Bloomin’ Brands, Inc. (NASDAQ:BLMN) Stock Holdings Lessened by Amalgamated Bank

Amalgamated Bank trimmed its stake in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 5.5% in the second quarter, Holdings Channel.com reports. The firm owned 26,117 shares of the restaurant operator’s stock after selling 1,509 shares during the quarter. Amalgamated Bank’s holdings in Bloomin’ Brands were worth $502,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Headlands Technologies LLC bought a new position in Bloomin’ Brands during the first quarter valued at approximately $30,000. TFO Wealth Partners LLC raised its position in Bloomin’ Brands by 284,000.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,841 shares of the restaurant operator’s stock valued at $80,000 after acquiring an additional 2,840 shares in the last quarter. EntryPoint Capital LLC raised its position in Bloomin’ Brands by 6,454.9% during the first quarter. EntryPoint Capital LLC now owns 3,343 shares of the restaurant operator’s stock valued at $96,000 after acquiring an additional 3,292 shares in the last quarter. AdvisorShares Investments LLC raised its position in Bloomin’ Brands by 21.9% during the fourth quarter. AdvisorShares Investments LLC now owns 5,014 shares of the restaurant operator’s stock valued at $141,000 after acquiring an additional 900 shares in the last quarter. Finally, Bayesian Capital Management LP acquired a new position in Bloomin’ Brands during the first quarter valued at approximately $219,000.

Analyst Ratings Changes

Several equities analysts have commented on BLMN shares. Morgan Stanley lowered their price target on Bloomin’ Brands from $26.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 16th. Barclays lowered their price target on Bloomin’ Brands from $30.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, August 7th. BMO Capital Markets lowered their price target on Bloomin’ Brands from $27.00 to $20.00 and set a “market perform” rating on the stock in a report on Wednesday, August 7th. StockNews.com downgraded Bloomin’ Brands from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Bloomin’ Brands from $26.00 to $19.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $22.33.

Bloomin’ Brands Trading Down 0.8 %

Shares of BLMN stock opened at $16.80 on Monday. Bloomin’ Brands, Inc. has a 1 year low of $15.20 and a 1 year high of $30.13. The firm’s fifty day simple moving average is $17.59 and its 200 day simple moving average is $21.25. The firm has a market capitalization of $1.45 billion, a P/E ratio of 26.25 and a beta of 2.05. The company has a current ratio of 0.35, a quick ratio of 0.26 and a debt-to-equity ratio of 3.46.

Bloomin’ Brands (NASDAQ:BLMN) last announced its earnings results on Tuesday, August 6th. The restaurant operator reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.07). The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. Bloomin’ Brands had a return on equity of 61.90% and a net margin of 0.70%. The company’s revenue was down 2.9% compared to the same quarter last year. During the same period last year, the firm posted $0.74 EPS. As a group, sell-side analysts predict that Bloomin’ Brands, Inc. will post 2.08 EPS for the current year.

Bloomin’ Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 20th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 5.71%. The ex-dividend date was Tuesday, August 20th. Bloomin’ Brands’s dividend payout ratio (DPR) is presently 150.00%.

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.