Rothschild Asset Management Inc. raised its holdings in Bloomin' Brands Inc (NASDAQ:BLMN) by 6.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,509,523 shares of the restaurant operator’s stock after purchasing an additional 91,224 shares during the quarter. Rothschild Asset Management Inc. owned 1.65% of Bloomin' Brands worth $26,568,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. BlackRock Inc. raised its position in shares of Bloomin' Brands by 36,253.0% in the 1st quarter. BlackRock Inc. now owns 7,091,374 shares of the restaurant operator’s stock worth $139,913,000 after acquiring an additional 7,071,867 shares in the last quarter. Earnest Partners LLC raised its position in shares of Bloomin' Brands by 1.1% in the 2nd quarter. Earnest Partners LLC now owns 3,955,188 shares of the restaurant operator’s stock worth $83,969,000 after acquiring an additional 43,963 shares in the last quarter. State Street Corp raised its position in shares of Bloomin' Brands by 2.3% in the 2nd quarter. State Street Corp now owns 2,163,384 shares of the restaurant operator’s stock worth $45,931,000 after acquiring an additional 48,043 shares in the last quarter. LSV Asset Management raised its position in shares of Bloomin' Brands by 14.3% in the 2nd quarter. LSV Asset Management now owns 1,981,805 shares of the restaurant operator’s stock worth $42,073,000 after acquiring an additional 247,501 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Bloomin' Brands by 94.8% in the 2nd quarter. Prudential Financial Inc. now owns 1,124,340 shares of the restaurant operator’s stock worth $23,870,000 after acquiring an additional 547,210 shares in the last quarter.
Bloomin' Brands Inc (BLMN) traded down $0.02 during trading on Thursday, hitting $21.71. 815,027 shares of the stock traded hands, compared to its average volume of 1,536,215. The company has a market capitalization of $2,030.00, a PE ratio of 17.94, a P/E/G ratio of 1.35 and a beta of 0.64. Bloomin' Brands Inc has a 52-week low of $16.11 and a 52-week high of $22.47. The company has a current ratio of 0.36, a quick ratio of 0.29 and a debt-to-equity ratio of 31.17.
Bloomin' Brands (NASDAQ:BLMN) last released its quarterly earnings results on Friday, November 3rd. The restaurant operator reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.04). The firm had revenue of $948.90 million during the quarter, compared to the consensus estimate of $944.30 million. Bloomin' Brands had a return on equity of 94.30% and a net margin of 1.93%. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.19 EPS. equities research analysts forecast that Bloomin' Brands Inc will post 1.33 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, November 13th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Friday, November 10th. This is a boost from Bloomin' Brands’s previous quarterly dividend of $0.06. Bloomin' Brands’s dividend payout ratio is currently 41.56%.
Several research analysts have recently weighed in on the company. Raymond James Financial lowered Bloomin' Brands from an “outperform” rating to a “market perform” rating and set a $24.00 price objective for the company. in a research report on Wednesday. Zacks Investment Research lowered Bloomin' Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Citigroup lowered Bloomin' Brands to a “market perform” rating in a research report on Wednesday. BMO Capital Markets decreased their target price on Bloomin' Brands from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Monday, November 6th. Finally, Barclays cut their price target on Bloomin' Brands from $23.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, October 18th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $21.00.
In other Bloomin' Brands news, EVP David J. Deno sold 41,097 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $22.00, for a total transaction of $904,134.00. Following the completion of the sale, the executive vice president now directly owns 15,135 shares in the company, valued at $332,970. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Christopher W. Brandt sold 25,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $20.47, for a total transaction of $511,750.00. Following the sale, the executive vice president now owns 4,416 shares of the company’s stock, valued at $90,395.52. The disclosure for this sale can be found here. In the last three months, insiders sold 167,797 shares of company stock worth $3,144,784. 7.04% of the stock is owned by insiders.
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Bloomin' Brands Profile
Bloomin’ Brands, Inc is a holding company. The Company owns and operates casual, upscale casual and fine dining restaurants. The Company operates through two segments: U.S. and International. The U.S. segment includes all brands operating in the United States. The International segment includes brands operating outside the United States.
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