Bloomin’ Brands, Inc. (NASDAQ:BLMN) Holdings Increased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMNFree Report) by 4.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,267 shares of the restaurant operator’s stock after buying an additional 776 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Bloomin’ Brands were worth $486,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in shares of Bloomin’ Brands by 683.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,261 shares of the restaurant operator’s stock worth $31,000 after buying an additional 1,100 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Bloomin’ Brands in the 3rd quarter worth approximately $32,000. Assetmark Inc. raised its holdings in shares of Bloomin’ Brands by 23.5% in the 3rd quarter. Assetmark Inc. now owns 4,026 shares of the restaurant operator’s stock worth $99,000 after purchasing an additional 765 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Bloomin’ Brands by 221.2% in the 3rd quarter. Signaturefd LLC now owns 4,147 shares of the restaurant operator’s stock worth $102,000 after purchasing an additional 2,856 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of Bloomin’ Brands in the 3rd quarter worth approximately $206,000.

Bloomin’ Brands Stock Performance

BLMN stock opened at $25.09 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.34 and a debt-to-equity ratio of 1.89. The firm has a 50 day moving average of $27.70 and a two-hundred day moving average of $26.13. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 9.92, a P/E/G ratio of 9.92 and a beta of 2.02. Bloomin’ Brands, Inc. has a 12 month low of $22.03 and a 12 month high of $30.13.

Bloomin’ Brands (NASDAQ:BLMNGet Free Report) last posted its quarterly earnings data on Friday, February 23rd. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.06. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.20 billion. Bloomin’ Brands had a net margin of 5.30% and a return on equity of 73.67%. Bloomin’ Brands’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 EPS. As a group, equities analysts anticipate that Bloomin’ Brands, Inc. will post 2.55 EPS for the current fiscal year.

Bloomin’ Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend was Tuesday, March 5th. Bloomin’ Brands’s dividend payout ratio is currently 37.94%.

Wall Street Analysts Forecast Growth

BLMN has been the topic of a number of recent analyst reports. Barclays boosted their price target on shares of Bloomin’ Brands from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, February 26th. Citigroup boosted their price target on shares of Bloomin’ Brands from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. JPMorgan Chase & Co. lowered shares of Bloomin’ Brands from an “overweight” rating to a “neutral” rating and set a $26.00 price target on the stock. in a report on Tuesday, January 23rd. Finally, BMO Capital Markets boosted their price target on shares of Bloomin’ Brands from $27.00 to $29.00 and gave the company a “market perform” rating in a report on Monday, February 26th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Bloomin’ Brands presently has an average rating of “Hold” and a consensus price target of $27.90.

Read Our Latest Analysis on Bloomin’ Brands

Bloomin’ Brands Company Profile

(Free Report)

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.

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

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