The Manufacturers Life Insurance Company lowered its holdings in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 4.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,423 shares of the restaurant operator’s stock after selling 3,462 shares during the period. The Manufacturers Life Insurance Company owned about 0.08% of Bloomin’ Brands worth $1,643,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Bloomin’ Brands by 10.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,144 shares of the restaurant operator’s stock valued at $109,000 after acquiring an additional 476 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Bloomin’ Brands by 83.2% during the second quarter. PNC Financial Services Group Inc. now owns 7,647 shares of the restaurant operator’s stock valued at $162,000 after acquiring an additional 3,472 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of Bloomin’ Brands by 8.6% during 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 acquiring an additional 693 shares during the period. Parametrica Management Ltd bought a new position in shares of Bloomin’ Brands during the second quarter valued at $201,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Bloomin’ Brands by 4.8% during the second quarter. SG Americas Securities LLC now owns 9,662 shares of the restaurant operator’s stock valued at $205,000 after acquiring an additional 439 shares during the period.

Bloomin’ Brands, Inc. (NASDAQ BLMN) opened at $16.53 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 10.69. Bloomin’ Brands, Inc. has a twelve month low of $16.11 and a twelve month high of $22.16. The stock has a market capitalization of $1,546.11, a PE ratio of 13.55, a P/E/G ratio of 1.04 and a beta of 0.54.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings results on Friday, November 3rd. The restaurant operator reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.04). Bloomin’ Brands had a net margin of 1.93% and a return on equity of 75.75%. The business had revenue of $948.90 million during the quarter, compared to the consensus estimate of $944.30 million. During the same period in the prior year, the firm earned $0.19 earnings per share. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. research analysts predict that Bloomin’ Brands, Inc. will post 1.33 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, November 13th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.94%. This is a boost from Bloomin’ Brands’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Friday, November 10th. Bloomin’ Brands’s payout ratio is currently 41.56%.

A number of research analysts have issued reports on BLMN shares. BidaskClub cut Bloomin’ Brands from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Raymond James Financial, Inc. set a $24.00 price objective on Bloomin’ Brands and gave the company a “buy” rating in a report on Thursday, July 27th. TheStreet cut Bloomin’ Brands from a “b” rating to a “c+” rating in a report on Wednesday, July 26th. Zacks Investment Research raised Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $19.00 price objective on shares of Bloomin’ Brands in a report on Thursday, August 31st. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. Bloomin’ Brands currently has an average rating of “Hold” and an average price target of $21.00.

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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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