Deprince Race & Zollo Inc. trimmed its position in shares of Bloomin’ Brands Inc (NASDAQ:BLMN) by 90.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,268 shares of the restaurant operator’s stock after selling 634,370 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in Bloomin’ Brands were worth $1,391,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Point72 Hong Kong Ltd acquired a new position in shares of Bloomin’ Brands during the second quarter worth about $149,000. Cerebellum GP LLC grew its position in Bloomin’ Brands by 77.9% during the second quarter. Cerebellum GP LLC now owns 8,208 shares of the restaurant operator’s stock worth $165,000 after buying an additional 3,594 shares during the period. Royal Bank of Canada grew its position in Bloomin’ Brands by 48.3% during the first quarter. Royal Bank of Canada now owns 8,274 shares of the restaurant operator’s stock worth $201,000 after buying an additional 2,693 shares during the period. LPL Financial LLC acquired a new position in Bloomin’ Brands during the first quarter worth about $230,000. Finally, Summit Trail Advisors LLC grew its position in Bloomin’ Brands by 40.1% during the first quarter. Summit Trail Advisors LLC now owns 11,919 shares of the restaurant operator’s stock worth $106,000 after buying an additional 3,410 shares during the period. Institutional investors and hedge funds own 97.30% of the company’s stock.

BLMN stock opened at $19.67 on Friday. The company has a market capitalization of $1.89 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 1.57 and a beta of 0.32. Bloomin’ Brands Inc has a 12 month low of $16.30 and a 12 month high of $25.00. The company has a current ratio of 0.39, a quick ratio of 0.32 and a debt-to-equity ratio of 12.18.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings results on Monday, July 30th. The restaurant operator reported $0.38 EPS for the quarter, beating the consensus estimate of $0.30 by $0.08. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.05 billion. Bloomin’ Brands had a net margin of 2.70% and a return on equity of 215.75%. The company’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 earnings per share. Equities analysts anticipate that Bloomin’ Brands Inc will post 1.43 EPS for the current fiscal year.

BLMN has been the topic of several recent analyst reports. Goldman Sachs Group upgraded shares of Bloomin’ Brands from a “sell” rating to a “neutral” rating and set a $18.00 target price on the stock in a research report on Tuesday, September 11th. Raymond James upgraded shares of Bloomin’ Brands from a “market perform” rating to an “outperform” rating and set a $25.00 target price on the stock in a research report on Tuesday, July 17th. BMO Capital Markets lowered shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $28.00 to $21.00 in a research report on Monday, September 24th. BidaskClub upgraded shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Saturday, September 8th. Finally, Bank of America lowered their target price on shares of Bloomin’ Brands from $25.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 31st. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. Bloomin’ Brands currently has a consensus rating of “Hold” and an average price target of $22.67.

In other news, Chairman Elizabeth A. Smith sold 152,587 shares of the stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $18.45, for a total value of $2,815,230.15. Following the sale, the chairman now directly owns 394,152 shares in the company, valued at $7,272,104.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Peter Schmidt sold 3,500 shares of the stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $19.17, for a total transaction of $67,095.00. Following the completion of the sale, the executive vice president now owns 4,828 shares in the company, valued at $92,552.76. The disclosure for this sale can be found here. Insiders sold 163,668 shares of company stock worth $3,033,945 over the last quarter. Company insiders own 7.47% of the company’s stock.

Bloomin’ Brands 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, an upscale casual seafood restaurant; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.

Further Reading: What is an Initial Public Offering (IPO)?

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

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