Farther Finance Advisors LLC Reduces Holdings in Bloomin’ Brands, Inc. $BLMN

Farther Finance Advisors LLC decreased its holdings in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 54.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 13,275 shares of the restaurant operator’s stock after selling 16,087 shares during the period. Farther Finance Advisors LLC’s holdings in Bloomin’ Brands were worth $114,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of BLMN. Public Employees Retirement System of Ohio purchased a new stake in shares of Bloomin’ Brands during the fourth quarter worth about $32,000. GAMMA Investing LLC lifted its holdings in Bloomin’ Brands by 824.3% in the first quarter. GAMMA Investing LLC now owns 45,200 shares of the restaurant operator’s stock valued at $324,000 after acquiring an additional 40,310 shares during the period. Harbor Capital Advisors Inc. increased its position in shares of Bloomin’ Brands by 3,497.9% in the first quarter. Harbor Capital Advisors Inc. now owns 18,565 shares of the restaurant operator’s stock valued at $133,000 after buying an additional 18,049 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Bloomin’ Brands in the first quarter valued at approximately $382,000. Finally, Rye Brook Capital LLC increased its position in shares of Bloomin’ Brands by 7.2% during the first quarter. Rye Brook Capital LLC now owns 179,700 shares of the restaurant operator’s stock worth $1,288,000 after purchasing an additional 12,000 shares in the last quarter.

Bloomin’ Brands Stock Performance

NASDAQ BLMN opened at $7.43 on Friday. The stock has a market cap of $632.07 million, a price-to-earnings ratio of -148.60 and a beta of 1.27. The company has a quick ratio of 0.35, a current ratio of 0.43 and a debt-to-equity ratio of 2.29. Bloomin’ Brands, Inc. has a fifty-two week low of $6.09 and a fifty-two week high of $17.57. The business has a fifty day moving average of $7.34 and a 200-day moving average of $8.01.

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

Bloomin’ Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date of this dividend was Tuesday, August 19th. Bloomin’ Brands’s payout ratio is -1,200.00%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BLMN shares. The Goldman Sachs Group dropped their target price on Bloomin’ Brands from $8.00 to $6.50 and set a “sell” rating for the company in a report on Thursday, August 7th. JPMorgan Chase & Co. increased their price target on Bloomin’ Brands from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Wednesday, June 25th. BMO Capital Markets dropped their price objective on Bloomin’ Brands from $10.00 to $8.00 and set a “market perform” rating on the stock in a report on Thursday, August 7th. Weiss Ratings restated a “sell (d+)” rating on shares of Bloomin’ Brands in a research note on Saturday, September 27th. Finally, Morgan Stanley lifted their target price on Bloomin’ Brands from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Monday, July 14th. Seven analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, Bloomin’ Brands currently has an average rating of “Reduce” and an average target price of $9.88.

Bloomin’ Brands Company Profile

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.