Arizona State Retirement System Has $617,000 Position in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Arizona State Retirement System lowered its holdings in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 11.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,913 shares of the restaurant operator’s stock after selling 2,942 shares during the period. Arizona State Retirement System’s holdings in Bloomin’ Brands were worth $617,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. acquired a new stake in Bloomin’ Brands during the third quarter worth $28,000. EverSource Wealth Advisors LLC boosted its stake in Bloomin’ Brands by 683.2% during the third quarter. EverSource Wealth Advisors LLC now owns 1,261 shares of the restaurant operator’s stock worth $31,000 after buying an additional 1,100 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Bloomin’ Brands during the third quarter worth $32,000. Money Concepts Capital Corp acquired a new stake in Bloomin’ Brands during the fourth quarter worth $32,000. Finally, Rockefeller Capital Management L.P. boosted its stake in 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 buying an additional 557 shares in the last quarter.

Analyst Ratings Changes

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

Bloomin’ Brands Stock Up 0.0 %

Shares of NASDAQ BLMN opened at $27.04 on Friday. The firm’s 50-day simple moving average is $27.73 and its 200 day simple moving average is $25.92. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 10.69 and a beta of 2.00. The company has a quick ratio of 0.27, a current ratio of 0.34 and a debt-to-equity ratio of 1.89. Bloomin’ Brands, Inc. has a 12-month low of $22.03 and a 12-month high of $30.13.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings results on Friday, February 23rd. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.06. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.20 billion. Bloomin’ Brands had a net margin of 5.30% and a return on equity of 73.67%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 EPS. On average, research analysts expect that Bloomin’ Brands, Inc. will post 2.55 earnings per share for the current fiscal year.

Bloomin’ Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.96 annualized dividend and a yield of 3.55%. Bloomin’ Brands’s dividend payout ratio is currently 37.94%.

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.