Sei Investments Co. boosted its stake in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 24.0% during the second quarter, Holdings Channel reports. The institutional investor owned 279,592 shares of the restaurant operator’s stock after buying an additional 54,084 shares during the period. Sei Investments Co.’s holdings in Bloomin’ Brands were worth $5,935,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BLMN. Suntrust Banks Inc. increased its position in shares of Bloomin’ Brands by 51.4% in the first quarter. Suntrust Banks Inc. now owns 225,706 shares of the restaurant operator’s stock valued at $4,453,000 after buying an additional 76,600 shares in the last quarter. US Bancorp DE increased its position in shares of Bloomin’ Brands by 0.5% in the first quarter. US Bancorp DE now owns 63,477 shares of the restaurant operator’s stock valued at $1,252,000 after buying an additional 306 shares in the last quarter. First Trust Advisors LP increased its position in shares of Bloomin’ Brands by 149.9% in the first quarter. First Trust Advisors LP now owns 111,227 shares of the restaurant operator’s stock valued at $2,195,000 after buying an additional 66,726 shares in the last quarter. Reinhart Partners Inc. increased its position in shares of Bloomin’ Brands by 2.7% in the first quarter. Reinhart Partners Inc. now owns 145,590 shares of the restaurant operator’s stock valued at $2,872,000 after buying an additional 3,890 shares in the last quarter. Finally, LSV Asset Management increased its position in shares of Bloomin’ Brands by 14.6% in the first quarter. LSV Asset Management now owns 1,734,304 shares of the restaurant operator’s stock valued at $34,217,000 after buying an additional 221,106 shares in the last quarter.

Bloomin’ Brands, Inc. (NASDAQ:BLMN) opened at 17.40 on Wednesday. The firm has a market capitalization of $1.72 billion, a P/E ratio of 19.29 and a beta of 0.72. The stock’s 50 day moving average is $19.58 and its 200 day moving average is $19.49. Bloomin’ Brands, Inc. has a one year low of $15.82 and a one year high of $22.16.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings data on Wednesday, July 26th. The restaurant operator reported $0.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.28. Bloomin’ Brands had a net margin of 2.29% and a return on equity of 74.68%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the firm posted $0.30 EPS. The firm’s revenue was down 4.2% compared to the same quarter last year. On average, equities research analysts predict that Bloomin’ Brands, Inc. will post $1.42 earnings per share for the current fiscal year.

Bloomin’ Brands announced that its board has initiated a share repurchase program on Wednesday, April 26th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the restaurant operator to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Monday, August 7th. Bloomin’ Brands’s dividend payout ratio is currently 35.56%.

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Several research analysts have commented on the stock. BidaskClub downgraded shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research downgraded shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Deutsche Bank AG upped their price target on shares of Bloomin’ Brands from $20.00 to $21.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Morgan Stanley upped their price target on shares of Bloomin’ Brands from $18.00 to $19.00 and gave the stock an “underweight” rating in a report on Friday, April 28th. Finally, TheStreet upgraded shares of Bloomin’ Brands from a “c” rating to a “b” rating in a report on Wednesday, April 26th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $20.86.

Bloomin’ Brands Company Profile

Bloomin’ Brands, Inc is a holding company. The Company owns and operates casual, upscale casual and fine dining restaurants. The Company operates through two segments: U.S. and International. The U.S. segment includes all brands operating in the United States. The International segment includes brands operating outside the United States.

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Institutional Ownership by Quarter for Bloomin` Brands (NASDAQ:BLMN)

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