Rye Brook Capital LLC Sells 2,500 Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Rye Brook Capital LLC lessened its stake in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 1.5% in the third quarter, HoldingsChannel reports. The firm owned 164,200 shares of the restaurant operator’s stock after selling 2,500 shares during the period. Bloomin’ Brands makes up approximately 3.9% of Rye Brook Capital LLC’s holdings, making the stock its 11th largest holding. Rye Brook Capital LLC’s holdings in Bloomin’ Brands were worth $2,714,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in BLMN. Headlands Technologies LLC bought a new position in shares of Bloomin’ Brands during the first quarter worth $30,000. EntryPoint Capital LLC grew its holdings in shares of Bloomin’ Brands by 6,454.9% in the first quarter. EntryPoint Capital LLC now owns 3,343 shares of the restaurant operator’s stock valued at $96,000 after purchasing an additional 3,292 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Bloomin’ Brands during the second quarter valued at $111,000. Point72 DIFC Ltd bought a new position in Bloomin’ Brands during the second quarter valued at $169,000. Finally, Bayesian Capital Management LP bought a new stake in shares of Bloomin’ Brands in the 1st quarter worth about $219,000.

Wall Street Analyst Weigh In

Several research firms recently commented on BLMN. Bank of America dropped their price target on Bloomin’ Brands from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday. Deutsche Bank Aktiengesellschaft dropped their target price on Bloomin’ Brands from $26.00 to $19.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Citigroup dropped their price objective on shares of Bloomin’ Brands from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, August 19th. Barclays reduced their target price on shares of Bloomin’ Brands from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Morgan Stanley dropped their price target on shares of Bloomin’ Brands from $26.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Bloomin’ Brands currently has an average rating of “Hold” and a consensus price target of $21.80.

Bloomin’ Brands Stock Up 0.8 %

Shares of Bloomin’ Brands stock traded up $0.13 during trading on Wednesday, hitting $16.12. 56,084 shares of the stock traded hands, compared to its average volume of 1,450,976. The company has a current ratio of 0.35, a quick ratio of 0.26 and a debt-to-equity ratio of 3.46. The stock’s fifty day simple moving average is $16.77 and its 200 day simple moving average is $19.75. The firm has a market cap of $1.39 billion, a P/E ratio of 24.98 and a beta of 2.04. Bloomin’ Brands, Inc. has a 52-week low of $15.14 and a 52-week high of $30.13.

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

Bloomin’ Brands Company 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.