Bloomin’ Brands, Inc. (NASDAQ:BLMN) Holdings Boosted by Rye Brook Capital LLC

Rye Brook Capital LLC boosted its position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 6.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 247,000 shares of the restaurant operator’s stock after purchasing an additional 14,500 shares during the period. Bloomin’ Brands accounts for 3.6% of Rye Brook Capital LLC’s investment portfolio, making the stock its 8th biggest holding. Rye Brook Capital LLC’s holdings in Bloomin’ Brands were worth $6,953,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BLMN. California State Teachers Retirement System grew its holdings in shares of Bloomin’ Brands by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 106,267 shares of the restaurant operator’s stock valued at $2,858,000 after acquiring an additional 487 shares in the last quarter. Advisor Group Holdings Inc. grew its holdings in shares of Bloomin’ Brands by 6.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 9,030 shares of the restaurant operator’s stock valued at $198,000 after acquiring an additional 525 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Bloomin’ Brands by 31.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,303 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 557 shares in the last quarter. Verdence Capital Advisors LLC boosted its holdings in Bloomin’ Brands by 4.8% in the third quarter. Verdence Capital Advisors LLC now owns 12,250 shares of the restaurant operator’s stock worth $301,000 after purchasing an additional 566 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Bloomin’ Brands by 10.5% in the first quarter. PNC Financial Services Group Inc. now owns 7,339 shares of the restaurant operator’s stock worth $160,000 after purchasing an additional 700 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BLMN shares. Citigroup upped their price objective on shares of Bloomin’ Brands from $25.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Barclays increased their price target on shares of Bloomin’ Brands from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. BMO Capital Markets increased their price target on shares of Bloomin’ Brands from $27.00 to $29.00 and gave the stock a “market perform” rating in a research report on Monday, February 26th. JPMorgan Chase & Co. lowered shares of Bloomin’ Brands from an “overweight” rating to a “neutral” rating and set a $26.00 price target for the company. in a research report on Tuesday, January 23rd. Finally, Raymond James increased their price target on shares of Bloomin’ Brands from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 3rd. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $27.90.

Bloomin’ Brands Price Performance

Shares of BLMN traded up $0.28 during mid-day trading on Monday, hitting $26.79. 1,117,970 shares of the company traded hands, compared to its average volume of 1,301,801. Bloomin’ Brands, Inc. has a one year low of $22.03 and a one year high of $30.13. The company has a current ratio of 0.34, a quick ratio of 0.27 and a debt-to-equity ratio of 1.89. The business has a 50-day moving average of $27.73 and a 200 day moving average of $25.89. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 10.59 and a beta of 2.00.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings results on Friday, February 23rd. The restaurant operator reported $0.75 EPS for the quarter, beating the consensus estimate of $0.69 by $0.06. Bloomin’ Brands had a net margin of 5.30% and a return on equity of 73.67%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the firm earned $0.68 earnings per share. Bloomin’ Brands’s revenue was up 9.1% compared to the same quarter last year. As a group, equities analysts expect that Bloomin’ Brands, Inc. will post 2.55 earnings per share for the current fiscal year.

Bloomin’ Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th were issued a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.96 annualized dividend and a yield of 3.58%. Bloomin’ Brands’s dividend payout ratio is currently 37.94%.

Bloomin’ Brands 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.