Bloomin’ Brands, Inc. (NASDAQ:BLMN) Holdings Lowered by WINTON GROUP Ltd

WINTON GROUP Ltd trimmed its position in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 45.0% in the second quarter, HoldingsChannel.com reports. The firm owned 73,115 shares of the restaurant operator’s stock after selling 59,909 shares during the quarter. WINTON GROUP Ltd’s holdings in Bloomin’ Brands were worth $1,406,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Headlands Technologies LLC acquired a new stake in Bloomin’ Brands during the first quarter valued at approximately $30,000. TFO Wealth Partners LLC grew its stake in Bloomin’ Brands by 284,000.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,841 shares of the restaurant operator’s stock valued at $80,000 after acquiring an additional 2,840 shares in the last quarter. EntryPoint Capital LLC boosted its stake in shares of Bloomin’ Brands by 6,454.9% during the 1st quarter. EntryPoint Capital LLC now owns 3,343 shares of the restaurant operator’s stock valued at $96,000 after buying an additional 3,292 shares during the period. AdvisorShares Investments LLC grew its holdings in shares of Bloomin’ Brands by 21.9% during the 4th quarter. AdvisorShares Investments LLC now owns 5,014 shares of the restaurant operator’s stock valued at $141,000 after acquiring an additional 900 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in shares of Bloomin’ Brands by 32.0% during the fourth quarter. Assetmark Inc. now owns 5,314 shares of the restaurant operator’s stock worth $150,000 after acquiring an additional 1,288 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price target on Bloomin’ Brands from $26.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, May 28th. Deutsche Bank Aktiengesellschaft dropped their price objective on Bloomin’ Brands from $26.00 to $19.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Citigroup lowered their price objective on shares of Bloomin’ Brands from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Monday, August 19th. StockNews.com lowered shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Finally, UBS Group decreased their target price on Bloomin’ Brands from $26.00 to $18.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Bloomin’ Brands presently has a consensus rating of “Hold” and a consensus price target of $22.33.

Bloomin’ Brands Stock Up 5.1 %

Shares of NASDAQ:BLMN opened at $16.74 on Monday. The company has a 50 day moving average of $17.82 and a 200-day moving average of $22.03. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.35 and a quick ratio of 0.26. Bloomin’ Brands, Inc. has a one year low of $15.20 and a one year high of $30.13. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 26.16 and a beta of 2.05.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.07). Bloomin’ Brands had a net margin of 0.70% and a return on equity of 61.90%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the firm posted $0.74 EPS. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, sell-side analysts forecast that Bloomin’ Brands, Inc. will post 2.08 earnings per share for the current year.

Bloomin’ Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 20th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 5.73%. The ex-dividend date of this dividend was Tuesday, August 20th. Bloomin’ Brands’s payout ratio is currently 150.00%.

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; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.