Barnett & Company Inc. Has $569,000 Stake in Bloomin’ Brands, Inc. (NASDAQ:BLMN)
Barnett & Company Inc. continued to hold its position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,800 shares of the restaurant operator’s stock at the end of the second quarter. Barnett & Company Inc.’s holdings in Bloomin’ Brands were worth $569,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Ameritas Investment Partners Inc. bought a new position in shares of Bloomin’ Brands during the first quarter worth about $173,000. Public Employees Retirement System of Ohio raised its position in shares of Bloomin’ Brands by 8.6% in the first quarter. Public Employees Retirement System of Ohio now owns 8,794 shares of the restaurant operator’s stock worth $174,000 after buying an additional 693 shares during the period. Parametrica Management Ltd bought a new position in shares of Bloomin’ Brands during the second quarter worth about $201,000. MARSHALL WACE ASIA Ltd bought a new position in shares of Bloomin’ Brands during the first quarter worth about $211,000. Finally, Marshall Wace North America L.P. bought a new position in shares of Bloomin’ Brands during the first quarter worth about $211,000. 98.24% of the stock is currently owned by institutional investors and hedge funds.
Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) opened at 17.16 on Friday. The firm has a 50-day moving average of $20.60 and a 200 day moving average of $19.49. Bloomin’ Brands, Inc. has a one year low of $15.82 and a one year high of $22.16. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 19.02 and a beta of 0.72.
Bloomin’ Brands (NASDAQ:BLMN) last posted its earnings results on Wednesday, July 26th. The restaurant operator reported $0.28 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.28. Bloomin’ Brands had a return on equity of 74.68% and a net margin of 2.29%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the firm earned $0.30 earnings per share. The company’s revenue was down 4.2% on a year-over-year basis. Equities research analysts anticipate that Bloomin’ Brands, Inc. will post $1.42 EPS for the current year.
Bloomin’ Brands announced that its board has authorized a share buyback program on Wednesday, April 26th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the restaurant operator to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Monday, August 7th. Bloomin’ Brands’s dividend payout ratio is currently 35.56%.
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A number of equities analysts recently issued reports on BLMN shares. TheStreet raised shares of Bloomin’ Brands from a “c” rating to a “b” rating in a research report on Wednesday, April 26th. BidaskClub lowered shares of Bloomin’ Brands from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Raymond James Financial, Inc. set a $24.00 target price on shares of Bloomin’ Brands and gave the stock a “buy” rating in a research report on Thursday, July 27th. Zacks Investment Research raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Deutsche Bank AG boosted their target price on shares of Bloomin’ Brands from $20.00 to $21.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $20.86.
About Bloomin’ Brands
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.
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