Assetmark Inc. Purchases 1,288 Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Assetmark Inc. grew its position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMNFree Report) by 32.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,314 shares of the restaurant operator’s stock after buying an additional 1,288 shares during the quarter. Assetmark Inc.’s holdings in Bloomin’ Brands were worth $150,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake 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 buying an additional 175,493 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Bloomin’ Brands by 4.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,509,269 shares of the restaurant operator’s stock valued at $70,637,000 after purchasing an additional 104,368 shares during the last quarter. Invesco Ltd. grew its stake in shares of Bloomin’ Brands by 6.5% during the third quarter. Invesco Ltd. now owns 1,411,410 shares of the restaurant operator’s stock valued at $34,707,000 after purchasing an additional 86,272 shares during the last quarter. Boston Partners grew its stake in shares of Bloomin’ Brands by 27.8% during the fourth quarter. Boston Partners now owns 768,963 shares of the restaurant operator’s stock valued at $21,464,000 after purchasing an additional 167,441 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its stake in shares of Bloomin’ Brands by 6.5% during the fourth quarter. Mutual of America Capital Management LLC now owns 644,653 shares of the restaurant operator’s stock valued at $18,147,000 after purchasing an additional 39,270 shares during the last quarter.

Bloomin’ Brands Trading Up 0.4 %

BLMN opened at $21.03 on Friday. The firm’s fifty day moving average is $25.49 and its two-hundred day moving average is $26.07. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.26 and a current ratio of 0.33. The firm has a market cap of $1.82 billion, a PE ratio of 32.86 and a beta of 2.02. Bloomin’ Brands, Inc. has a twelve month low of $20.53 and a twelve month high of $30.13.

Bloomin’ Brands (NASDAQ:BLMNGet Free Report) last posted its earnings results on Tuesday, May 7th. The restaurant operator reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.05). The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. Bloomin’ Brands had a return on equity of 65.73% and a net margin of 1.56%. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the business posted $0.98 earnings per share. Equities research analysts anticipate that Bloomin’ Brands, Inc. will post 2.46 EPS for the current year.

Bloomin’ Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 20th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 4.56%. The ex-dividend date of this dividend is Friday, May 17th. Bloomin’ Brands’s dividend payout ratio is 150.00%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Barclays decreased their price target on shares of Bloomin’ Brands from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. JPMorgan Chase & Co. decreased their price target on shares of Bloomin’ Brands from $26.00 to $24.00 and set a “neutral” rating on the stock in a research note on Tuesday. BMO Capital Markets cut their price objective on shares of Bloomin’ Brands from $29.00 to $27.00 and set a “market perform” rating on the stock in a report on Wednesday, May 8th. UBS Group cut their price objective on shares of Bloomin’ Brands from $30.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Finally, Citigroup increased their price objective on shares of Bloomin’ Brands from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Bloomin’ Brands has a consensus rating of “Hold” and an average target price of $27.30.

View Our Latest Stock Analysis on Bloomin’ Brands

Bloomin’ Brands Company Profile

(Free Report)

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.

Further Reading

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

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