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

New York State Teachers Retirement System cut its stake in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 9.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in BLMN. First Trust Advisors LP raised its stake in shares of Bloomin’ Brands by 149.9% in the first quarter. First Trust Advisors LP now owns 111,227 shares of the restaurant operator’s stock worth $2,195,000 after buying an additional 66,726 shares during the last quarter. Reinhart Partners Inc. raised its stake in shares of Bloomin’ Brands by 2.7% in the first quarter. Reinhart Partners Inc. now owns 145,590 shares of the restaurant operator’s stock worth $2,872,000 after buying an additional 3,890 shares during the last quarter. LSV Asset Management raised its stake in shares of Bloomin’ Brands by 14.6% in the first quarter. LSV Asset Management now owns 1,734,304 shares of the restaurant operator’s stock worth $34,217,000 after buying an additional 221,106 shares during the last quarter. OLD National Bancorp IN raised its stake in shares of Bloomin’ Brands by 49.2% in the first quarter. OLD National Bancorp IN now owns 27,917 shares of the restaurant operator’s stock worth $551,000 after buying an additional 9,202 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Bloomin’ Brands by 33.3% in the first quarter. Wells Fargo & Company MN now owns 1,602,171 shares of the restaurant operator’s stock worth $31,611,000 after buying an additional 399,841 shares during the last quarter.

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) opened at 17.74 on Friday. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 19.67 and a beta of 0.72. The stock has a 50 day moving average of $19.29 and a 200 day moving average of $19.47. Bloomin’ Brands, Inc. has a 12-month low of $15.82 and a 12-month high of $22.16.

Bloomin’ Brands (NASDAQ:BLMN) last issued its earnings results on Wednesday, July 26th. The restaurant operator reported $0.28 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.28. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Bloomin’ Brands had a net margin of 2.29% and a return on equity of 74.68%. The firm’s revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 earnings per share. Analysts forecast that Bloomin’ Brands, Inc. will post $1.42 earnings per share for the current year.

Bloomin’ Brands announced that its board has authorized a share 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 buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, August 7th. This represents a $0.32 annualized dividend and a yield of 1.80%. Bloomin’ Brands’s dividend payout ratio (DPR) is 35.56%.

ILLEGAL ACTIVITY NOTICE: This piece of content was published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The correct version of this piece of content can be read at https://www.com-unik.info/2017/08/19/bloomin-brands-inc-nasdaqblmn-stake-decreased-by-new-york-state-teachers-retirement-system-updated-updated.html.

BLMN has been the subject of a number of research analyst reports. TheStreet upgraded shares of Bloomin’ Brands from a “c” rating to a “b” rating in a report on Wednesday, April 26th. BidaskClub lowered shares of Bloomin’ Brands from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Raymond James Financial, Inc. set a $24.00 price objective on shares of Bloomin’ Brands and gave the company a “buy” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Finally, Deutsche Bank AG lifted their price objective on shares of Bloomin’ Brands from $20.00 to $21.00 and gave the company a “hold” rating in a report on Friday, April 28th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. Bloomin’ Brands currently has an average rating of “Hold” and an average 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)

What are top analysts saying about Bloomin' Brands Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Bloomin' Brands Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit