Rhumbline Advisers Sells 12,563 Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Rhumbline Advisers reduced its position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 5.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 225,530 shares of the restaurant operator’s stock after selling 12,563 shares during the quarter. Rhumbline Advisers owned about 0.27% of Bloomin’ Brands worth $1,617,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on BLMN shares. Wall Street Zen raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. JPMorgan Chase & Co. cut their price target on Bloomin’ Brands from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. BMO Capital Markets lowered their price objective on Bloomin’ Brands from $16.00 to $12.00 and set a “market perform” rating for the company in a research note on Thursday, February 27th. The Goldman Sachs Group dropped their target price on Bloomin’ Brands from $13.00 to $10.00 and set a “sell” rating on the stock in a report on Thursday, February 27th. Finally, UBS Group cut their target price on Bloomin’ Brands from $13.00 to $8.50 and set a “neutral” rating on the stock in a research report on Monday, May 5th. Two equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to data from MarketBeat.com, Bloomin’ Brands currently has an average rating of “Hold” and a consensus target price of $13.75.

Bloomin’ Brands Stock Performance

Shares of BLMN opened at $9.34 on Wednesday. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 2.38. The company has a market capitalization of $793.25 million, a price-to-earnings ratio of -311.23 and a beta of 1.29. The stock has a 50 day moving average of $8.00 and a 200 day moving average of $9.80. Bloomin’ Brands, Inc. has a 12 month low of $6.09 and a 12 month high of $21.45.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings data on Wednesday, May 7th. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Bloomin’ Brands had a positive return on equity of 55.08% and a negative net margin of 0.05%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the company earned $0.70 EPS. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, sell-side analysts forecast that Bloomin’ Brands, Inc. will post 1.8 earnings per share for the current year.

Bloomin’ Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 6.42%. The ex-dividend date was Tuesday, May 20th. Bloomin’ Brands’s dividend payout ratio is -2,000.00%.

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.