Bank of New York Mellon Corp Has $13.18 Million Holdings in Bloomin’ Brands Inc (BLMN)

Share on StockTwits

Bank of New York Mellon Corp trimmed its holdings in shares of Bloomin’ Brands Inc (NASDAQ:BLMN) by 3.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 655,658 shares of the restaurant operator’s stock after selling 22,761 shares during the quarter. Bank of New York Mellon Corp owned about 0.71% of Bloomin’ Brands worth $13,179,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Point72 Hong Kong Ltd bought a new stake in Bloomin’ Brands during the second quarter valued at about $149,000. Royal Bank of Canada boosted its holdings in Bloomin’ Brands by 48.3% during the first quarter. Royal Bank of Canada now owns 8,274 shares of the restaurant operator’s stock valued at $201,000 after acquiring an additional 2,693 shares during the period. CSat Investment Advisory L.P. bought a new stake in Bloomin’ Brands during the second quarter valued at about $292,000. SG Americas Securities LLC boosted its holdings in Bloomin’ Brands by 44.6% during the second quarter. SG Americas Securities LLC now owns 17,287 shares of the restaurant operator’s stock valued at $347,000 after acquiring an additional 5,328 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Bloomin’ Brands during the second quarter valued at about $394,000. 95.57% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on BLMN shares. Gordon Haskett started coverage on shares of Bloomin’ Brands in a report on Thursday, October 18th. They set a “buy” rating and a $23.00 price target for the company. BidaskClub upgraded shares of Bloomin’ Brands from a “hold” rating to a “buy” rating in a research note on Tuesday, November 6th. TheStreet cut shares of Bloomin’ Brands from a “b-” rating to a “c+” rating in a research note on Monday, October 29th. Zacks Investment Research upgraded shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Friday, October 26th. Finally, ValuEngine upgraded shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $22.78.

NASDAQ BLMN opened at $19.19 on Friday. The company has a debt-to-equity ratio of 18.69, a current ratio of 0.37 and a quick ratio of 0.29. Bloomin’ Brands Inc has a twelve month low of $17.97 and a twelve month high of $25.00. The stock has a market capitalization of $1.77 billion, a P/E ratio of 14.11, a P/E/G ratio of 1.40 and a beta of 0.22.

Bloomin’ Brands (NASDAQ:BLMN) last released its earnings results on Monday, October 29th. The restaurant operator reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.01. Bloomin’ Brands had a net margin of 2.68% and a return on equity of 196.28%. The business had revenue of $965.00 million during the quarter, compared to analysts’ expectations of $965.17 million. During the same quarter last year, the company earned $0.14 earnings per share. The firm’s revenue was up 1.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Bloomin’ Brands Inc will post 1.46 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Wednesday, November 14th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Tuesday, November 13th. Bloomin’ Brands’s dividend payout ratio is 26.47%.

In other Bloomin’ Brands news, Director Mindy F. Grossman sold 8,000 shares of the firm’s stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $20.96, for a total transaction of $167,680.00. Following the completion of the transaction, the director now owns 9,790 shares in the company, valued at $205,198.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Donagh Herlihy sold 7,581 shares of the firm’s stock in a transaction dated Friday, October 5th. The stock was sold at an average price of $20.00, for a total transaction of $151,620.00. The disclosure for this sale can be found here. 7.47% of the stock is owned by company insiders.

COPYRIGHT VIOLATION WARNING: “Bank of New York Mellon Corp Has $13.18 Million Holdings in Bloomin’ Brands Inc (BLMN)” was reported by BBNS and is the property of of BBNS. If you are reading this news story on another domain, it was illegally copied and republished in violation of United States and international trademark & copyright law. The correct version of this news story can be read at https://baseballnewssource.com/2018/12/08/bank-of-new-york-mellon-corp-has-13-18-million-holdings-in-bloomin-brands-inc-blmn/3063752.html.

About Bloomin’ Brands

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.

See Also: How interest rates affect municipal bond prices

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

Receive News & Ratings for Bloomin' Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bloomin' Brands and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2019 BBNS.