Martingale Asset Management L P reduced its stake in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 0.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,900 shares of the restaurant operator’s stock after selling 1 shares during the quarter. Martingale Asset Management L P owned about 0.31% of Bloomin’ Brands worth $6,452,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Lazard Asset Management LLC increased its stake in Bloomin’ Brands by 4.5% in the first quarter. Lazard Asset Management LLC now owns 1,198,517 shares of the restaurant operator’s stock valued at $23,646,000 after purchasing an additional 52,138 shares during the period. TCW Group Inc. boosted its holdings in shares of Bloomin’ Brands by 118.7% in the first quarter. TCW Group Inc. now owns 78,191 shares of the restaurant operator’s stock valued at $1,543,000 after acquiring an additional 42,436 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of Bloomin’ Brands by 2.2% in the first quarter. Prudential Financial Inc. now owns 577,130 shares of the restaurant operator’s stock valued at $11,387,000 after acquiring an additional 12,490 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Bloomin’ Brands by 4.9% in the first quarter. Legal & General Group Plc now owns 116,837 shares of the restaurant operator’s stock valued at $2,305,000 after acquiring an additional 5,407 shares in the last quarter. Finally, MARSHALL WACE ASIA Ltd purchased a new stake in shares of Bloomin’ Brands in the first quarter valued at about $211,000.

Bloomin’ Brands, Inc. (NASDAQ:BLMN) opened at 17.25 on Wednesday. Bloomin’ Brands, Inc. has a 1-year low of $15.82 and a 1-year high of $22.16. The company has a market capitalization of $1.71 billion, a P/E ratio of 19.12 and a beta of 0.73. The firm’s 50-day moving average is $17.48 and its 200-day moving average is $19.42.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings data on Wednesday, July 26th. The restaurant operator reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.04 billion. Bloomin’ Brands had a net margin of 2.29% and a return on equity of 74.68%. Bloomin’ Brands’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the company posted $0.30 earnings per share. Equities research analysts predict that Bloomin’ Brands, Inc. will post $1.42 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, August 7th. This represents a $0.32 annualized dividend and a dividend yield of 1.86%. Bloomin’ Brands’s payout ratio is 35.56%.

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BLMN has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Wells Fargo & Company downgraded shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating and set a $22.00 price target on the stock. in a report on Friday, May 19th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $24.00 price target (up previously from $21.00) on shares of Bloomin’ Brands in a report on Monday, July 10th. ValuEngine downgraded shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub lowered shares of Bloomin’ Brands from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $20.63.

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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