Suntrust Banks Inc. cut its position in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 2.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 220,851 shares of the restaurant operator’s stock after selling 4,855 shares during the period. Suntrust Banks Inc. owned 0.22% of Bloomin’ Brands worth $4,687,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in BLMN. First Trust Advisors LP boosted its position in Bloomin’ Brands by 149.9% in the first quarter. First Trust Advisors LP now owns 111,227 shares of the restaurant operator’s stock valued at $2,195,000 after buying an additional 66,726 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in Bloomin’ Brands by 24.0% in the first quarter. UBS Asset Management Americas Inc. now owns 80,092 shares of the restaurant operator’s stock valued at $1,580,000 after buying an additional 15,518 shares in the last quarter. Sei Investments Co. boosted its position in Bloomin’ Brands by 1.8% in the first quarter. Sei Investments Co. now owns 225,508 shares of the restaurant operator’s stock valued at $4,450,000 after buying an additional 4,060 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in Bloomin’ Brands by 4.7% in the first quarter. Parametric Portfolio Associates LLC now owns 317,690 shares of the restaurant operator’s stock valued at $6,268,000 after buying an additional 14,179 shares in the last quarter. Finally, Oxford Asset Management acquired a new position in Bloomin’ Brands in the first quarter valued at about $1,633,000.

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Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) opened at 17.24 on Monday. The company has a market capitalization of $1.70 billion, a P/E ratio of 19.11 and a beta of 0.73. The company’s 50 day moving average is $17.18 and its 200-day moving average is $19.42. Bloomin’ Brands, Inc. has a 1-year low of $15.82 and a 1-year high of $22.16.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings results on Wednesday, July 26th. The restaurant operator reported $0.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.28. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.04 billion. Bloomin’ Brands had a return on equity of 74.68% and a net margin of 2.29%. Bloomin’ Brands’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.30 earnings per share. On average, equities research analysts forecast that Bloomin’ Brands, Inc. will post $1.42 EPS for the current year.

BLMN has been the topic of a number of research reports. ValuEngine lowered shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Jefferies Group LLC reiterated a “hold” rating and set a $19.00 target price on shares of Bloomin’ Brands in a research report on Thursday, August 31st. BidaskClub lowered shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Finally, TheStreet lowered shares of Bloomin’ Brands from a “b” rating to a “c+” rating in a research report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. Bloomin’ Brands has a consensus rating of “Hold” and a consensus target price of $20.63.

Bloomin’ Brands Company Profile

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.

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

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