Stevens Capital Management LP purchased a new position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 11,949 shares of the restaurant operator’s stock, valued at approximately $254,000.

A number of other large investors have also recently added to or reduced their stakes in BLMN. First Trust Advisors LP grew its stake in shares of Bloomin’ Brands by 149.9% during the 1st quarter. First Trust Advisors LP now owns 111,227 shares of the restaurant operator’s stock worth $2,195,000 after acquiring an additional 66,726 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of 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 purchasing an additional 15,518 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of 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 purchasing an additional 14,179 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Bloomin’ Brands in the first quarter valued at approximately $173,000. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Bloomin’ Brands by 39.3% in the first quarter. Envestnet Asset Management Inc. now owns 20,939 shares of the restaurant operator’s stock valued at $413,000 after purchasing an additional 5,911 shares during the last quarter.

Shares of Bloomin’ Brands, Inc. (BLMN) opened at 17.60 on Monday. The firm’s 50-day moving average is $17.18 and its 200 day moving average is $19.42. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 19.51 and a beta of 0.65. Bloomin’ Brands, Inc. has a 52-week low of $15.82 and a 52-week high of $22.16.

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, meeting the Zacks’ consensus estimate of $0.28. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.04 billion. Bloomin’ Brands had a return on equity of 74.68% and a net margin of 2.29%. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the company earned $0.30 earnings per share. On average, equities research analysts anticipate that Bloomin’ Brands, Inc. will post $1.42 earnings per share for the current year.

A number of analysts have recently commented on the stock. Zacks Investment Research lowered shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. BidaskClub downgraded shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Raymond James Financial, Inc. set a $24.00 target price on shares of Bloomin’ Brands and gave the company a “buy” rating in a research report on Thursday, July 27th. TheStreet lowered shares of Bloomin’ Brands from a “b” rating to a “c+” rating in a research note on Wednesday, July 26th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $19.00 price target on shares of Bloomin’ Brands in a research note on Thursday, August 31st. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $20.63.

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Bloomin’ Brands 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.

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

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