State of Alaska Department of Revenue Sells 7,617 Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN)

State of Alaska Department of Revenue lowered its holdings in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 15.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,155 shares of the restaurant operator’s stock after selling 7,617 shares during the period. State of Alaska Department of Revenue’s holdings in Bloomin’ Brands were worth $713,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in Bloomin’ Brands by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,553,719 shares of the restaurant operator’s stock valued at $49,105,000 after acquiring an additional 16,878 shares during the last quarter. Victory Capital Management Inc. raised its stake in Bloomin’ Brands by 29.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,492,119 shares of the restaurant operator’s stock worth $47,923,000 after purchasing an additional 569,855 shares in the last quarter. Principal Financial Group Inc. raised its stake in Bloomin’ Brands by 0.3% in the 2nd quarter. Principal Financial Group Inc. now owns 2,381,235 shares of the restaurant operator’s stock worth $45,791,000 after purchasing an additional 6,107 shares in the last quarter. Deprince Race & Zollo Inc. acquired a new stake in Bloomin’ Brands in the 2nd quarter worth about $28,672,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in Bloomin’ Brands by 3.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,125,008 shares of the restaurant operator’s stock valued at $32,267,000 after buying an additional 41,128 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. UBS Group decreased their target price on shares of Bloomin’ Brands from $26.00 to $18.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Bloomin’ Brands from $26.00 to $19.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. BMO Capital Markets cut their target price on shares of Bloomin’ Brands from $27.00 to $20.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 7th. Barclays cut their target price on shares of Bloomin’ Brands from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 22nd. Finally, Citigroup cut their target price on shares of Bloomin’ Brands from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, August 19th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $21.33.

Bloomin’ Brands Stock Up 8.0 %

Bloomin’ Brands stock opened at $16.99 on Thursday. The company has a quick ratio of 0.26, a current ratio of 0.35 and a debt-to-equity ratio of 3.46. Bloomin’ Brands, Inc. has a 12-month low of $15.14 and a 12-month high of $30.13. The firm’s fifty day moving average is $16.49 and its 200 day moving average is $18.98. The company has a market capitalization of $1.44 billion, a PE ratio of 65.35 and a beta of 2.04.

Bloomin’ Brands (NASDAQ:BLMN) last released its earnings results on Tuesday, August 6th. The restaurant operator reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.07). The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. Bloomin’ Brands had a net margin of 0.70% and a return on equity of 61.90%. The firm’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.74 EPS. As a group, sell-side analysts predict that Bloomin’ Brands, Inc. will post 2.07 EPS for the current fiscal year.

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