New York State Common Retirement Fund decreased its stake in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 88.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,740 shares of the restaurant operator's stock after selling 187,696 shares during the period. New York State Common Retirement Fund's holdings in Bloomin' Brands were worth $177,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of BLMN. Raymond James Financial Inc. acquired a new stake in Bloomin' Brands during the fourth quarter valued at approximately $2,882,000. American Century Companies Inc. grew its position in shares of Bloomin' Brands by 565.9% in the 4th quarter. American Century Companies Inc. now owns 1,791,366 shares of the restaurant operator's stock worth $21,873,000 after acquiring an additional 1,522,370 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Bloomin' Brands by 86.0% in the 4th quarter. Sei Investments Co. now owns 381,248 shares of the restaurant operator's stock valued at $4,655,000 after acquiring an additional 176,240 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Bloomin' Brands during the 4th quarter valued at approximately $211,000. Finally, Prudential Financial Inc. lifted its stake in Bloomin' Brands by 40.6% during the fourth quarter. Prudential Financial Inc. now owns 1,024,543 shares of the restaurant operator's stock worth $12,510,000 after purchasing an additional 295,641 shares during the last quarter.
Bloomin' Brands Stock Up 0.5%
BLMN stock opened at $10.05 on Friday. The stock has a market cap of $853.55 million, a PE ratio of -334.89 and a beta of 1.32. The firm's 50-day simple moving average is $8.87 and its 200 day simple moving average is $9.25. Bloomin' Brands, Inc. has a fifty-two week low of $6.09 and a fifty-two week high of $21.45. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 2.38.
Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last posted its earnings results on Wednesday, May 7th. The restaurant operator reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. Bloomin' Brands had a negative net margin of 0.05% and a positive return on equity of 55.08%. The firm had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.04 billion. During the same quarter in the prior year, the firm earned $0.70 EPS. Bloomin' Brands's quarterly revenue was down 1.8% on a year-over-year basis. As a group, sell-side analysts predict that Bloomin' Brands, Inc. will post 1.8 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research firms have commented on BLMN. UBS Group decreased their price objective on shares of Bloomin' Brands from $13.00 to $8.50 and set a "neutral" rating for the company in a report on Monday, May 5th. Barclays lifted their price target on shares of Bloomin' Brands from $8.00 to $9.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Morgan Stanley boosted their price objective on shares of Bloomin' Brands from $9.00 to $10.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Bloomin' Brands from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 25th. Two research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $12.75.
Read Our Latest Analysis on BLMN
About Bloomin' Brands
(
Free Report)
Bloomin' Brands, Inc engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.
See Also
Want to see what other hedge funds are holding BLMN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report).
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