Bloomin’ Brands, Inc. (NASDAQ:BLMN) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its stake in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 9.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,100 shares of the restaurant operator’s stock after selling 1,000 shares during the period. New York State Teachers Retirement System’s holdings in Bloomin’ Brands were worth $180,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Guggenheim Capital LLC increased its stake in shares of Bloomin’ Brands by 18.7% in the fourth quarter. Guggenheim Capital LLC now owns 41,843 shares of the restaurant operator’s stock valued at $754,000 after buying an additional 6,597 shares during the last quarter. Teachers Advisors LLC increased its stake in Bloomin’ Brands by 4.2% in the fourth quarter. Teachers Advisors LLC now owns 200,324 shares of the restaurant operator’s stock worth $3,612,000 after buying an additional 8,067 shares in the last quarter. Integrated Investment Consultants LLC increased its stake in Bloomin’ Brands by 20.1% in the first quarter. Integrated Investment Consultants LLC now owns 9,007 shares of the restaurant operator’s stock worth $178,000 after buying an additional 1,507 shares in the last quarter. Foundry Partners LLC increased its stake in Bloomin’ Brands by 127.4% in the first quarter. Foundry Partners LLC now owns 588,737 shares of the restaurant operator’s stock worth $11,616,000 after buying an additional 329,855 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in Bloomin’ Brands by 28.9% in the first quarter. Bank of Montreal Can now owns 34,482 shares of the restaurant operator’s stock worth $680,000 after buying an additional 7,730 shares in the last quarter.

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) traded up 0.69% on Friday, hitting $17.43. The company’s stock had a trading volume of 742,418 shares. The stock’s 50-day moving average price is $19.87 and its 200-day moving average price is $19.45. Bloomin’ Brands, Inc. has a 52 week low of $15.82 and a 52 week high of $22.16. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 19.32 and a beta of 0.72.

Bloomin’ Brands (NASDAQ:BLMN) last released its earnings results on Wednesday, July 26th. The restaurant operator reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.04 billion. Bloomin’ Brands had a return on equity of 74.68% and a net margin of 2.29%. Bloomin’ Brands’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 EPS. Equities analysts expect that Bloomin’ Brands, Inc. will post $1.42 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Monday, August 7th. Bloomin’ Brands’s dividend payout ratio (DPR) is currently 35.56%.

Bloomin’ Brands announced that its board has initiated a stock repurchase program on Wednesday, April 26th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the restaurant operator to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

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A number of equities research analysts have weighed in on the stock. BidaskClub downgraded shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. TheStreet downgraded shares of Bloomin’ Brands from a “b” rating to a “c+” rating in a research note on Wednesday, July 26th. Raymond James Financial, Inc. set a $24.00 price target on shares of Bloomin’ Brands and gave the stock a “buy” rating in a research note on Thursday, July 27th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $24.00 price target (up previously from $21.00) on shares of Bloomin’ Brands in a research note on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $20.86.

About Bloomin’ Brands

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.

Institutional Ownership by Quarter for Bloomin` Brands (NASDAQ:BLMN)

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