Thompson Siegel & Walmsley LLC boosted its position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 11.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 696,090 shares of the restaurant operator’s stock after purchasing an additional 69,882 shares during the quarter. Thompson Siegel & Walmsley LLC owned 0.76% of Bloomin’ Brands worth $12,251,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Stifel Financial Corp grew its holdings in Bloomin’ Brands by 0.9% during the second quarter. Stifel Financial Corp now owns 13,997 shares of the restaurant operator’s stock valued at $297,000 after purchasing an additional 126 shares during the period. Principal Financial Group Inc. grew its holdings in Bloomin’ Brands by 0.4% during the first quarter. Principal Financial Group Inc. now owns 53,124 shares of the restaurant operator’s stock valued at $1,048,000 after purchasing an additional 202 shares during the period. SG Americas Securities LLC grew its holdings in Bloomin’ Brands by 4.8% during the second quarter. SG Americas Securities LLC now owns 9,662 shares of the restaurant operator’s stock valued at $205,000 after purchasing an additional 439 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Bloomin’ Brands by 10.2% during 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. Finally, Oppenheimer Asset Management Inc. grew its holdings in Bloomin’ Brands by 0.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 85,832 shares of the restaurant operator’s stock valued at $1,822,000 after purchasing an additional 515 shares during the period.

In other Bloomin’ Brands news, Chairman Elizabeth A. Smith sold 100,000 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $17.00, for a total transaction of $1,700,000.00. Following the sale, the chairman now directly owns 82,935 shares of the company’s stock, valued at $1,409,895. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Elizabeth A. Smith sold 1,700 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $17.00, for a total transaction of $28,900.00. Following the sale, the chief executive officer now directly owns 82,935 shares in the company, valued at $1,409,895. The disclosure for this sale can be found here. Insiders have sold 126,700 shares of company stock worth $2,240,650 over the last ninety days. Insiders own 7.04% of the company’s stock.

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) traded down $0.71 during mid-day trading on Thursday, hitting $20.12. 2,324,100 shares of the stock were exchanged, compared to its average volume of 1,542,623. The company has a debt-to-equity ratio of 31.17, a quick ratio of 0.29 and a current ratio of 0.36. The company has a market capitalization of $1,901.15, a price-to-earnings ratio of 16.66, a PEG ratio of 1.37 and a beta of 0.54. Bloomin’ Brands, Inc. has a twelve month low of $16.11 and a twelve month high of $22.16.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings data 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 business had revenue of $948.90 million during the quarter, compared to the consensus estimate of $944.30 million. During the same period in the prior year, the firm earned $0.19 EPS. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. equities analysts predict that Bloomin’ Brands, Inc. will post 1.33 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Monday, November 13th were given a dividend of $0.08 per share. This is a positive change from Bloomin’ Brands’s previous quarterly dividend of $0.06. This represents a $0.32 annualized dividend and a yield of 1.59%. The ex-dividend date was Friday, November 10th. Bloomin’ Brands’s dividend payout ratio is 41.56%.

A number of brokerages recently issued reports on BLMN. Zacks Investment Research cut shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. TheStreet lowered shares of Bloomin’ Brands from a “b” rating to a “c+” rating in a research note on Wednesday, July 26th. Bank of America Corporation lowered shares of Bloomin’ Brands from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a research note on Wednesday. Barclays PLC cut 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 note on Wednesday, October 18th. Finally, Credit Suisse Group cut 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 note on Monday, November 6th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $21.00.

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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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