Public Employees Retirement System of Ohio lifted its position in Bloomin’ Brands Inc (NASDAQ:BLMN) by 4.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 137,699 shares of the restaurant operator’s stock after buying an additional 5,623 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.16% of Bloomin’ Brands worth $2,604,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LS Investment Advisors LLC acquired a new position in Bloomin’ Brands in the second quarter valued at about $56,000. New York State Teachers Retirement System purchased a new stake in Bloomin’ Brands in the 1st quarter worth $70,000. Advisor Group Inc. lifted its stake in Bloomin’ Brands by 35.7% in the 2nd quarter. Advisor Group Inc. now owns 7,144 shares of the restaurant operator’s stock worth $135,000 after purchasing an additional 1,881 shares in the last quarter. Riverhead Capital Management LLC purchased a new stake in Bloomin’ Brands in the 2nd quarter worth $144,000. Finally, Tiverton Asset Management LLC purchased a new stake in Bloomin’ Brands in the 2nd quarter worth $146,000.
Bloomin’ Brands stock traded up $0.55 during trading hours on Monday, reaching $20.78. 44,959 shares of the stock were exchanged, compared to its average volume of 1,812,722. The stock has a market cap of $1.68 billion, a P/E ratio of 13.78, a P/E/G ratio of 1.27 and a beta of 0.27. The company has a debt-to-equity ratio of 15.18, a quick ratio of 0.21 and a current ratio of 0.30. Bloomin’ Brands Inc has a 52-week low of $15.12 and a 52-week high of $22.22. The firm’s 50 day moving average is $17.16 and its 200 day moving average is $18.91.
Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings results on Wednesday, July 31st. The restaurant operator reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.01. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.04 billion. Bloomin’ Brands had a net margin of 2.62% and a return on equity of 105.54%. The business’s revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.36 EPS. Equities research analysts expect that Bloomin’ Brands Inc will post 1.58 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Monday, August 12th were issued a $0.10 dividend. The ex-dividend date was Friday, August 9th. This represents a $0.40 annualized dividend and a yield of 1.92%. Bloomin’ Brands’s payout ratio is 26.67%.
BLMN has been the topic of several recent research reports. ValuEngine cut shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a research report on Monday, July 8th. Zacks Investment Research raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Monday, July 15th. Deutsche Bank initiated coverage on shares of Bloomin’ Brands in a research note on Friday, June 28th. They issued a “buy” rating and a $24.00 price target on the stock. BMO Capital Markets raised shares of Bloomin’ Brands from an “underperform” rating to a “market perform” rating and boosted their price target for the company from $17.00 to $19.00 in a research note on Thursday, September 5th. Finally, Guggenheim raised shares of Bloomin’ Brands from a “neutral” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Friday, May 24th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $21.80.
About Bloomin’ Brands
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, an upscale casual seafood restaurant; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.
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