Two Sigma Advisers Reduces $11M in Bloomin' Brands, Inc. ($BLMN)
Key Points
- Two Sigma Advisers changed its Bloomin' Brands, Inc. ($BLMN) stake by 100.0% last quarter, cutting to 0 shares.
- Wall Street's consensus rating on $BLMN is Hold and an average price target of $8.64.
- $BLMN last traded around $8.06.
Two Sigma Advisers reduced its position in Bloomin' Brands, Inc. ($BLMN), according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 0 shares of Bloomin' Brands, Inc. after selling 1,307,500 shares during the quarter.
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About Bloomin' Brands, Inc.
Bloomin' Brands, Inc., through its subsidiaries, owns and operates casual, polished casual, and fine dining restaurants in the United States and internationally. The company operates through U.S. and International Franchise segments. Its restaurant portfolio has four concepts, including Outback Steakhouse, a casual steakhouse restaurant; Carrabba's Italian Grill that offers authentic Italian cuisine; Bonefish Grill; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse. Bloomin' Brands, Inc. was founded in 1988 and is based in Tampa, Florida.
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