American National Insurance Co. TX maintained its position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 185,325 shares of the restaurant operator’s stock at the end of the second quarter. American National Insurance Co. TX owned approximately 0.18% of Bloomin’ Brands worth $3,934,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Ameritas Investment Partners Inc. acquired a new position in shares of Bloomin’ Brands during the first quarter worth approximately $173,000. Public Employees Retirement System of Ohio boosted its position in shares of Bloomin’ Brands by 8.6% in the first quarter. Public Employees Retirement System of Ohio now owns 8,794 shares of the restaurant operator’s stock worth $174,000 after buying an additional 693 shares during the last quarter. Integrated Investment Consultants LLC boosted its position in shares of Bloomin’ Brands by 20.1% in the first quarter. Integrated Investment Consultants LLC now owns 9,007 shares of the restaurant operator’s stock worth $178,000 after buying an additional 1,507 shares during the last quarter. New York State Teachers Retirement System boosted its position in shares of Bloomin’ Brands by 3.1% in the fourth quarter. New York State Teachers Retirement System now owns 10,100 shares of the restaurant operator’s stock worth $182,000 after buying an additional 300 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd acquired a new position in shares of Bloomin’ Brands during the first quarter worth approximately $211,000. Institutional investors and hedge funds own 98.24% of the company’s stock.
Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) opened at 17.16 on Friday. The company has a 50-day moving average price of $20.60 and a 200-day moving average price of $19.49. Bloomin’ Brands, Inc. has a 52 week low of $15.82 and a 52 week high of $22.16. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 19.02 and a beta of 0.72.
Bloomin’ Brands (NASDAQ:BLMN) last released its earnings results on Wednesday, July 26th. The restaurant operator reported $0.28 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.28. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.04 billion. Bloomin’ Brands had a return on equity of 74.68% and a net margin of 2.29%. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS. Equities analysts anticipate that Bloomin’ Brands, Inc. will post $1.42 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.86%. The ex-dividend date is Monday, August 7th. Bloomin’ Brands’s dividend payout ratio (DPR) is presently 35.56%.
Bloomin’ Brands declared that its Board of Directors has approved a stock buyback plan on Wednesday, April 26th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
A number of brokerages have commented on BLMN. TheStreet upgraded shares of Bloomin’ Brands from a “c” rating to a “b” rating in a research report on Wednesday, April 26th. Zacks Investment Research upgraded shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Morgan Stanley raised their target price on shares of Bloomin’ Brands from $18.00 to $19.00 and gave the stock an “underweight” rating in a report on Friday, April 28th. Wells Fargo & Co cut shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating and set a $22.00 target price on the stock. in a report on Friday, May 19th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $24.00 target price (up previously from $21.00) on shares of Bloomin’ Brands in a report on Monday, July 10th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. Bloomin’ Brands presently has an average rating of “Hold” and an average price target of $20.86.
About Bloomin’ Brands
Bloomin’ Brands, Inc is a holding company. The Company owns and operates casual, upscale casual and fine dining restaurants. The Company operates through two segments: U.S. and International. The U.S. segment includes all brands operating in the United States. The International segment includes brands operating outside the United States.
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