2,623 Shares in Bloomin’ Brands, Inc. (NASDAQ:BLMN) Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,623 shares of the restaurant operator’s stock, valued at approximately $32,000.

Other large investors have also recently made changes to their positions in the company. Two Sigma Advisers LP purchased a new stake in shares of Bloomin’ Brands during the fourth quarter worth $1,552,000. Two Sigma Investments LP grew its holdings in shares of Bloomin’ Brands by 160.9% during the fourth quarter. Two Sigma Investments LP now owns 401,697 shares of the restaurant operator’s stock worth $4,905,000 after buying an additional 247,702 shares in the last quarter. State of Wyoming grew its holdings in shares of Bloomin’ Brands by 99.5% during the fourth quarter. State of Wyoming now owns 10,319 shares of the restaurant operator’s stock worth $126,000 after buying an additional 5,146 shares in the last quarter. Systematic Financial Management LP grew its holdings in shares of Bloomin’ Brands by 5.0% during the fourth quarter. Systematic Financial Management LP now owns 655,688 shares of the restaurant operator’s stock worth $8,006,000 after buying an additional 31,188 shares in the last quarter. Finally, Redwood Investment Management LLC grew its holdings in shares of Bloomin’ Brands by 25.6% during the fourth quarter. Redwood Investment Management LLC now owns 195,207 shares of the restaurant operator’s stock worth $2,383,000 after buying an additional 39,845 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BLMN. UBS Group dropped their target price on shares of Bloomin’ Brands from $13.00 to $8.50 and set a “neutral” rating for the company in a report on Monday, May 5th. Barclays dropped their target price on Bloomin’ Brands from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Thursday, May 8th. BMO Capital Markets dropped their target price on Bloomin’ Brands from $16.00 to $12.00 and set a “market perform” rating for the company in a report on Thursday, February 27th. JPMorgan Chase & Co. dropped their target price on Bloomin’ Brands from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Finally, The Goldman Sachs Group dropped their target price on Bloomin’ Brands from $13.00 to $10.00 and set a “sell” rating for the company in a report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $13.75.

Bloomin’ Brands Stock Performance

NASDAQ BLMN opened at $7.58 on Friday. The stock has a market cap of $643.78 million, a PE ratio of -68.90 and a beta of 1.29. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 4.46. Bloomin’ Brands, Inc. has a twelve month low of $6.09 and a twelve month high of $21.45. The stock has a fifty day simple moving average of $7.75 and a 200-day simple moving average of $10.07.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings results on Wednesday, May 7th. The restaurant operator reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Bloomin’ Brands had a positive return on equity of 62.18% and a negative net margin of 0.12%. The company’s revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.70 EPS. Equities analysts anticipate that Bloomin’ Brands, Inc. will post 1.8 earnings per share for the current year.

Bloomin’ Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.92%. The ex-dividend date was Tuesday, May 20th. Bloomin’ Brands’s dividend payout ratio is presently -2,000.00%.

About Bloomin’ Brands

Bloomin’ Brands, Inc engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.