Maverick Capital Ltd. bought a new stake in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 143,410 shares of the restaurant operator’s stock, valued at approximately $3,045,000. Maverick Capital Ltd. owned 0.15% of Bloomin’ Brands as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in BLMN. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Bloomin’ Brands by 10.2% during the 2nd 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. grew its position in shares of Bloomin’ Brands by 83.2% during the 2nd 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. Ameritas Investment Partners Inc. bought a new position in shares of Bloomin’ Brands during the 1st quarter valued at approximately $173,000. Public Employees Retirement System of Ohio grew its position in shares of Bloomin’ Brands by 8.6% during the 1st 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. Finally, Parametrica Management Ltd bought a new position in shares of Bloomin’ Brands during the 2nd quarter valued at approximately $201,000.

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A number of research firms have recently weighed in on BLMN. BidaskClub downgraded shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Deutsche Bank AG reissued a “hold” rating and set a $24.00 target price (up from $21.00) on shares of Bloomin’ Brands in a research report on Monday, July 10th. Raymond James Financial, Inc. set a $24.00 target price on shares of Bloomin’ Brands and gave the company a “buy” rating in a research report on Thursday, July 27th. TheStreet downgraded shares of Bloomin’ Brands from a “b” rating to a “c+” rating in a research report on Wednesday, July 26th. Finally, Zacks Investment Research raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $20.63.

Bloomin’ Brands, Inc. (NASDAQ:BLMN) traded up 1.15% on Friday, reaching $17.53. 251,058 shares of the company traded hands. The stock’s 50-day moving average is $17.16 and its 200-day moving average is $19.35. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 19.43 and a beta of 0.65. Bloomin’ Brands, Inc. has a 1-year low of $15.82 and a 1-year high of $22.16.

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

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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