California State Teachers Retirement System Cuts Stake in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

California State Teachers Retirement System reduced its holdings in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,572 shares of the restaurant operator’s stock after selling 2,155 shares during the period. California State Teachers Retirement System owned about 0.08% of Bloomin’ Brands worth $874,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Headlands Technologies LLC purchased a new stake in shares of Bloomin’ Brands in the 4th quarter valued at approximately $27,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Bloomin’ Brands in the 4th quarter valued at approximately $32,000. Meeder Asset Management Inc. purchased a new stake in shares of Bloomin’ Brands in the 4th quarter valued at approximately $41,000. New Age Alpha Advisors LLC purchased a new stake in shares of Bloomin’ Brands in the 4th quarter valued at approximately $45,000. Finally, State of Wyoming increased its position in shares of Bloomin’ Brands by 99.5% in the 4th quarter. State of Wyoming now owns 10,319 shares of the restaurant operator’s stock valued at $126,000 after purchasing an additional 5,146 shares during the last quarter.

Bloomin’ Brands Stock Down 1.0%

BLMN stock opened at $8.25 on Wednesday. Bloomin’ Brands, Inc. has a one year low of $6.09 and a one year high of $21.45. The stock has a market capitalization of $700.68 million, a PE ratio of -74.99 and a beta of 1.29. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.22 and a current ratio of 0.31. The company has a fifty day moving average of $7.78 and a 200-day moving average of $9.99.

Bloomin’ Brands (NASDAQ:BLMN) last released its earnings results on Wednesday, May 7th. The restaurant operator reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. Bloomin’ Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the business earned $0.70 EPS. The business’s revenue was down 1.8% on a year-over-year basis. As a group, analysts expect that Bloomin’ Brands, Inc. will post 1.8 EPS for the current year.

Bloomin’ Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 7.27%. The ex-dividend date was Tuesday, May 20th. Bloomin’ Brands’s dividend payout ratio (DPR) is -2,000.00%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BLMN. JPMorgan Chase & Co. dropped their target price on shares of Bloomin’ Brands from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Wall Street Zen raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Barclays dropped their target price on shares of Bloomin’ Brands from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 8th. BMO Capital Markets dropped their target price on shares of Bloomin’ Brands from $16.00 to $12.00 and set a “market perform” rating on the stock in a research report on Thursday, February 27th. Finally, The Goldman Sachs Group dropped their target price on shares of Bloomin’ Brands from $13.00 to $10.00 and set a “sell” rating on the stock in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. Based on data from MarketBeat, Bloomin’ Brands currently has an average rating of “Hold” and an average target price of $13.75.

About Bloomin’ Brands

Bloomin’ Brands, Inc engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.