Nuveen Asset Management LLC Has $6.07 Million Stock Holdings in Bloomin' Brands, Inc. (NASDAQ:BLMN)

Nuveen Asset Management LLC trimmed its position in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 33.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 497,442 shares of the restaurant operator's stock after selling 251,453 shares during the period. Nuveen Asset Management LLC owned 0.59% of Bloomin' Brands worth $6,074,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BLMN. Headlands Technologies LLC purchased a new position in Bloomin' Brands in the fourth quarter valued at about $27,000. Meeder Asset Management Inc. acquired a new stake in shares of Bloomin' Brands during the 4th quarter valued at about $41,000. New Age Alpha Advisors LLC bought a new stake in shares of Bloomin' Brands in the 4th quarter valued at approximately $45,000. Entropy Technologies LP acquired a new position in Bloomin' Brands in the fourth quarter worth approximately $140,000. Finally, AlphaQuest LLC raised its position in Bloomin' Brands by 63,457.9% during the fourth quarter. AlphaQuest LLC now owns 12,076 shares of the restaurant operator's stock valued at $147,000 after acquiring an additional 12,057 shares in the last quarter.

Bloomin' Brands Stock Performance

Shares of BLMN traded up $0.34 during trading hours on Wednesday, reaching $7.89. 467,500 shares of the company traded hands, compared to its average volume of 2,074,043. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.22 and a current ratio of 0.31. The stock's fifty day moving average is $7.73 and its 200 day moving average is $10.16. Bloomin' Brands, Inc. has a 1-year low of $6.09 and a 1-year high of $21.45. The stock has a market cap of $670.36 million, a P/E ratio of -71.72 and a beta of 1.30.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.02. The business had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.04 billion. Bloomin' Brands had a positive return on equity of 62.18% and a negative net margin of 0.12%. Bloomin' Brands's quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.70 earnings per share. Equities research analysts anticipate that Bloomin' Brands, Inc. will post 1.8 earnings per share for the current fiscal year.

Bloomin' Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $0.60 annualized dividend and a dividend yield of 7.60%. Bloomin' Brands's dividend payout ratio is currently -2,000.00%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets decreased their price objective on shares of Bloomin' Brands from $16.00 to $12.00 and set a "market perform" rating for the company in a report on Thursday, February 27th. Wall Street Zen raised Bloomin' Brands from a "sell" rating to a "hold" rating in a report on Friday, March 7th. The Goldman Sachs Group reduced their target price on Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating for the company in a report on Thursday, February 27th. Barclays lowered their price target on Bloomin' Brands from $9.00 to $8.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Bloomin' Brands from $10.00 to $9.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Two equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the company's stock. Based on data from MarketBeat, Bloomin' Brands has an average rating of "Hold" and a consensus target price of $13.75.

Bloomin' Brands Profile

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.