SG Americas Securities LLC Cuts Position in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

SG Americas Securities LLC reduced its holdings in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 95.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,872 shares of the restaurant operator’s stock after selling 76,792 shares during the period. SG Americas Securities LLC’s holdings in Bloomin’ Brands were worth $109,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of Bloomin’ Brands by 13.0% during the 1st quarter. BlackRock Inc. now owns 15,152,121 shares of the restaurant operator’s stock valued at $332,436,000 after buying an additional 1,747,152 shares in the last quarter. Vanguard Group Inc. raised its position in Bloomin’ Brands by 1.4% during the third quarter. Vanguard Group Inc. now owns 12,527,385 shares of the restaurant operator’s stock worth $308,048,000 after acquiring an additional 175,493 shares during the period. Clearbridge Investments LLC lifted its holdings in Bloomin’ Brands by 171.3% during the first quarter. Clearbridge Investments LLC now owns 5,626,195 shares of the restaurant operator’s stock valued at $123,439,000 after purchasing an additional 3,552,591 shares in the last quarter. State Street Corp grew its position in shares of Bloomin’ Brands by 4.4% in the third quarter. State Street Corp now owns 3,228,458 shares of the restaurant operator’s stock valued at $59,178,000 after purchasing an additional 136,714 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Bloomin’ Brands by 8.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,642,016 shares of the restaurant operator’s stock valued at $67,768,000 after purchasing an additional 196,152 shares during the period.

Bloomin’ Brands Trading Up 0.0 %

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

Bloomin’ Brands (NASDAQ:BLMN) last posted its earnings results on Friday, February 23rd. The restaurant operator reported $0.75 earnings per share for the quarter, beating the consensus estimate 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 net margin of 5.30% and a return on equity of 73.67%. Bloomin’ Brands’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 EPS. As a group, equities analysts predict that Bloomin’ Brands, Inc. will post 2.55 earnings per share for the current year.

Bloomin’ Brands Announces Dividend

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

Wall Street Analyst Weigh In

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