First Trust Advisors LP Has $1.17 Million Holdings in Bloomin’ Brands Inc (BLMN)
First Trust Advisors LP boosted its stake in Bloomin’ Brands Inc (NASDAQ:BLMN) by 142.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 59,278 shares of the restaurant operator’s stock after acquiring an additional 34,788 shares during the quarter. First Trust Advisors LP’s holdings in Bloomin’ Brands were worth $1,173,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of BLMN. Hamel Associates Inc. purchased a new position in Bloomin’ Brands in the 3rd quarter worth approximately $1,692,000. Skylands Capital LLC increased its stake in Bloomin’ Brands by 22.2% in the 3rd quarter. Skylands Capital LLC now owns 202,800 shares of the restaurant operator’s stock worth $4,013,000 after purchasing an additional 36,900 shares during the period. Strs Ohio purchased a new position in Bloomin’ Brands in the 3rd quarter worth approximately $3,760,000. Seven Eight Capital LP increased its stake in Bloomin’ Brands by 82.1% in the 3rd quarter. Seven Eight Capital LP now owns 57,900 shares of the restaurant operator’s stock worth $1,146,000 after purchasing an additional 26,100 shares during the period. Finally, Foundry Partners LLC increased its stake in Bloomin’ Brands by 24.8% in the 3rd quarter. Foundry Partners LLC now owns 744,355 shares of the restaurant operator’s stock worth $14,731,000 after purchasing an additional 147,924 shares during the period. Hedge funds and other institutional investors own 95.57% of the company’s stock.
BLMN opened at $19.19 on Friday. The company has a debt-to-equity ratio of 18.69, a quick ratio of 0.29 and a current ratio of 0.37. Bloomin’ Brands Inc has a 52-week low of $17.97 and a 52-week high of $25.00. The company has a market cap of $1.77 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 1.40 and a beta of 0.22.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 21st. Stockholders of record on Wednesday, November 14th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, November 13th. This represents a $0.36 annualized dividend and a dividend yield of 1.88%. Bloomin’ Brands’s dividend payout ratio (DPR) is presently 26.47%.
In other news, EVP Donagh Herlihy sold 7,581 shares of the business’s stock in a transaction that occurred on Friday, October 5th. The stock was sold at an average price of $20.00, for a total transaction of $151,620.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mindy F. Grossman sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $20.96, for a total value of $167,680.00. Following the transaction, the director now directly owns 9,790 shares in the company, valued at $205,198.40. The disclosure for this sale can be found here. 7.47% of the stock is currently owned by insiders.
BLMN has been the topic of a number of analyst reports. BidaskClub raised Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Saturday, September 8th. BMO Capital Markets cut Bloomin’ Brands from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $28.00 to $21.00 in a research note on Monday, September 24th. Zacks Investment Research raised Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Friday, October 26th. Barclays decreased their price target on Bloomin’ Brands from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Thursday, November 29th. Finally, TheStreet cut Bloomin’ Brands from a “b-” rating to a “c+” rating in a research note on Monday, October 29th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Bloomin’ Brands presently has an average rating of “Hold” and an average price target of $22.78.
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About Bloomin’ Brands
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, an upscale casual seafood restaurant; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.
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