ProShare Advisors LLC Has $259,000 Holdings in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

ProShare Advisors LLC lessened its holdings in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 23.7% during the second quarter, Holdings Channel.com reports. The firm owned 13,474 shares of the restaurant operator’s stock after selling 4,183 shares during the quarter. ProShare Advisors LLC’s holdings in Bloomin’ Brands were worth $259,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Headlands Technologies LLC acquired a new position in shares of Bloomin’ Brands during the first quarter worth $30,000. EntryPoint Capital LLC raised its stake in Bloomin’ Brands by 6,454.9% during the first quarter. EntryPoint Capital LLC now owns 3,343 shares of the restaurant operator’s stock worth $96,000 after buying an additional 3,292 shares during the last quarter. AdvisorShares Investments LLC raised its stake in Bloomin’ Brands by 21.9% during the fourth quarter. AdvisorShares Investments LLC now owns 5,014 shares of the restaurant operator’s stock worth $141,000 after buying an additional 900 shares during the last quarter. Bayesian Capital Management LP bought a new position in Bloomin’ Brands during the first quarter worth $219,000. Finally, Duality Advisers LP bought a new position in Bloomin’ Brands during the first quarter worth $225,000.

Bloomin’ Brands Trading Up 3.6 %

NASDAQ:BLMN opened at $16.52 on Friday. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.35 and a quick ratio of 0.26. The firm has a 50-day moving average of $17.27 and a 200-day moving average of $20.88. The company has a market cap of $1.43 billion, a PE ratio of 25.81 and a beta of 2.04. Bloomin’ Brands, Inc. has a one year low of $15.20 and a one year high of $30.13.

Bloomin’ Brands (NASDAQ:BLMN) last posted its earnings results on Tuesday, August 6th. The restaurant operator reported $0.51 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.07). The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. Bloomin’ Brands had a return on equity of 61.90% and a net margin of 0.70%. The company’s revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.74 earnings per share. As a group, equities research analysts expect that Bloomin’ Brands, Inc. will post 2.08 EPS for the current fiscal year.

Bloomin’ Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 20th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.81%. The ex-dividend date was Tuesday, August 20th. Bloomin’ Brands’s payout ratio is presently 150.00%.

Analyst Ratings Changes

BLMN has been the subject of a number of analyst reports. StockNews.com raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Thursday. Morgan Stanley lowered their target price on shares of Bloomin’ Brands from $26.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. Citigroup lowered their target price on shares of Bloomin’ Brands from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, August 19th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Bloomin’ Brands from $26.00 to $19.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Finally, UBS Group decreased their price target on shares of Bloomin’ Brands from $26.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Bloomin’ Brands currently has a consensus rating of “Hold” and an average price target of $22.33.

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; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.