Menta Capital LLC Purchases 1,700 Shares of Bloomin’ Brands Inc (BLMN)

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Menta Capital LLC lifted its position in Bloomin’ Brands Inc (NASDAQ:BLMN) by 7.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 25,458 shares of the restaurant operator’s stock after buying an additional 1,700 shares during the quarter. Menta Capital LLC’s holdings in Bloomin’ Brands were worth $455,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Advisor Group Inc. grew its stake in shares of Bloomin’ Brands by 72.0% in the 4th quarter. Advisor Group Inc. now owns 3,233 shares of the restaurant operator’s stock valued at $57,000 after buying an additional 1,353 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of Bloomin’ Brands in the 4th quarter valued at approximately $60,000. Meeder Asset Management Inc. grew its stake in shares of Bloomin’ Brands by 211.1% in the 4th quarter. Meeder Asset Management Inc. now owns 8,677 shares of the restaurant operator’s stock valued at $156,000 after buying an additional 5,888 shares in the last quarter. Jefferies Group LLC bought a new stake in shares of Bloomin’ Brands in the 3rd quarter valued at approximately $199,000. Finally, Cerebellum GP LLC grew its stake in shares of Bloomin’ Brands by 49.7% in the 4th quarter. Cerebellum GP LLC now owns 14,376 shares of the restaurant operator’s stock valued at $257,000 after buying an additional 4,771 shares in the last quarter. 92.63% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ BLMN opened at $20.47 on Friday. The company has a debt-to-equity ratio of 19.48, a current ratio of 0.42 and a quick ratio of 0.33. The firm has a market capitalization of $1.88 billion, a P/E ratio of 13.65, a PEG ratio of 1.38 and a beta of 0.33. Bloomin’ Brands Inc has a one year low of $17.08 and a one year high of $25.00.

Bloomin’ Brands (NASDAQ:BLMN) last issued its earnings results on Thursday, February 14th. The restaurant operator reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. Bloomin’ Brands had a return on equity of 178.97% and a net margin of 2.60%. Bloomin’ Brands’s revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.18 earnings per share. Equities analysts anticipate that Bloomin’ Brands Inc will post 1.56 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Monday, February 25th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.95%. This is a positive change from Bloomin’ Brands’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Friday, February 22nd. Bloomin’ Brands’s dividend payout ratio is presently 26.67%.

BLMN has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Bloomin’ Brands from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Tuesday, March 12th. Morgan Stanley upgraded Bloomin’ Brands from an “underweight” rating to an “equal weight” rating in a report on Wednesday, December 19th. They noted that the move was a valuation call. BidaskClub lowered Bloomin’ Brands from a “hold” rating to a “sell” rating in a report on Monday, February 4th. William Blair upgraded Bloomin’ Brands from a “market perform” rating to an “outperform” rating in a report on Friday, February 15th. Finally, TheStreet upgraded Bloomin’ Brands from a “c+” rating to a “b” rating in a report on Friday, February 15th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $21.67.

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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, an upscale casual seafood restaurant; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.

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

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