Commonwealth of Pennsylvania Public School Empls Retrmt SYS Grows Stock Holdings in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 6.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 98,675 shares of the restaurant operator’s stock after buying an additional 5,717 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Bloomin’ Brands were worth $2,653,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC boosted its holdings in Bloomin’ Brands by 91.1% in the first quarter. CWM LLC now owns 1,185 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 565 shares during the period. Scissortail Wealth Management LLC purchased a new position in Bloomin’ Brands in the first quarter valued at $1,936,921,000. Signaturefd LLC boosted its holdings in Bloomin’ Brands by 62.0% in the second quarter. Signaturefd LLC now owns 1,291 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 494 shares during the period. Money Concepts Capital Corp purchased a new position in Bloomin’ Brands in the fourth quarter valued at $32,000. Finally, Assetmark Inc. boosted its holdings in Bloomin’ Brands by 65.7% in the first quarter. Assetmark Inc. now owns 2,255 shares of the restaurant operator’s stock valued at $58,000 after purchasing an additional 894 shares during the period.

Bloomin’ Brands Stock Performance

Shares of BLMN opened at $24.05 on Tuesday. The company has a market capitalization of $2.09 billion, a PE ratio of 8.94, a price-to-earnings-growth ratio of 1.55 and a beta of 1.97. Bloomin’ Brands, Inc. has a one year low of $19.97 and a one year high of $28.67. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.28 and a quick ratio of 0.21. The company’s fifty day moving average price is $23.95 and its 200 day moving average price is $25.44.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings results on Friday, November 3rd. The restaurant operator reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. Bloomin’ Brands had a net margin of 5.73% and a return on equity of 79.49%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the business posted $0.35 EPS. The business’s quarterly revenue was up 2.3% on a year-over-year basis. As a group, analysts expect that Bloomin’ Brands, Inc. will post 2.84 earnings per share for the current year.

Bloomin’ Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Tuesday, November 14th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date is Monday, November 13th. Bloomin’ Brands’s dividend payout ratio is presently 35.69%.

Analysts Set New Price Targets

BLMN has been the topic of a number of research analyst reports. Piper Sandler cut their target price on Bloomin’ Brands from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Monday, November 6th. William Blair lowered Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 1st. Deutsche Bank Aktiengesellschaft assumed coverage on Bloomin’ Brands in a research note on Thursday, October 19th. They set a “hold” rating and a $25.00 price target on the stock. Barclays decreased their price target on Bloomin’ Brands from $28.00 to $27.00 and set an “overweight” rating on the stock in a research note on Monday, November 6th. Finally, UBS Group cut their price objective on Bloomin’ Brands from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, November 2nd. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Bloomin’ Brands has an average rating of “Hold” and an average price target of $26.90.

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.