Teachers Retirement System of The State of Kentucky lowered its stake in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 10.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,037 shares of the restaurant operator’s stock after selling 6,609 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.06% of Bloomin’ Brands worth $1,232,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in Bloomin’ Brands by 36,253.0% in the 1st quarter. BlackRock Inc. now owns 7,091,374 shares of the restaurant operator’s stock worth $139,913,000 after buying an additional 7,071,867 shares during the period. Vanguard Group Inc. increased its holdings in Bloomin’ Brands by 11.2% in the 1st quarter. Vanguard Group Inc. now owns 11,991,871 shares of the restaurant operator’s stock worth $236,600,000 after buying an additional 1,203,463 shares during the period. Earnest Partners LLC increased its holdings in Bloomin’ Brands by 37.9% in the 1st quarter. Earnest Partners LLC now owns 3,911,225 shares of the restaurant operator’s stock worth $77,168,000 after buying an additional 1,074,463 shares during the period. Prudential Financial Inc. increased its holdings in Bloomin’ Brands by 94.8% in the 2nd quarter. Prudential Financial Inc. now owns 1,124,340 shares of the restaurant operator’s stock worth $23,870,000 after buying an additional 547,210 shares during the period. Finally, Bank of America Corp DE increased its holdings in Bloomin’ Brands by 33.7% in the 1st quarter. Bank of America Corp DE now owns 1,373,358 shares of the restaurant operator’s stock worth $27,096,000 after buying an additional 346,282 shares during the period.

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Shares of Bloomin’ Brands, Inc. (BLMN) opened at 17.56 on Monday. The firm has a 50-day moving average price of $17.16 and a 200 day moving average price of $19.34. Bloomin’ Brands, Inc. has a 52-week low of $15.82 and a 52-week high of $22.16. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 19.47 and a beta of 0.65.

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

Several brokerages recently weighed in on BLMN. Zacks Investment Research downgraded shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. TheStreet downgraded shares of Bloomin’ Brands from a “b” rating to a “c+” rating in a report on Wednesday, July 26th. Deutsche Bank AG reiterated 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. BidaskClub downgraded shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Raymond James Financial, Inc. set a $24.00 price target on shares of Bloomin’ Brands and gave the stock a “buy” rating in a report on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $20.63.

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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