PNC Financial Services Group Inc. Has $266,000 Stock Position in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

PNC Financial Services Group Inc. reduced its position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,462 shares of the restaurant operator’s stock after selling 560 shares during the period. PNC Financial Services Group Inc.’s holdings in Bloomin’ Brands were worth $266,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in BLMN. FMR LLC lifted its position in shares of Bloomin’ Brands by 364.4% during the third quarter. FMR LLC now owns 494,338 shares of the restaurant operator’s stock valued at $12,156,000 after purchasing an additional 387,896 shares in the last quarter. Natixis Advisors L.P. lifted its position in shares of Bloomin’ Brands by 17.2% during the third quarter. Natixis Advisors L.P. now owns 17,882 shares of the restaurant operator’s stock valued at $440,000 after purchasing an additional 2,630 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Bloomin’ Brands by 18.6% during the third quarter. O Shaughnessy Asset Management LLC now owns 22,694 shares of the restaurant operator’s stock valued at $558,000 after purchasing an additional 3,564 shares in the last quarter. Kepos Capital LP bought a new position in shares of Bloomin’ Brands during the third quarter valued at about $2,459,000. Finally, Aurora Investment Counsel lifted its position in shares of Bloomin’ Brands by 20.9% during the third quarter. Aurora Investment Counsel now owns 13,216 shares of the restaurant operator’s stock valued at $325,000 after purchasing an additional 2,282 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have commented on BLMN shares. JPMorgan Chase & Co. lowered their price objective on shares of Bloomin’ Brands from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 28th. BMO Capital Markets lowered their price objective 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 lowered their price objective on shares of Bloomin’ Brands from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 8th. Finally, UBS Group lowered their price objective on shares of Bloomin’ Brands from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $27.30.

Bloomin’ Brands Stock Performance

NASDAQ BLMN opened at $19.31 on Tuesday. The company’s 50 day moving average is $21.97 and its 200-day moving average is $25.37. Bloomin’ Brands, Inc. has a 12-month low of $18.36 and a 12-month high of $30.13. The company has a quick ratio of 0.26, a current ratio of 0.33 and a debt-to-equity ratio of 3.12. The firm has a market cap of $1.67 billion, a P/E ratio of 30.17 and a beta of 2.04.

Bloomin’ Brands (NASDAQ:BLMN) last issued 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). The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Bloomin’ Brands had a net margin of 1.56% and a return on equity of 65.73%. Bloomin’ Brands’s revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 EPS. Sell-side analysts predict that Bloomin’ Brands, Inc. will post 2.44 earnings per share for the current year.

Bloomin’ Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 20th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $0.96 annualized dividend and a yield of 4.97%. Bloomin’ Brands’s dividend payout ratio is currently 150.00%.

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.