Westwood Holdings Group Inc. Sells 69,046 Shares of Bloomin’ Brands Inc (NASDAQ:BLMN)

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Westwood Holdings Group Inc. cut its holdings in Bloomin’ Brands Inc (NASDAQ:BLMN) by 3.3% during the 2nd quarter, Holdings Channel reports. The fund owned 2,040,712 shares of the restaurant operator’s stock after selling 69,046 shares during the period. Westwood Holdings Group Inc.’s holdings in Bloomin’ Brands were worth $38,589,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Marshall Wace LLP raised its position in shares of Bloomin’ Brands by 254.2% during the 2nd quarter. Marshall Wace LLP now owns 536,752 shares of the restaurant operator’s stock valued at $10,150,000 after purchasing an additional 385,233 shares during the period. Morgan Stanley raised its position in shares of Bloomin’ Brands by 31.1% during the 2nd quarter. Morgan Stanley now owns 559,195 shares of the restaurant operator’s stock valued at $10,575,000 after purchasing an additional 132,658 shares during the period. Man Group plc raised its position in shares of Bloomin’ Brands by 33.9% during the 2nd quarter. Man Group plc now owns 1,027,972 shares of the restaurant operator’s stock valued at $19,439,000 after purchasing an additional 260,485 shares during the period. Marshall Wace North America L.P. raised its position in shares of Bloomin’ Brands by 272.5% during the 2nd quarter. Marshall Wace North America L.P. now owns 326,101 shares of the restaurant operator’s stock valued at $6,166,000 after purchasing an additional 238,555 shares during the period. Finally, Invesco Ltd. raised its position in shares of Bloomin’ Brands by 35.3% during the 2nd quarter. Invesco Ltd. now owns 193,993 shares of the restaurant operator’s stock valued at $3,668,000 after purchasing an additional 50,593 shares during the period.

Several analysts have recently commented on the stock. TheStreet downgraded shares of Bloomin’ Brands from a “b-” rating to a “c+” rating in a research report on Monday, August 5th. Guggenheim upgraded shares of Bloomin’ Brands from a “neutral” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Friday, May 24th. JPMorgan Chase & Co. reduced their price target on shares of Bloomin’ Brands from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, June 28th. Loop Capital initiated coverage on shares of Bloomin’ Brands in a report on Monday, July 22nd. They issued a “buy” rating and a $22.00 price target on the stock. Finally, MKM Partners set a $20.00 price target on shares of Bloomin’ Brands and gave the company a “buy” rating in a report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $21.80.

Shares of NASDAQ:BLMN traded down $0.52 on Friday, reaching $19.87. The company’s stock had a trading volume of 99,187 shares, compared to its average volume of 1,799,790. Bloomin’ Brands Inc has a 52-week low of $15.12 and a 52-week high of $22.22. The company has a market cap of $1.77 billion, a P/E ratio of 13.24, a PEG ratio of 1.37 and a beta of 0.27. The company has a 50-day simple moving average of $17.49 and a 200 day simple moving average of $18.89. The company has a debt-to-equity ratio of 15.18, a quick ratio of 0.21 and a current ratio of 0.30.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings data on Wednesday, July 31st. The restaurant operator reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Bloomin’ Brands had a net margin of 2.62% and a return on equity of 105.54%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the company posted $0.36 EPS. The business’s revenue was down 1.0% on a year-over-year basis. On average, equities research analysts forecast that Bloomin’ Brands Inc will post 1.58 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.01%. Bloomin’ Brands’s payout ratio is currently 26.67%.

Bloomin’ Brands 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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