Great West Life Assurance Co. Can Has $273,000 Holdings in Bloomin’ Brands, Inc. (BLMN)
Great West Life Assurance Co. Can maintained its position in Bloomin’ Brands, Inc. (NASDAQ:BLMN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,891 shares of the restaurant operator’s stock at the close of the 2nd quarter. Great West Life Assurance Co. Can’s holdings in Bloomin’ Brands were worth $273,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Ameritas Investment Partners Inc. purchased a new stake in shares of Bloomin’ Brands during the first quarter worth $173,000. Public Employees Retirement System of Ohio increased its position 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 worth $174,000 after acquiring an additional 693 shares during the period. Parametrica Management Ltd purchased a new stake in shares of Bloomin’ Brands during the second quarter worth $201,000. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Bloomin’ Brands during the first quarter worth $211,000. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Bloomin’ Brands during the first quarter worth $211,000.
A number of analysts have recently weighed in on BLMN shares. TheStreet lowered Bloomin’ Brands from a “b” rating to a “c+” rating in a research report on Wednesday, July 26th. Zacks Investment Research lowered Bloomin’ Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. ValuEngine lowered Bloomin’ Brands from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Deutsche Bank AG reissued a “hold” rating and issued a $24.00 target price (up previously from $21.00) on shares of Bloomin’ Brands in a report on Monday, July 10th. Finally, Wells Fargo & Company lowered Bloomin’ Brands from an “outperform” rating to a “market perform” rating and set a $22.00 target price on the stock. in a report on Friday, May 19th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. Bloomin’ Brands currently has a consensus rating of “Hold” and a consensus price target of $20.63.
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Bloomin’ Brands, Inc. (NASDAQ:BLMN) opened at 17.25 on Wednesday. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 19.12 and a beta of 0.73. The company has a 50-day moving average price of $17.48 and a 200 day moving average price of $19.42. Bloomin’ Brands, Inc. has a 12-month low of $15.82 and a 12-month high of $22.16.
Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings results on Wednesday, July 26th. The restaurant operator reported $0.28 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.28. Bloomin’ Brands had a net margin of 2.29% and a return on equity of 74.68%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the firm posted $0.30 EPS. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. On average, equities research analysts predict that Bloomin’ Brands, Inc. will post $1.42 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Monday, August 7th. Bloomin’ Brands’s dividend payout ratio (DPR) is 35.56%.
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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