BlackRock Amends Bloomin' Brands Stake as of Dec 31, 2023
Ticker: BLMN · Form: SC 13G/A · Filed: 2024-01-22T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its Bloomin' Brands stake, signaling continued institutional interest.**
AI Summary
BlackRock Inc. has updated its ownership stake in Bloomin' Brands, Inc., the parent company of Outback Steakhouse and Carrabba's Italian Grill, as of December 31, 2023. This amendment (Amendment No. 11) to their Schedule 13G filing indicates that BlackRock continues to be a significant institutional investor. For shareholders, this filing confirms that a major asset manager maintains a substantial, albeit passive, interest in Bloomin' Brands, which can signal long-term confidence in the company's stability.
Why It Matters
This filing shows that a major institutional investor, BlackRock, still holds a significant position in Bloomin' Brands, which can be a vote of confidence for current and potential investors.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate financial risk or significant change in company operations.
Analyst Insight
An investor should note that BlackRock, a major institutional player, continues to hold a position in Bloomin' Brands, suggesting ongoing institutional interest. This filing itself doesn't warrant immediate action but confirms a stable ownership structure from a large fund.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Bloomin' Brands, Inc. (company) — the subject company, parent of Outback Steakhouse
- December 31, 2023 (date) — the date of the event requiring the filing
- Amendment No. 11 (number) — the specific amendment number to the Schedule 13G
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 11, filed under Rule 13d-1(b).
Who is the 'reporting person' in this filing?
The reporting person in this filing is BlackRock, Inc., a major asset management company.
What is the 'subject company' of this filing?
The subject company is Bloomin' Brands, Inc., which operates in the RETAIL-EATING PLACES industry (SIC 5812).
What is the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires the filing of this statement is December 31, 2023.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Bloomin' Brands, Inc. is 094235108.
From the Filing
EDGAR Filing Documents for 0001086364-24-001172 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-001172 Filing Date 2024-01-22 Accepted 2024-01-22 15:52:16 Documents 1 Document Format Files Seq Description Document Type Size 1 us0942351083_012224.txt SC 13G/A 11668 Complete submission text file 0001086364-24-001172.txt 13508 Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance) Mailing Address 2202 NORTH WEST SHORE BOULEVARD SUITE 500 TAMPA FL 33607 Business Address 2202 NORTH WEST SHORE BOULEVARD SUITE 500 TAMPA FL 33607 813-282-1225 Bloomin Brands, Inc. (Subject) CIK : 0001546417 (see all company filings) EIN. : 208023465 | State of Incorp.: FL | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-87305 | Film No.: 24548808 SIC : 5812 Retail-Eating Places (CF Office: 07 Trade & Services)