TCW Group Inc. boosted its stake in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 5.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 77,006 shares of the restaurant operator’s stock after acquiring an additional 4,146 shares during the period. TCW Group Inc. owned 0.08% of Bloomin’ Brands worth $1,355,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Bloomin’ Brands by 10.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,144 shares of the restaurant operator’s stock valued at $109,000 after purchasing an additional 476 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Bloomin’ Brands by 83.2% in the second quarter. PNC Financial Services Group Inc. now owns 7,647 shares of the restaurant operator’s stock valued at $162,000 after purchasing an additional 3,472 shares during the period. New York State Teachers Retirement System bought a new stake in shares of Bloomin’ Brands in the third quarter valued at approximately $153,000. Public Employees Retirement System of Ohio raised its position in shares of Bloomin’ Brands by 8.6% in 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. Finally, Parametrica Management Ltd bought a new stake in shares of Bloomin’ Brands in the second quarter valued at approximately $201,000.

In other Bloomin’ Brands news, CEO Elizabeth A. Smith sold 1,700 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $17.00, for a total value of $28,900.00. Following the completion of the transaction, the chief executive officer now owns 82,935 shares of the company’s stock, valued at approximately $1,409,895. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Elizabeth A. Smith sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $17.00, for a total transaction of $1,700,000.00. Following the completion of the transaction, the chairman now directly owns 82,935 shares of the company’s stock, valued at approximately $1,409,895. The disclosure for this sale can be found here. 7.04% of the stock is owned by insiders.

Several analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. TheStreet lowered shares of Bloomin’ Brands from a “b” rating to a “c+” rating in a research report on Wednesday, July 26th. Barclays PLC lowered their price target on shares of Bloomin’ Brands from $23.00 to $22.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 18th. Credit Suisse Group lowered their price target on shares of Bloomin’ Brands from $18.50 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, November 6th. Finally, Raymond James Financial, Inc. set a $24.00 price target on shares of Bloomin’ Brands and gave the company a “buy” rating in a research report on Thursday, July 27th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $21.00.

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Bloomin’ Brands, Inc. (NASDAQ:BLMN) traded up $0.49 during mid-day trading on Friday, reaching $18.27. 1,144,607 shares of the company’s stock were exchanged, compared to its average volume of 1,501,380. The company has a current ratio of 0.36, a quick ratio of 0.29 and a debt-to-equity ratio of 31.17. Bloomin’ Brands, Inc. has a fifty-two week low of $16.11 and a fifty-two week high of $22.16. The stock has a market cap of $1,660.00, a PE ratio of 14.20, a PEG ratio of 1.17 and a beta of 0.54.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings results on Friday, November 3rd. The restaurant operator reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.04). Bloomin’ Brands had a return on equity of 94.30% and a net margin of 1.93%. The company had revenue of $948.90 million during the quarter, compared to analysts’ expectations of $944.30 million. During the same period in the prior year, the firm earned $0.19 EPS. Bloomin’ Brands’s quarterly revenue was down 5.6% on a year-over-year basis. sell-side analysts forecast that Bloomin’ Brands, Inc. will post 1.33 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 13th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Friday, November 10th. This is a boost from Bloomin’ Brands’s previous quarterly dividend of $0.06. Bloomin’ Brands’s payout ratio is currently 41.56%.

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.

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

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