Rhumbline Advisers decreased its holdings in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 8.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 110,066 shares of the restaurant operator’s stock after selling 10,586 shares during the period. Rhumbline Advisers owned approximately 0.11% of Bloomin’ Brands worth $2,337,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BLMN. Ameritas Investment Partners Inc. purchased a new stake in shares of Bloomin’ Brands during the first quarter valued at approximately $173,000. Public Employees Retirement System of Ohio raised its stake 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 purchasing an additional 693 shares during the period. Parametrica Management Ltd purchased a new stake in shares of Bloomin’ Brands during the second quarter valued at approximately $201,000. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Bloomin’ Brands during the first quarter valued at approximately $211,000. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Bloomin’ Brands during the first quarter valued at approximately $211,000.

Shares of Bloomin’ Brands, Inc. (BLMN) opened at 17.56 on Thursday. The firm has a market cap of $1.74 billion, a P/E ratio of 19.47 and a beta of 0.73. The stock’s 50 day moving average is $17.38 and its 200-day moving average is $19.42. Bloomin’ Brands, Inc. has a 52-week low of $15.82 and a 52-week high of $22.16.

Bloomin’ Brands (NASDAQ:BLMN) last posted 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 firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the company earned $0.30 EPS. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. Equities analysts anticipate that Bloomin’ Brands, Inc. will post $1.42 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, August 7th. This represents a $0.32 annualized dividend and a yield of 1.82%. Bloomin’ Brands’s dividend payout ratio (DPR) is currently 35.56%.

A number of research firms have recently issued reports on BLMN. BidaskClub lowered shares of Bloomin’ Brands from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Raymond James Financial, Inc. set a $24.00 price objective on shares of Bloomin’ Brands and gave the company a “buy” rating in a research note on Thursday, July 27th. Jefferies Group LLC reiterated a “hold” rating and set a $19.00 price objective on shares of Bloomin’ Brands in a research note on Thursday, August 31st. Wells Fargo & Company lowered shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating and set a $22.00 price objective on the stock. in a research note on Friday, May 19th. Finally, ValuEngine lowered shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $20.63.

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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.

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

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