New York State Teachers Retirement System Cuts Stock Position in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

New York State Teachers Retirement System cut its holdings in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 0.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 93,675 shares of the restaurant operator’s stock after selling 610 shares during the quarter. New York State Teachers Retirement System’s holdings in Bloomin’ Brands were worth $2,637,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. California State Teachers Retirement System increased its position in shares of Bloomin’ Brands by 0.5% during the second quarter. California State Teachers Retirement System now owns 106,267 shares of the restaurant operator’s stock worth $2,858,000 after purchasing an additional 487 shares in the last quarter. Advisor Group Holdings Inc. increased its position in shares of Bloomin’ Brands by 6.2% during the first quarter. Advisor Group Holdings Inc. now owns 9,030 shares of the restaurant operator’s stock worth $198,000 after purchasing an additional 525 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Bloomin’ Brands by 31.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,303 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 557 shares in the last quarter. Verdence Capital Advisors LLC increased its position in shares of Bloomin’ Brands by 4.8% during the third quarter. Verdence Capital Advisors LLC now owns 12,250 shares of the restaurant operator’s stock worth $301,000 after purchasing an additional 566 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Bloomin’ Brands by 10.5% during the first quarter. PNC Financial Services Group Inc. now owns 7,339 shares of the restaurant operator’s stock worth $160,000 after purchasing an additional 700 shares in the last quarter.

Bloomin’ Brands Price Performance

BLMN stock opened at $26.79 on Tuesday. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.34 and a quick ratio of 0.27. The firm has a market capitalization of $2.33 billion, a P/E ratio of 10.59 and a beta of 2.00. The business’s 50-day moving average is $27.73 and its two-hundred day moving average is $25.89. Bloomin’ Brands, Inc. has a 1 year low of $22.03 and a 1 year high of $30.13.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings results on Friday, February 23rd. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.20 billion. Bloomin’ Brands had a return on equity of 73.67% and a net margin of 5.30%. Bloomin’ Brands’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.68 EPS. Analysts anticipate that Bloomin’ Brands, Inc. will post 2.55 earnings per share for the current fiscal year.

Bloomin’ Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend was Tuesday, March 5th. Bloomin’ Brands’s dividend payout ratio (DPR) is presently 37.94%.

Analyst Ratings Changes

Several analysts recently commented on the company. Citigroup boosted their price target on Bloomin’ Brands from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Barclays boosted their price objective on Bloomin’ Brands from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, February 26th. BMO Capital Markets boosted their price objective on Bloomin’ Brands from $27.00 to $29.00 and gave the stock a “market perform” rating in a research note on Monday, February 26th. Raymond James boosted their price objective on Bloomin’ Brands from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 3rd. Finally, JPMorgan Chase & Co. lowered Bloomin’ Brands from an “overweight” rating to a “neutral” rating and set a $26.00 price objective on the stock. in a research note on Tuesday, January 23rd. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Bloomin’ Brands has a consensus rating of “Hold” and an average target price of $27.90.

Bloomin’ Brands Company Profile

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.