Ameriprise Financial Inc. trimmed its position in shares of Bloomin' Brands Inc (NASDAQ:BLMN) by 1.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 416,893 shares of the restaurant operator’s stock after selling 7,060 shares during the quarter. Ameriprise Financial Inc. owned 0.46% of Bloomin' Brands worth $7,336,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in BLMN. Stevens Capital Management LP raised its holdings in shares of Bloomin' Brands by 57.7% during the third quarter. Stevens Capital Management LP now owns 18,849 shares of the restaurant operator’s stock worth $332,000 after acquiring an additional 6,900 shares during the period. Numeric Investors LLC acquired a new stake in shares of Bloomin' Brands during the second quarter worth $4,573,000. Jennison Associates LLC acquired a new stake in shares of Bloomin' Brands during the third quarter worth $620,000. Capital Fund Management S.A. acquired a new stake in shares of Bloomin' Brands during the second quarter worth $1,076,000. Finally, Earnest Partners LLC raised its holdings in shares of Bloomin' Brands by 1.1% during the second 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 during the period.
BLMN has been the topic of a number of research analyst reports. ValuEngine lowered shares of Bloomin' Brands from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Jefferies Group restated a “hold” rating and set a $19.00 price objective on shares of Bloomin' Brands in a report on Thursday, August 31st. Raymond James Financial lowered shares of Bloomin' Brands from an “outperform” rating to a “market perform” rating and set a $24.00 price objective on the stock. in a report on Wednesday, December 6th. Citigroup lowered shares of Bloomin' Brands to a “market perform” rating in a report on Wednesday, December 6th. Finally, Credit Suisse Group dropped their price objective on shares of Bloomin' Brands from $18.50 to $18.00 and set a “neutral” rating on the stock in a report on Monday, November 6th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $21.36.
Shares of Bloomin' Brands Inc (NASDAQ:BLMN) opened at $21.14 on Tuesday. The company has a debt-to-equity ratio of 31.17, a current ratio of 0.36 and a quick ratio of 0.29. Bloomin' Brands Inc has a 52 week low of $16.11 and a 52 week high of $22.47. The stock has a market cap of $1,929.44, a price-to-earnings ratio of 16.91, a price-to-earnings-growth ratio of 1.27 and a beta of 0.65.
Bloomin' Brands (NASDAQ:BLMN) last issued its quarterly earnings results on Friday, November 3rd. The restaurant operator reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.04). Bloomin' Brands had a net margin of 1.93% and a return on equity of 94.30%. The business had revenue of $948.90 million during the quarter, compared to analyst estimates of $944.30 million. During the same quarter in the previous year, the firm posted $0.19 earnings per share. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. equities research analysts anticipate that Bloomin' Brands Inc will post 1.33 earnings per share for the current fiscal year.
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Bloomin' Brands Company 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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