New York State Teachers Retirement System Has $202,000 Stake in Bloomin’ Brands (BLMN)

New York State Teachers Retirement System grew its position in Bloomin’ Brands (NASDAQ:BLMN) by 48.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,300 shares of the restaurant operator’s stock after buying an additional 2,700 shares during the quarter. New York State Teachers Retirement System’s holdings in Bloomin’ Brands were worth $202,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Earnest Partners LLC raised its position in shares of Bloomin’ Brands by 30.9% in the 4th quarter. Earnest Partners LLC now owns 5,268,819 shares of the restaurant operator’s stock valued at $112,437,000 after buying an additional 1,245,120 shares in the last quarter. LSV Asset Management raised its position in shares of Bloomin’ Brands by 15.9% in the 4th quarter. LSV Asset Management now owns 3,517,296 shares of the restaurant operator’s stock valued at $75,059,000 after buying an additional 482,900 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its position in shares of Bloomin’ Brands by 0.3% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,277,021 shares of the restaurant operator’s stock valued at $48,592,000 after buying an additional 6,128 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Bloomin’ Brands by 0.6% in the 1st quarter. Wells Fargo & Company MN now owns 1,298,897 shares of the restaurant operator’s stock valued at $31,538,000 after buying an additional 7,958 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Bloomin’ Brands by 226.7% in the 4th quarter. Millennium Management LLC now owns 872,560 shares of the restaurant operator’s stock valued at $18,620,000 after buying an additional 605,511 shares in the last quarter. Institutional investors own 97.39% of the company’s stock.

Bloomin’ Brands opened at $22.01 on Friday, MarketBeat reports. The company has a market cap of $2.05 billion, a P/E ratio of 14.52, a P/E/G ratio of 1.60 and a beta of 0.35. Bloomin’ Brands has a 1 year low of $21.92 and a 1 year high of $22.31. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 10.30.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings results on Thursday, April 26th. The restaurant operator reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.13. Bloomin’ Brands had a net margin of 2.91% and a return on equity of 198.45%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the company posted $0.58 EPS. The company’s revenue was down 3.3% on a year-over-year basis. research analysts expect that Bloomin’ Brands will post 1.43 earnings per share for the current fiscal year.

Bloomin’ Brands declared that its Board of Directors has initiated a stock buyback plan on Thursday, February 22nd that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the restaurant operator to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 18th. Shareholders of record on Monday, May 7th will be given a $0.09 dividend. This is a boost from Bloomin’ Brands’s previous quarterly dividend of $0.06. This represents a $0.36 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Friday, May 4th. Bloomin’ Brands’s dividend payout ratio is 26.47%.

In other Bloomin’ Brands news, EVP Gregg Scarlett sold 84,374 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $23.78, for a total value of $2,006,413.72. Following the completion of the transaction, the executive vice president now directly owns 11,723 shares in the company, valued at approximately $278,772.94. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Donagh Herlihy sold 195,333 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $24.00, for a total transaction of $4,687,992.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,872,077 shares of company stock valued at $45,591,139. Corporate insiders own 7.47% of the company’s stock.

Several equities analysts have recently commented on BLMN shares. Zacks Investment Research upgraded shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Thursday, January 18th. BidaskClub cut shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a research report on Thursday, April 12th. ValuEngine upgraded shares of Bloomin’ Brands from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 3rd. Goldman Sachs reiterated a “sell” rating on shares of Bloomin’ Brands in a research report on Friday, January 19th. Finally, BMO Capital Markets set a $27.00 price objective on shares of Bloomin’ Brands and gave the stock a “buy” rating in a research report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. Bloomin’ Brands currently has an average rating of “Hold” and an average target price of $23.67.

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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