Bloomin’ Brands, Inc. (NASDAQ:BLMN) Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd lessened its holdings in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 45.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 73,115 shares of the restaurant operator’s stock after selling 59,909 shares during the quarter. WINTON GROUP Ltd owned about 0.08% of Bloomin’ Brands worth $1,406,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the business. Rye Brook Capital LLC increased its stake in shares of Bloomin’ Brands by 0.3% during the first quarter. Rye Brook Capital LLC now owns 247,700 shares of the restaurant operator’s stock worth $7,104,000 after buying an additional 700 shares during the period. SummerHaven Investment Management LLC lifted its stake in Bloomin’ Brands by 2.6% during the second quarter. SummerHaven Investment Management LLC now owns 27,857 shares of the restaurant operator’s stock worth $536,000 after purchasing an additional 718 shares during the last quarter. AdvisorShares Investments LLC raised its holdings in Bloomin’ Brands by 21.9% during the fourth quarter. AdvisorShares Investments LLC now owns 5,014 shares of the restaurant operator’s stock worth $141,000 after purchasing an additional 900 shares in the last quarter. Texas Permanent School Fund Corp grew its holdings in shares of Bloomin’ Brands by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 75,979 shares of the restaurant operator’s stock worth $2,179,000 after purchasing an additional 1,017 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Bloomin’ Brands in the 1st quarter valued at about $30,000.

Analyst Upgrades and Downgrades

BLMN has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Bloomin’ Brands from $26.00 to $19.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. BMO Capital Markets lowered their target price on shares of Bloomin’ Brands from $27.00 to $20.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 7th. JPMorgan Chase & Co. lowered their price target on Bloomin’ Brands from $26.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, May 28th. Barclays cut their price target on Bloomin’ Brands from $30.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, August 7th. Finally, Citigroup lowered their price target on shares of Bloomin’ Brands from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, August 19th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $22.33.

Bloomin’ Brands Stock Up 5.1 %

BLMN stock opened at $16.74 on Monday. The company has a market capitalization of $1.42 billion, a P/E ratio of 26.16 and a beta of 2.05. The firm has a 50 day simple moving average of $17.82 and a 200-day simple moving average of $22.03. The company has a current ratio of 0.35, a quick ratio of 0.26 and a debt-to-equity ratio of 3.46. Bloomin’ Brands, Inc. has a twelve month low of $15.20 and a twelve month high of $30.13.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.07). The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.13 billion. Bloomin’ Brands had a net margin of 0.70% and a return on equity of 61.90%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.74 earnings per share. On average, equities research analysts predict that Bloomin’ Brands, Inc. will post 2.08 earnings per share for the current fiscal year.

Bloomin’ Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 20th were given a dividend of $0.24 per share. The ex-dividend date was Tuesday, August 20th. This represents a $0.96 annualized dividend and a dividend yield of 5.73%. Bloomin’ Brands’s dividend payout ratio is currently 150.00%.

Bloomin’ Brands Profile

Bloomin' Brands, Inc, through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. The company operates through two segments, U.S. and International. Its restaurant portfolio has four concepts, including Outback Steakhouse, a casual steakhouse restaurant; Carrabba's Italian Grill, a casual Italian restaurant; Bonefish Grill; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.