BidaskClub Downgrades Bloomin' Brands (BLMN) to Sell

Lloyd Doyle
January 20, 2018

CAE's profit would be $57.81M giving it 21.19 P/E if the $0.22 EPS is correct. After $0.12 actual EPS reported by Bloomin' Brands, Inc. for the previous quarter, Wall Street now forecasts 216.67 % EPS growth. California Public Employees Retirement System now owns 90,272 shares of the restaurant operator's stock valued at $1,589,000 after purchasing an additional 20,772 shares during the last quarter.

On 11/7/2017 Elizabeth A Smith, CEO, sold 1,700 with an average share price of $17.00 per share and the total transaction amounting to $28,900.00. Ardelyx, Inc. (NASDAQ:ARDX) has declined 19.22% since January 17, 2017 and is downtrending. It has outperformed by 72.29% the S&P500.

Bloomin' Brands (NASDAQ:BLMN) last posted its quarterly earnings results on Friday, November 3rd. Therefore 19% are positive. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. (NASDAQ:BLMN) has "Mixed" rating given on Friday, October 30 by OTR Global. Credit Suisse maintained the shares of JNJ in report on Thursday, October 19 with "Buy" rating. As per Monday, November 6, the company rating was maintained by BMO Capital Markets. The firm has "Strong Buy" rating by CL King given on Monday, October 12. As per Tuesday, January 17, the company rating was downgraded by Morgan Stanley. The stock has "Hold" rating by Jefferies on Friday, June 2. The firm's revenue for the quarter was down 5.6% on a year-over-year basis. analysts anticipate that Bloomin' Brands will post 1.33 earnings per share for the current year. Landscape Capital Management Llc who had been investing in Bloomin Brands Inc for a number of months, seems to be less bullish one the $2.00B market cap company. The company was maintained on Thursday, July 27 by Raymond James. Bloomin' Brands has $2600 highest and $17 lowest target. Jefferies Group now has a "Hold" rating and a $23.00 target price on the stock. About 233,845 shares traded. Another trade for 3,500 shares valued at $78,750 was sold by Schmidt David Peter. It has underperformed by 7.88% the S&P500. Citigroup lowered Bloomin' Brands to a "market perform" rating in a report on Wednesday, December 6th. The Company operates through two segments: USA and worldwide. The Company's restaurant portfolio has four concepts: Outback Steakhouse, a casual steakhouse restaurant; CarrabbaÂ's Italian Grill, a casual Italian restaurant; Bonefish Grill, an upscale casual seafood restaurant; and FlemingÂ's Prime Steakhouse & Wine Bar, a contemporary steakhouse.

Jefferies Group also issued estimates for Bloomin' Brands' Q3 2018 earnings at $0.16 EPS, Q4 2018 earnings at $0.38 EPS and FY2019 earnings at $1.45 EPS. Its down 0.05, from 0.87 in 2017Q2. Also, EVP Christopher W. Brandt sold 25,000 shares of Bloomin' Brands stock in a transaction dated Tuesday, November 21st. Finally, Boothbay Fund Management LLC bought a new position in shares of Bloomin' Brands during the 3rd quarter valued at approximately $181,000. Cwm Ltd, a Nebraska-based fund reported 225 shares. (NASDAQ:BLMN). Fifth Third Bank holds 0% of its portfolio in Bloomin' Brands, Inc. (NASDAQ:BLMN) for 188,467 shares. Bankshares Of Ny Mellon owns 28,796 shares. Barnett invested 0.24% in Bloomin' Brands, Inc. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Bloomin' Brands by 10.2% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. increased its position in shares of Bloomin' Brands by 11.2% during the 3rd quarter. (NASDAQ:BLMN). Glenmede Tru Na holds 2.47 million shares. Moreover, Nationwide Fund Advisors has 0% invested in The First Bancshares, Inc.

Several institutional investors and hedge funds have recently modified their holdings of the company.

The average 1-year price target for Bloomin' Brands, Inc. (NASDAQ:FBMS) for 290,867 shares. James Inv Rech Inc reported 49,610 shares. (NASDAQ:BLMN). Flippin Bruce Porter Inc accumulated 153,863 shares or 0.6% of the stock. (NASDAQ:BLMN). Segall Bryant And Hamill Ltd Limited Liability Company invested in 0.08% or 187,652 shares. SG Americas Securities LLC now owns 9,662 shares of the restaurant operator's stock valued at $205,000 after buying an additional 439 shares in the last quarter.

Since December 15, 2017, it had 0 buys, and 3 sales for $8.07 million activity. $190,020 worth of stock was sold by HERLIHY DONAGH on Friday, December 15.

CAE Inc., together with its subsidiaries, designs, makes, and supplies simulation equipment worldwide. The company has market cap of $65.98 million. It has a 28.13 P/E ratio. The Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.

Investors sentiment decreased to 0.96 in Q3 2017. Its down 1.30, from 3.3 in 2017Q2. It is positive, as 9 investors sold CAE Inc. shares while 47 reduced holdings. 61 funds opened positions while 100 raised stakes. Swedbank reported 2.69% of its portfolio in Johnson & Johnson (NYSE:JNJ). Wells Fargo Mn reported 161,665 shares or 0% of all its holdings. During the same period in the prior year, the business earned $0.19 earnings per share. Pacad Ltd has 5,800 shares for 0.02% of their portfolio. Credit Agricole S A holds 0.01% of its portfolio in CAE Inc. (NYSE:TER) for 16,313 shares. (NYSE:CAE). 95,611 were accumulated by Northern Corp. Manufacturers Life Insur The has 6.36M shares for 0.99% of their portfolio. Investment Svcs Of America has invested 0.26% in Johnson & Johnson (NYSE:JNJ). Bancshares Of Montreal Can reported 0.07% stake. Oakbrook Invests Lc holds 0.04% in Teradyne, Inc. (NYSE:TER). Tcw Grp owns 324,911 shares. Etrade Cap Mgmt Ltd Liability Corporation holds 36,003 shares.

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