Great Lakes Advisors LLC Sells 93,136 Shares of Bloomin' Brands, Inc. (NASDAQ:BLMN)

Great Lakes Advisors LLC trimmed its holdings in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 15.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 523,156 shares of the restaurant operator's stock after selling 93,136 shares during the period. Great Lakes Advisors LLC owned about 0.60% of Bloomin' Brands worth $14,727,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Bloomin' Brands by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 12,527,385 shares of the restaurant operator's stock valued at $308,048,000 after buying an additional 175,493 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Bloomin' Brands by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,509,269 shares of the restaurant operator's stock valued at $70,637,000 after purchasing an additional 104,368 shares during the last quarter. Invesco Ltd. lifted its position in shares of Bloomin' Brands by 6.5% during the third quarter. Invesco Ltd. now owns 1,411,410 shares of the restaurant operator's stock valued at $34,707,000 after purchasing an additional 86,272 shares in the last quarter. Boston Partners boosted its holdings in Bloomin' Brands by 27.8% during the fourth quarter. Boston Partners now owns 768,963 shares of the restaurant operator's stock worth $21,464,000 after purchasing an additional 167,441 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its holdings in Bloomin' Brands by 6.5% during the fourth quarter. Mutual of America Capital Management LLC now owns 644,653 shares of the restaurant operator's stock worth $18,147,000 after purchasing an additional 39,270 shares during the last quarter.

Bloomin' Brands Stock Performance

NASDAQ:BLMN traded down $0.43 on Friday, reaching $23.45. 1,534,043 shares of the company's stock were exchanged, compared to its average volume of 1,553,036. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 36.64 and a beta of 2.02. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.33 and a quick ratio of 0.26. The stock has a fifty day simple moving average of $26.74 and a 200-day simple moving average of $26.21. Bloomin' Brands, Inc. has a 52 week low of $22.03 and a 52 week high of $30.13.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last released its quarterly earnings data on Tuesday, May 7th. The restaurant operator reported $0.70 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.05). Bloomin' Brands had a return on equity of 65.73% and a net margin of 1.56%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the business posted $0.98 earnings per share. The firm's quarterly revenue was down 4.0% on a year-over-year basis. As a group, sell-side analysts predict that Bloomin' Brands, Inc. will post 2.46 earnings per share for the current year.

Bloomin' Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Monday, May 20th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $0.96 dividend on an annualized basis and a yield of 4.09%. Bloomin' Brands's dividend payout ratio (DPR) is 150.00%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BLMN shares. BMO Capital Markets dropped their target price on shares of Bloomin' Brands from $29.00 to $27.00 and set a "market perform" rating on the stock in a research report on Wednesday, May 8th. Barclays cut their price objective on Bloomin' Brands from $32.00 to $30.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 8th. JPMorgan Chase & Co. downgraded Bloomin' Brands from an "overweight" rating to a "neutral" rating and set a $26.00 price objective for the company. in a research note on Tuesday, January 23rd. Citigroup lifted their target price on Bloomin' Brands from $25.00 to $29.00 and gave the stock a "neutral" rating in a research note on Thursday, February 15th. Finally, UBS Group reduced their price target on shares of Bloomin' Brands from $30.00 to $26.00 and set a "neutral" rating for the company in a research report on Wednesday, May 8th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Bloomin' Brands has a consensus rating of "Hold" and an average target price of $27.50.

Bloomin' Brands Company 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; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.