Rhumbline Advisers Sells 12,563 Shares of Bloomin’ Brands, Inc. $BLMN

Rhumbline Advisers trimmed its holdings in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 5.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 225,530 shares of the restaurant operator’s stock after selling 12,563 shares during the quarter. Rhumbline Advisers owned 0.27% of Bloomin’ Brands worth $1,617,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new stake in shares of Bloomin’ Brands in the fourth quarter valued at approximately $32,000. GAMMA Investing LLC lifted its position in Bloomin’ Brands by 28.9% in 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 during the period. US Bancorp DE lifted its position in Bloomin’ Brands by 505.7% in the first quarter. US Bancorp DE now owns 6,239 shares of the restaurant operator’s stock worth $45,000 after purchasing an additional 5,209 shares during the period. Headlands Technologies LLC lifted its position in Bloomin’ Brands by 294.4% in the first quarter. Headlands Technologies LLC now owns 8,709 shares of the restaurant operator’s stock worth $62,000 after purchasing an additional 6,501 shares during the period. Finally, CWM LLC lifted its position in Bloomin’ Brands by 1,342.4% in the first quarter. CWM LLC now owns 10,602 shares of the restaurant operator’s stock worth $76,000 after purchasing an additional 9,867 shares during the period.

Bloomin’ Brands Stock Performance

Shares of NASDAQ:BLMN opened at $6.81 on Friday. The business has a fifty day moving average of $7.91 and a 200-day moving average of $8.11. The firm has a market cap of $579.33 million, a PE ratio of -136.20 and a beta of 1.23. Bloomin’ Brands, Inc. has a twelve month low of $6.09 and a twelve month high of $17.68. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.35 and a current ratio of 0.43.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings results on Wednesday, August 6th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.05. Bloomin’ Brands had a positive return on equity of 44.03% and a negative net margin of 0.12%.The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $974.69 million. During the same quarter last year, the business earned $0.51 earnings per share. The firm’s quarterly revenue was up .3% compared to the same quarter last year. On average, equities research analysts predict that Bloomin’ Brands, Inc. will post 1.8 EPS for the current fiscal year.

Bloomin’ Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 19th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 8.8%. The ex-dividend date of this dividend was Tuesday, August 19th. Bloomin’ Brands’s dividend payout ratio (DPR) is currently -1,200.00%.

Analysts Set New Price Targets

Several brokerages recently commented on BLMN. The Goldman Sachs Group reduced their target price on Bloomin’ Brands from $8.00 to $6.50 and set a “sell” rating for the company in a research report on Thursday, August 7th. Morgan Stanley raised their target price on Bloomin’ Brands from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Monday, July 14th. BMO Capital Markets reduced their target price on Bloomin’ Brands from $10.00 to $8.00 and set a “market perform” rating for the company in a research report on Thursday, August 7th. JPMorgan Chase & Co. raised their target price 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 dropped their price objective on Bloomin’ Brands from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 6th. Seven analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $9.88.

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.