Nisa Investment Advisors LLC Makes New Investment in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Nisa Investment Advisors LLC bought a new position in Bloomin’ Brands, Inc. (NASDAQ:BLMNGet Rating) in the first quarter, HoldingsChannel.com reports. The fund bought 4,135 shares of the restaurant operator’s stock, valued at approximately $91,000.

Other large investors have also added to or reduced their stakes in the company. CWM LLC grew its position in Bloomin’ Brands by 149.3% in the 1st quarter. CWM LLC now owns 1,244 shares of the restaurant operator’s stock worth $27,000 after purchasing an additional 745 shares during the period. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Bloomin’ Brands in the 4th quarter worth approximately $48,000. Point72 Hong Kong Ltd purchased a new position in shares of Bloomin’ Brands during the 4th quarter worth $69,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Bloomin’ Brands during the 4th quarter worth $127,000. Finally, Steph & Co. purchased a new position in shares of Bloomin’ Brands during the 1st quarter worth $163,000.

Analysts Set New Price Targets

BLMN has been the topic of several analyst reports. Morgan Stanley dropped their price target on shares of Bloomin’ Brands from $26.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Monday, July 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $30.00 target price on shares of Bloomin’ Brands in a research note on Friday, April 29th. StockNews.com cut shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a research note on Thursday, July 21st. Barclays decreased their price target on shares of Bloomin’ Brands from $29.00 to $26.00 in a research note on Thursday, June 9th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $36.00 price target on shares of Bloomin’ Brands in a research note on Wednesday, April 13th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $28.00.

Bloomin’ Brands Stock Performance

Shares of NASDAQ:BLMN opened at $20.39 on Friday. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 9.71 and a beta of 1.84. Bloomin’ Brands, Inc. has a 12 month low of $15.89 and a 12 month high of $27.69. The firm’s 50-day moving average is $18.35 and its 200 day moving average is $20.43. The company has a current ratio of 0.29, a quick ratio of 0.22 and a debt-to-equity ratio of 2.42.

Bloomin’ Brands (NASDAQ:BLMNGet Rating) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $1.13 billion. Bloomin’ Brands had a net margin of 5.20% and a return on equity of 131.48%. The firm’s revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 EPS. Research analysts predict that Bloomin’ Brands, Inc. will post 2.45 EPS for the current year.

Bloomin’ Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 25th. Investors of record on Wednesday, May 11th were issued a dividend of $0.14 per share. The ex-dividend date was Tuesday, May 10th. This represents a $0.56 annualized dividend and a yield of 2.75%. Bloomin’ Brands’s payout ratio is 26.67%.

Insider Activity at Bloomin’ Brands

In related news, EVP Kelly Lefferts sold 8,087 shares of the company’s stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $20.82, for a total transaction of $168,371.34. Following the transaction, the executive vice president now directly owns 36,626 shares in the company, valued at approximately $762,553.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.85% of the stock is currently owned by insiders.

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.

See Also

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

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