Bloomin’ Brands, Inc. (NASDAQ:BLMN) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its holdings in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 27.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 335,195 shares of the restaurant operator’s stock after selling 126,939 shares during the period. Mutual of America Capital Management LLC owned about 0.39% of Bloomin’ Brands worth $6,446,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BLMN. Headlands Technologies LLC purchased a new stake in shares of Bloomin’ Brands during the first quarter worth about $30,000. TFO Wealth Partners LLC increased its stake in Bloomin’ Brands by 284,000.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,841 shares of the restaurant operator’s stock worth $80,000 after buying an additional 2,840 shares in the last quarter. EntryPoint Capital LLC raised its holdings in shares of 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 during the last quarter. AdvisorShares Investments LLC lifted its position in shares of Bloomin’ Brands by 21.9% in 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, Assetmark Inc. boosted its stake in shares of Bloomin’ Brands by 32.0% in the fourth quarter. Assetmark Inc. now owns 5,314 shares of the restaurant operator’s stock worth $150,000 after acquiring an additional 1,288 shares during the last quarter.

Bloomin’ Brands Stock Performance

NASDAQ BLMN opened at $17.21 on Friday. The company has a market cap of $1.49 billion, a P/E ratio of 26.89 and a beta of 2.05. Bloomin’ Brands, Inc. has a 1-year low of $15.20 and a 1-year high of $30.13. 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 has a 50-day moving average of $17.83 and a two-hundred day moving average of $21.82.

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

Bloomin’ Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Tuesday, August 20th were issued a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $0.96 dividend on an annualized basis and a yield of 5.58%. Bloomin’ Brands’s dividend payout ratio (DPR) is presently 150.00%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. BMO Capital Markets decreased their price objective 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. Citigroup decreased their price target on shares of Bloomin’ Brands from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Monday, August 19th. Barclays dropped their price objective on shares of Bloomin’ Brands from $30.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, August 7th. StockNews.com lowered shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Bloomin’ Brands from $26.00 to $19.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $22.33.

Bloomin’ Brands 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.