Allspring Global Investments Holdings LLC Buys 1,915 Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Allspring Global Investments Holdings LLC increased its holdings in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMNFree Report) by 8.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,587 shares of the restaurant operator’s stock after purchasing an additional 1,915 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Bloomin’ Brands were worth $676,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of BLMN. Vanguard Group Inc. boosted its holdings in shares of Bloomin’ Brands by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 12,527,385 shares of the restaurant operator’s stock valued at $308,048,000 after buying an additional 175,493 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Bloomin’ Brands by 4.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,509,269 shares of the restaurant operator’s stock valued at $70,637,000 after buying an additional 104,368 shares during the last quarter. Boston Partners boosted its holdings in shares of Bloomin’ Brands by 27.8% in the 4th quarter. Boston Partners now owns 768,963 shares of the restaurant operator’s stock valued at $21,464,000 after buying an additional 167,441 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of Bloomin’ Brands by 6.5% in the 4th quarter. Mutual of America Capital Management LLC now owns 644,653 shares of the restaurant operator’s stock valued at $18,147,000 after buying an additional 39,270 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC boosted its holdings in shares of Bloomin’ Brands by 100.1% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 329,225 shares of the restaurant operator’s stock valued at $9,268,000 after buying an additional 164,656 shares during the last quarter.

Bloomin’ Brands Trading Down 7.4 %

Shares of Bloomin’ Brands stock opened at $16.45 on Wednesday. Bloomin’ Brands, Inc. has a 1 year low of $16.44 and a 1 year high of $30.13. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.33 and a quick ratio of 0.26. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 25.70 and a beta of 2.04. The business has a fifty day simple moving average of $20.96 and a two-hundred day simple moving average of $25.02.

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 analysts’ consensus estimates of $0.75 by ($0.05). Bloomin’ Brands had a return on equity of 65.73% and a net margin of 1.56%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the business posted $0.98 EPS. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. Research analysts forecast that Bloomin’ Brands, Inc. will post 2.44 EPS for the current year.

Bloomin’ Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 20th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date was Friday, May 17th. Bloomin’ Brands’s dividend payout ratio is currently 150.00%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on BLMN shares. JPMorgan Chase & Co. cut their price objective on Bloomin’ Brands from $26.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, May 28th. UBS Group cut their price objective on Bloomin’ Brands from $30.00 to $26.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Barclays cut their price objective on Bloomin’ Brands from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Wednesday, May 8th. Finally, BMO Capital Markets cut their price target on Bloomin’ Brands from $29.00 to $27.00 and set a “market perform” rating for the company in a report on Wednesday, May 8th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $27.30.

View Our Latest Stock Analysis on Bloomin’ Brands

Bloomin’ Brands 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.

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

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