Principal Financial Group Inc. lowered its stake in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN – Get Rating) by 2.5% in the fourth quarter, HoldingsChannel reports. The fund owned 1,560,785 shares of the restaurant operator’s stock after selling 39,518 shares during the quarter. Principal Financial Group Inc.’s holdings in Bloomin’ Brands were worth $32,746,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of BLMN. Swiss National Bank increased its stake in shares of Bloomin’ Brands by 1.0% during the 3rd quarter. Swiss National Bank now owns 176,800 shares of the restaurant operator’s stock valued at $4,420,000 after acquiring an additional 1,800 shares during the last quarter. First Horizon Advisors Inc. increased its position in Bloomin’ Brands by 421.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 782 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 632 shares in the last quarter. Barclays PLC increased its position in Bloomin’ Brands by 22.2% during the 3rd quarter. Barclays PLC now owns 429,176 shares of the restaurant operator’s stock worth $10,729,000 after purchasing an additional 77,968 shares in the last quarter. Teacher Retirement System of Texas increased its position in Bloomin’ Brands by 31.8% during the 3rd quarter. Teacher Retirement System of Texas now owns 12,793 shares of the restaurant operator’s stock worth $320,000 after purchasing an additional 3,086 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in Bloomin’ Brands by 20.5% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 6,785 shares of the restaurant operator’s stock worth $170,000 after purchasing an additional 1,155 shares in the last quarter.
A number of analysts recently issued reports on the stock. Zacks Investment Research raised shares of Bloomin’ Brands from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Wednesday, May 4th. Morgan Stanley dropped their target price on shares of Bloomin’ Brands from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Thursday, April 14th. StockNews.com raised shares of Bloomin’ Brands from a “hold” rating to a “buy” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Bloomin’ Brands in a research report on Friday, April 29th. Finally, Raymond James increased their price objective on shares of Bloomin’ Brands from $28.00 to $30.00 and gave the company a “strong-buy” rating in a research report on Tuesday, February 22nd. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $28.82.
Bloomin’ Brands stock opened at $21.53 on Friday. The stock has a market cap of $1.91 billion, a P/E ratio of 10.25 and a beta of 1.79. The company has a current ratio of 0.29, a quick ratio of 0.22 and a debt-to-equity ratio of 2.42. The stock has a 50 day moving average of $21.43 and a 200-day moving average of $21.09. Bloomin’ Brands, Inc. has a 52 week low of $17.29 and a 52 week high of $30.40.
Bloomin’ Brands (NASDAQ:BLMN – Get Rating) last released its earnings results on Friday, April 29th. The restaurant operator reported $0.80 EPS for the quarter, beating the consensus estimate of $0.74 by $0.06. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Bloomin’ Brands had a return on equity of 131.48% and a net margin of 5.20%. The business’s revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 EPS. As a group, equities analysts predict that Bloomin’ Brands, Inc. will post 2.5 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 25th. Stockholders of record on Wednesday, May 11th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Tuesday, May 10th. Bloomin’ Brands’s dividend payout ratio (DPR) is currently 26.67%.
Bloomin’ Brands Company Profile (Get Rating)
Bloomin' Brands, Inc, through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. The company operates through two segments, U.S. and International. Its restaurant portfolio has four concepts, including Outback Steakhouse, a casual steakhouse restaurant; Carrabba's Italian Grill, a casual Italian restaurant; Bonefish Grill; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.
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