Everence Capital Management Inc. Sells 5,410 Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Everence Capital Management Inc. decreased its holdings in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 29.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,060 shares of the restaurant operator’s stock after selling 5,410 shares during the period. Everence Capital Management Inc.’s holdings in Bloomin’ Brands were worth $216,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Capstone Investment Advisors LLC bought a new stake in Bloomin’ Brands during the first quarter valued at $2,042,000. SG Americas Securities LLC boosted its stake in Bloomin’ Brands by 219.2% during the second quarter. SG Americas Securities LLC now owns 165,705 shares of the restaurant operator’s stock valued at $3,187,000 after buying an additional 113,798 shares during the period. Victory Capital Management Inc. boosted its stake in Bloomin’ Brands by 29.6% during the second quarter. Victory Capital Management Inc. now owns 2,492,119 shares of the restaurant operator’s stock valued at $47,923,000 after buying an additional 569,855 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Bloomin’ Brands during the second quarter valued at $563,000. Finally, Edgestream Partners L.P. bought a new stake in Bloomin’ Brands during the second quarter worth about $711,000.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BLMN shares. Morgan Stanley dropped their price target on Bloomin’ Brands from $26.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. Bank of America dropped their price target on Bloomin’ Brands from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday. StockNews.com lowered Bloomin’ Brands from a “hold” rating to a “sell” rating in a research note on Monday. Barclays lowered their target price on Bloomin’ Brands from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, BMO Capital Markets lowered their target price on Bloomin’ Brands from $27.00 to $20.00 and set a “market perform” rating for the company in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $21.80.

Bloomin’ Brands Stock Down 2.8 %

Shares of NASDAQ:BLMN opened at $15.99 on Wednesday. Bloomin’ Brands, Inc. has a 1 year low of $15.14 and a 1 year high of $30.13. The company has a market cap of $1.38 billion, a PE ratio of 24.98 and a beta of 2.04. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.35 and a quick ratio of 0.26. The stock’s 50-day moving average is $16.77 and its 200 day moving average is $19.75.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly 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). Bloomin’ Brands had a net margin of 0.70% and a return on equity of 61.90%. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the prior year, the firm earned $0.74 EPS. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. Sell-side analysts anticipate that Bloomin’ Brands, Inc. will post 2.08 EPS for the current year.

About Bloomin’ Brands

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.