Rye Brook Capital LLC Sells 2,500 Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Rye Brook Capital LLC lowered its position in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 1.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 164,200 shares of the restaurant operator’s stock after selling 2,500 shares during the quarter. Bloomin’ Brands comprises approximately 3.9% of Rye Brook Capital LLC’s portfolio, making the stock its 11th largest holding. Rye Brook Capital LLC owned approximately 0.19% of Bloomin’ Brands worth $2,714,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Headlands Technologies LLC purchased a new position in Bloomin’ Brands in the 1st quarter worth approximately $30,000. EntryPoint Capital LLC raised its position in Bloomin’ Brands by 6,454.9% during the first quarter. EntryPoint Capital LLC now owns 3,343 shares of the restaurant operator’s stock valued at $96,000 after purchasing an additional 3,292 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Bloomin’ Brands during the second quarter worth about $111,000. Point72 DIFC Ltd purchased a new position in shares of Bloomin’ Brands in the 2nd quarter worth about $169,000. Finally, Bayesian Capital Management LP bought a new position in shares of Bloomin’ Brands during the 1st quarter valued at about $219,000.

Bloomin’ Brands Stock Up 0.8 %

Shares of NASDAQ:BLMN traded up $0.13 during trading on Wednesday, hitting $16.12. The stock had a trading volume of 56,084 shares, compared to its average volume of 1,450,976. The company has a market capitalization of $1.39 billion, a PE ratio of 24.98 and a beta of 2.04. The company has a quick ratio of 0.26, a current ratio of 0.35 and a debt-to-equity ratio of 3.46. The firm’s fifty day moving average is $16.77 and its 200 day moving average is $19.75. Bloomin’ Brands, Inc. has a 12 month low of $15.14 and a 12 month high of $30.13.

Bloomin’ Brands (NASDAQ:BLMN) last posted 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 return on equity of 61.90% and a net margin of 0.70%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the company posted $0.74 EPS. Bloomin’ Brands’s revenue for the quarter was down 2.9% compared to the same quarter last year. Analysts anticipate that Bloomin’ Brands, Inc. will post 2.08 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on BLMN shares. Citigroup dropped their target price on Bloomin’ Brands from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Monday, August 19th. Barclays reduced their target price on shares of Bloomin’ Brands from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Bloomin’ Brands from $26.00 to $19.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Bank of America decreased their price objective on Bloomin’ Brands from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, UBS Group decreased their price target on Bloomin’ Brands from $26.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $21.80.

Bloomin’ Brands Company Profile

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.