Federated Hermes Inc. Has $349,000 Stock Holdings in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Federated Hermes Inc. decreased its stake in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 85.9% in the fourth quarter, HoldingsChannel reports. The firm owned 12,413 shares of the restaurant operator’s stock after selling 75,396 shares during the period. Federated Hermes Inc.’s holdings in Bloomin’ Brands were worth $349,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Bloomin’ Brands by 683.2% in 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 during the period. DekaBank Deutsche Girozentrale purchased a new stake in shares of Bloomin’ Brands in the 3rd quarter valued at approximately $32,000. Assetmark Inc. boosted its stake in Bloomin’ Brands by 23.5% in the 3rd quarter. Assetmark Inc. now owns 4,026 shares of the restaurant operator’s stock worth $99,000 after purchasing an additional 765 shares during the period. Signaturefd LLC grew its position in Bloomin’ Brands by 221.2% during the 3rd quarter. Signaturefd LLC now owns 4,147 shares of the restaurant operator’s stock worth $102,000 after purchasing an additional 2,856 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in Bloomin’ Brands during the 3rd quarter valued at $206,000.

Analysts Set New Price Targets

BLMN has been the subject of several recent analyst reports. Barclays raised their target price on Bloomin’ Brands from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. BMO Capital Markets lifted their target price on Bloomin’ Brands from $27.00 to $29.00 and gave the company a “market perform” rating in a research note on Monday, February 26th. Citigroup increased their price target on shares of Bloomin’ Brands from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Finally, JPMorgan Chase & Co. lowered shares of 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Bloomin’ Brands currently has a consensus rating of “Hold” and a consensus price target of $27.90.

Bloomin’ Brands Price Performance

NASDAQ BLMN opened at $25.61 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.34 and a debt-to-equity ratio of 1.89. The stock has a market capitalization of $2.23 billion, a PE ratio of 10.12, a price-to-earnings-growth ratio of 9.65 and a beta of 2.02. Bloomin’ Brands, Inc. has a 12-month low of $22.03 and a 12-month high of $30.13. The company has a 50 day moving average price of $27.66 and a two-hundred day moving average price of $26.16.

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

Bloomin’ Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th were issued a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.96 annualized dividend and a yield of 3.75%. Bloomin’ Brands’s dividend payout ratio (DPR) is currently 37.94%.

Bloomin’ Brands 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.