Flippin Bruce & Porter Inc. cut its position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 3.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 156,674 shares of the restaurant operator’s stock after selling 5,114 shares during the period. Flippin Bruce & Porter Inc. owned 0.16% of Bloomin’ Brands worth $3,326,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Principal Financial Group Inc. raised its position in shares of Bloomin’ Brands by 0.4% in the first quarter. Principal Financial Group Inc. now owns 53,124 shares of the restaurant operator’s stock worth $1,048,000 after buying an additional 202 shares during the period. US Bancorp DE raised 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 worth $1,252,000 after buying an additional 306 shares during the period. SG Americas Securities LLC raised its position in shares of Bloomin’ Brands by 4.8% in the second quarter. SG Americas Securities LLC now owns 9,662 shares of the restaurant operator’s stock worth $205,000 after buying an additional 439 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Bloomin’ Brands by 10.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,144 shares of the restaurant operator’s stock worth $109,000 after buying an additional 476 shares during the period. Finally, Public Employees Retirement System of Ohio raised its position in Bloomin’ Brands by 8.6% in the first quarter. Public Employees Retirement System of Ohio now owns 8,794 shares of the restaurant operator’s stock valued at $174,000 after buying an additional 693 shares during the last quarter.

Shares of Bloomin’ Brands, Inc. (BLMN) opened at 17.13 on Tuesday. Bloomin’ Brands, Inc. has a 1-year low of $15.82 and a 1-year high of $22.16. The stock has a 50 day moving average of $18.78 and a 200 day moving average of $19.48. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 18.99 and a beta of 0.72.

Bloomin’ Brands (NASDAQ:BLMN) last issued its earnings results on Wednesday, July 26th. The restaurant operator reported $0.28 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.28. Bloomin’ Brands had a return on equity of 74.68% and a net margin of 2.29%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the business earned $0.30 EPS. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. Analysts predict that Bloomin’ Brands, Inc. will post $1.42 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Monday, August 7th. Bloomin’ Brands’s dividend payout ratio is 35.56%.

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Several research analysts have issued reports on the stock. BidaskClub lowered shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research upgraded shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Friday, July 28th. TheStreet lowered shares of Bloomin’ Brands from a “b” rating to a “c+” rating in a report on Wednesday, July 26th. Raymond James Financial, Inc. set a $24.00 price target on shares of Bloomin’ Brands and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, Deutsche Bank AG restated a “hold” rating and set a $24.00 price target (up previously from $21.00) on shares of Bloomin’ Brands in a report on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. Bloomin’ Brands has an average rating of “Hold” and an average price target of $20.86.

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.

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

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