California Public Employees Retirement System grew its holdings in Bloomin' Brands Inc (NASDAQ:BLMN) by 17.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 106,467 shares of the restaurant operator’s stock after purchasing an additional 16,195 shares during the period. California Public Employees Retirement System owned about 0.12% of Bloomin' Brands worth $2,272,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Public Employees Retirement Association of Colorado acquired a new position in shares of Bloomin' Brands in the 4th quarter valued at about $118,000. Cipher Capital LP increased its holdings in Bloomin' Brands by 35.4% in the third quarter. Cipher Capital LP now owns 30,512 shares of the restaurant operator’s stock worth $537,000 after buying an additional 7,976 shares during the last quarter. Legal & General Group Plc increased its holdings in Bloomin' Brands by 7.7% in the third quarter. Legal & General Group Plc now owns 117,396 shares of the restaurant operator’s stock worth $2,069,000 after buying an additional 8,429 shares during the last quarter. SG Americas Securities LLC increased its holdings in Bloomin' Brands by 100.0% in the third quarter. SG Americas Securities LLC now owns 19,320 shares of the restaurant operator’s stock worth $340,000 after buying an additional 9,658 shares during the last quarter. Finally, Boothbay Fund Management LLC acquired a new position in Bloomin' Brands in the third quarter worth approximately $181,000. Institutional investors own 98.49% of the company’s stock.

How to Become a New Pot Stock Millionaire

In other Bloomin' Brands news, EVP Michael Kappitt sold 22,473 shares of the stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $23.32, for a total transaction of $524,070.36. Following the transaction, the executive vice president now owns 5,076 shares in the company, valued at $118,372.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP David Peter Schmidt sold 3,500 shares of the stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $22.50, for a total value of $78,750.00. Following the transaction, the executive vice president now owns 7,916 shares in the company, valued at approximately $178,110. The disclosure for this sale can be found here. In the last quarter, insiders have sold 475,124 shares of company stock worth $11,263,021. Corporate insiders own 7.47% of the company’s stock.

Bloomin' Brands Inc (NASDAQ:BLMN) opened at $23.70 on Friday. Bloomin' Brands Inc has a twelve month low of $16.11 and a twelve month high of $24.85. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 22.07. The company has a market capitalization of $2,245.25, a P/E ratio of 24.18, a price-to-earnings-growth ratio of 1.74 and a beta of 0.44.

Bloomin' Brands (NASDAQ:BLMN) last announced its quarterly earnings results on Thursday, February 22nd. The restaurant operator reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. Bloomin' Brands had a return on equity of 133.73% and a net margin of 2.38%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. equities research analysts forecast that Bloomin' Brands Inc will post 1.42 EPS for the current year.

Bloomin' Brands declared that its Board of Directors has approved a stock repurchase plan on Thursday, February 22nd that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the restaurant operator to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 14th. Shareholders of record on Monday, March 5th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Friday, March 2nd. This is an increase from Bloomin' Brands’s previous quarterly dividend of $0.08. Bloomin' Brands’s dividend payout ratio (DPR) is 36.73%.

A number of equities analysts recently commented on BLMN shares. BidaskClub downgraded Bloomin' Brands from a “hold” rating to a “sell” rating in a report on Friday, January 19th. Zacks Investment Research upgraded Bloomin' Brands from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Goldman Sachs restated a “sell” rating on shares of Bloomin' Brands in a report on Friday, January 19th. Raymond James Financial downgraded Bloomin' Brands from an “outperform” rating to a “market perform” rating and set a $24.00 price objective on the stock. in a report on Wednesday, December 6th. Finally, Barclays restated an “overweight” rating and issued a $25.00 price objective (up previously from $21.00) on shares of Bloomin' Brands in a report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. Bloomin' Brands has an average rating of “Hold” and a consensus price target of $22.78.

TRADEMARK VIOLATION WARNING: “California Public Employees Retirement System Raises Stake in Bloomin' Brands Inc (BLMN)” was published by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://www.watchlistnews.com/california-public-employees-retirement-system-raises-stake-in-bloomin-brands-inc-blmn/1959120.html.

About Bloomin' Brands

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.

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

Receive News & Ratings for Bloomin' Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bloomin' Brands and related companies with MarketBeat.com's FREE daily email newsletter.