Bloomin' Brands Inc (NASDAQ:BLMN) Position Lifted by Macquarie Group Ltd.

Macquarie Group Ltd. raised its stake in shares of Bloomin' Brands Inc (NASDAQ:BLMN) by 34.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 97,600 shares of the restaurant operator’s stock after acquiring an additional 25,100 shares during the quarter. Macquarie Group Ltd. owned approximately 0.11% of Bloomin' Brands worth $1,718,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Earnest Partners LLC boosted its position in shares of Bloomin' Brands by 1.1% in the 2nd quarter. Earnest Partners LLC now owns 3,955,188 shares of the restaurant operator’s stock worth $83,969,000 after purchasing an additional 43,963 shares in the last quarter. State Street Corp boosted its position in shares of Bloomin' Brands by 2.3% in the 2nd quarter. State Street Corp now owns 2,163,384 shares of the restaurant operator’s stock worth $45,931,000 after purchasing an additional 48,043 shares in the last quarter. LSV Asset Management boosted its position in shares of Bloomin' Brands by 14.3% in the 2nd quarter. LSV Asset Management now owns 1,981,805 shares of the restaurant operator’s stock worth $42,073,000 after purchasing an additional 247,501 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Bloomin' Brands by 94.8% in the 2nd quarter. Prudential Financial Inc. now owns 1,124,340 shares of the restaurant operator’s stock worth $23,870,000 after purchasing an additional 547,210 shares in the last quarter. Finally, Wedge Capital Management L L P NC boosted its position in shares of Bloomin' Brands by 0.8% in the 3rd quarter. Wedge Capital Management L L P NC now owns 886,218 shares of the restaurant operator’s stock worth $15,597,000 after purchasing an additional 6,721 shares in the last quarter.

A number of analysts have recently weighed in on the company. Jefferies Group reissued a “hold” rating and issued a $23.00 price objective on shares of Bloomin' Brands in a research report on Friday, December 22nd. Raymond James Financial cut Bloomin' Brands from an “outperform” rating to a “market perform” rating and set a $24.00 price objective for the company. in a research report on Wednesday, December 6th. Citigroup lowered Bloomin' Brands to a “market perform” rating in a research note on Wednesday, December 6th. Bank of America lowered Bloomin' Brands from a “buy” rating to a “neutral” rating and set a $21.00 target price for the company. in a research note on Wednesday, November 22nd. Finally, BMO Capital Markets reduced their target price on Bloomin' Brands from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Monday, November 6th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $21.36.

In related news, Chairman Elizabeth A. Smith sold 375,000 shares of Bloomin' Brands stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $20.79, for a total value of $7,796,250.00. Following the sale, the chairman now directly owns 206,235 shares in the company, valued at approximately $4,287,625.65. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Elizabeth A. Smith sold 1,700 shares of Bloomin' Brands stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $17.00, for a total value of $28,900.00. Following the completion of the sale, the chief executive officer now owns 82,935 shares in the company, valued at $1,409,895. The disclosure for this sale can be found here. Over the last quarter, insiders sold 551,878 shares of company stock worth $11,131,099. 7.04% of the stock is currently owned by insiders.

Shares of Bloomin' Brands Inc (NASDAQ BLMN) traded down $0.25 during trading on Friday, hitting $21.34. The company had a trading volume of 611,107 shares, compared to its average volume of 1,500,000. The company has a current ratio of 0.36, a quick ratio of 0.29 and a debt-to-equity ratio of 31.17. Bloomin' Brands Inc has a 1 year low of $16.11 and a 1 year high of $22.47. The stock has a market cap of $1,990.00, a price-to-earnings ratio of 27.71, a PEG ratio of 1.30 and a beta of 0.64.

Bloomin' Brands (NASDAQ:BLMN) last announced its quarterly earnings results on Friday, November 3rd. The restaurant operator reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.04). Bloomin' Brands had a net margin of 1.93% and a return on equity of 94.30%. The business had revenue of $948.90 million during the quarter, compared to analysts’ expectations of $944.30 million. During the same quarter in the prior year, the firm earned $0.19 EPS. Bloomin' Brands’s revenue for the quarter was down 5.6% on a year-over-year basis. sell-side analysts anticipate that Bloomin' Brands Inc will post 1.33 earnings per share for the current fiscal year.

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Bloomin' Brands Profile

Bloomin’ Brands, Inc is a holding company. The Company owns and operates casual, upscale casual and fine dining restaurants. The Company operates through two segments: U.S. and International. The U.S. segment includes all brands operating in the United States. The International segment includes brands operating outside the United States.

Institutional Ownership by Quarter for Bloomin' Brands (NASDAQ:BLMN)

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