GSA Capital Partners LLP grew its position in shares of Bloomin’ Brands Inc (NASDAQ:BLMN) by 3.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 94,948 shares of the restaurant operator’s stock after buying an additional 3,063 shares during the quarter. GSA Capital Partners LLP owned 0.10% of Bloomin’ Brands worth $1,908,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in BLMN. Royal Bank of Canada increased its holdings in shares of Bloomin’ Brands by 48.3% in the 1st quarter. Royal Bank of Canada now owns 8,274 shares of the restaurant operator’s stock valued at $201,000 after purchasing an additional 2,693 shares in the last quarter. Rothschild Asset Management Inc. increased its holdings in shares of Bloomin’ Brands by 0.8% in the 2nd quarter. Rothschild Asset Management Inc. now owns 1,454,071 shares of the restaurant operator’s stock valued at $29,227,000 after purchasing an additional 11,534 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Bloomin’ Brands by 33.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 112,760 shares of the restaurant operator’s stock valued at $2,738,000 after purchasing an additional 28,546 shares in the last quarter. Reinhart Partners Inc. increased its holdings in shares of Bloomin’ Brands by 5.2% in the 2nd quarter. Reinhart Partners Inc. now owns 151,620 shares of the restaurant operator’s stock valued at $3,048,000 after purchasing an additional 7,530 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Bloomin’ Brands by 8.6% in the 1st quarter. Principal Financial Group Inc. now owns 71,656 shares of the restaurant operator’s stock valued at $1,740,000 after purchasing an additional 5,690 shares in the last quarter. Institutional investors own 98.07% of the company’s stock.

In other Bloomin’ Brands news, CEO Elizabeth A. Smith sold 100,000 shares of the firm’s stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $22.18, for a total transaction of $2,218,000.00. Following the sale, the chief executive officer now directly owns 244,152 shares of the company’s stock, valued at approximately $5,415,291.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David Peter Schmidt sold 3,500 shares of the firm’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $19.17, for a total transaction of $67,095.00. Following the sale, the executive vice president now directly owns 4,828 shares in the company, valued at $92,552.76. The disclosure for this sale can be found here. Insiders have sold a total of 690,331 shares of company stock worth $14,734,802 over the last ninety days. 7.47% of the stock is owned by corporate insiders.

A number of equities analysts have recently issued reports on the stock. ValuEngine downgraded shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. Bank of America cut their price target on shares of Bloomin’ Brands from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, July 31st. Wells Fargo & Co cut their price target on shares of Bloomin’ Brands from $22.00 to $21.00 and set a “market perform” rating for the company in a report on Tuesday, July 31st. BidaskClub cut shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a research note on Saturday, July 28th. Finally, Barclays increased their price objective on shares of Bloomin’ Brands from $28.00 to $29.00 and gave the company a “$21.25” rating in a research note on Wednesday, July 18th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Bloomin’ Brands currently has a consensus rating of “Hold” and a consensus target price of $24.00.

Shares of NASDAQ BLMN opened at $19.26 on Wednesday. Bloomin’ Brands Inc has a 52 week low of $16.11 and a 52 week high of $25.00. The stock has a market capitalization of $1.77 billion, a P/E ratio of 11.79, a price-to-earnings-growth ratio of 1.47 and a beta of 0.38. The company has a debt-to-equity ratio of 12.18, a quick ratio of 0.32 and a current ratio of 0.39.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings results on Monday, July 30th. The restaurant operator reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.08. Bloomin’ Brands had a net margin of 2.70% and a return on equity of 215.75%. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the company earned $0.27 EPS. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. equities research analysts expect that Bloomin’ Brands Inc will post 1.44 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 22nd. Shareholders of record on Thursday, August 9th were paid a dividend of $0.09 per share. The ex-dividend date was Wednesday, August 8th. This represents a $0.36 annualized dividend and a dividend yield of 1.87%. Bloomin’ Brands’s dividend payout ratio is currently 26.47%.

About Bloomin’ Brands

Bloomin' Brands, Inc, through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. The company operates through two segments, U.S. and International. Its restaurant portfolio has four concepts, including Outback Steakhouse, a casual steakhouse restaurant; Carrabba's Italian Grill, a casual Italian restaurant; Bonefish Grill, an upscale casual seafood restaurant; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.

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

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