Bloomin’ Brands, Inc. (NASDAQ:BLMN) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its stake in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 6.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,032 shares of the restaurant operator’s stock after selling 1,350 shares during the quarter. Amalgamated Bank’s holdings in Bloomin’ Brands were worth $151,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC purchased a new stake in shares of Bloomin’ Brands in the fourth quarter worth about $27,000. Public Employees Retirement System of Ohio purchased a new position in Bloomin’ Brands during the fourth quarter worth approximately $32,000. Meeder Asset Management Inc. purchased a new position in Bloomin’ Brands during the fourth quarter worth approximately $41,000. New Age Alpha Advisors LLC purchased a new position in Bloomin’ Brands during the fourth quarter worth approximately $45,000. Finally, GAMMA Investing LLC boosted its position in Bloomin’ Brands by 28.9% during the first quarter. GAMMA Investing LLC now owns 6,304 shares of the restaurant operator’s stock worth $45,000 after purchasing an additional 1,414 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on BLMN shares. UBS Group lowered their price target 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. JPMorgan Chase & Co. increased their price target on Bloomin’ Brands from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 25th. Finally, Barclays lowered their price target on 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. Two equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $13.85.

Bloomin’ Brands Price Performance

BLMN stock opened at $10.03 on Friday. The business has a fifty day moving average of $8.56 and a two-hundred day moving average of $9.44. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 2.38. The stock has a market cap of $851.85 million, a price-to-earnings ratio of -334.22 and a beta of 1.32. Bloomin’ Brands, Inc. has a 52-week low of $6.09 and a 52-week high of $21.45.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly 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 positive return on equity of 55.08% and a negative net margin of 0.05%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the business posted $0.70 earnings per share. The company’s quarterly revenue was down 1.8% on a year-over-year basis. As a group, research analysts anticipate that Bloomin’ Brands, Inc. will post 1.8 earnings per share for the current year.

Bloomin’ Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.60 dividend on an annualized basis and a yield of 5.98%. Bloomin’ Brands’s dividend payout ratio (DPR) is presently -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.