December 22 by Jefferies. Barclays Capital maintained Bloomin' Brands, Inc. (NASDAQ:BLMN) rating on Wednesday, January 24. Barclays Capital has “Overweight” rating and $26 target. The firm has “Buy” rating by Deutsche Bank given on Friday, March 2. The firm has “Overweight” rating by Barclays Capital given on Friday, April 27.

Bloomin' Brands, Inc. (NASDAQ:BLMN) Institutional Positions Chart

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