Amalgamated Bank Trims Stock Position in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Amalgamated Bank cut its position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 16.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,924 shares of the restaurant operator’s stock after selling 4,193 shares during the period. Amalgamated Bank’s holdings in Bloomin’ Brands were worth $362,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of BLMN. EntryPoint Capital LLC raised its stake 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 worth $96,000 after purchasing an additional 3,292 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Bloomin’ Brands in the 2nd quarter valued at approximately $111,000. Point72 DIFC Ltd purchased a new stake in shares of Bloomin’ Brands in the 2nd quarter valued at approximately $169,000. Bayesian Capital Management LP purchased a new stake in shares of Bloomin’ Brands in the 1st quarter valued at approximately $219,000. Finally, Creative Planning purchased a new stake in shares of Bloomin’ Brands in the 3rd quarter valued at approximately $219,000.

Bloomin’ Brands Trading Down 1.7 %

NASDAQ BLMN opened at $13.20 on Monday. The company has a quick ratio of 0.26, a current ratio of 0.31 and a debt-to-equity ratio of 4.46. Bloomin’ Brands, Inc. has a 52 week low of $13.07 and a 52 week high of $30.13. The stock has a market capitalization of $1.12 billion, a PE ratio of -120.00 and a beta of 2.04. The firm has a 50 day moving average of $16.05 and a two-hundred day moving average of $18.36.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings results on Friday, November 8th. The restaurant operator reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. Bloomin’ Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the business posted $0.44 EPS. The firm’s revenue was down 5.1% on a year-over-year basis. As a group, research analysts expect that Bloomin’ Brands, Inc. will post 1.8 EPS for the current fiscal year.

Bloomin’ Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Monday, November 25th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 7.27%. The ex-dividend date is Monday, November 25th. Bloomin’ Brands’s payout ratio is -872.73%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on BLMN shares. UBS Group reduced their price target on shares of Bloomin’ Brands from $26.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. BMO Capital Markets reduced their price target on shares of Bloomin’ Brands from $27.00 to $20.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 7th. JPMorgan Chase & Co. reduced their price target on shares of Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Bloomin’ Brands from $26.00 to $19.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Finally, Piper Sandler dropped their price objective on shares of Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, November 11th. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $19.70.

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.