Nisa Investment Advisors LLC Boosts Stake in Bloomin’ Brands, Inc. $BLMN

Nisa Investment Advisors LLC increased its position in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 6,111.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,620 shares of the restaurant operator’s stock after acquiring an additional 40,950 shares during the period. Nisa Investment Advisors LLC’s holdings in Bloomin’ Brands were worth $358,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of BLMN. GAMMA Investing LLC grew its holdings in shares of 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 acquiring an additional 1,414 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Bloomin’ Brands in the first quarter worth $151,000. Teacher Retirement System of Texas bought a new stake in shares of Bloomin’ Brands in the first quarter worth $80,000. Mutual Advisors LLC bought a new stake in shares of Bloomin’ Brands in the first quarter worth $748,000. Finally, Principal Financial Group Inc. increased its stake in shares of Bloomin’ Brands by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 376,681 shares of the restaurant operator’s stock worth $2,701,000 after purchasing an additional 9,197 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Bloomin’ Brands in a report on Wednesday, October 8th. BMO Capital Markets cut their price target on Bloomin’ Brands from $10.00 to $8.00 and set a “market perform” rating for the company in a report on Thursday, August 7th. Zacks Research lowered Bloomin’ Brands from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. Barclays cut their price target on Bloomin’ Brands from $9.00 to $7.00 and set an “equal weight” rating for the company in a report on Wednesday, August 6th. Finally, The Goldman Sachs Group cut their price target on Bloomin’ Brands from $8.00 to $6.50 and set a “sell” rating for the company in a report on Thursday, August 7th. Seven investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $9.88.

Bloomin’ Brands Price Performance

Shares of Bloomin’ Brands stock opened at $6.83 on Monday. The stock has a 50 day moving average of $7.24 and a 200 day moving average of $8.03. Bloomin’ Brands, Inc. has a 12 month low of $6.09 and a 12 month high of $17.57. The firm has a market cap of $581.01 million, a PE ratio of -136.60 and a beta of 1.27. The company has a current ratio of 0.43, a quick ratio of 0.35 and a debt-to-equity ratio of 2.29.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings data 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. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $974.69 million. Bloomin’ Brands had a positive return on equity of 44.03% and a negative net margin of 0.12%.The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the company earned $0.51 EPS. On average, research analysts expect that Bloomin’ Brands, Inc. will post 1.8 EPS for the current fiscal year.

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.