UBS Asset Management Americas Inc. Has $1.55 Million Position in Bloomin’ Brands, Inc. (BLMN)

UBS Asset Management Americas Inc. trimmed its position in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 9.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,907 shares of the restaurant operator’s stock after selling 7,185 shares during the quarter. UBS Asset Management Americas Inc. owned 0.07% of Bloomin’ Brands worth $1,548,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Bloomin’ Brands by 10.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,144 shares of the restaurant operator’s stock worth $109,000 after buying an additional 476 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Bloomin’ Brands by 83.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 7,647 shares of the restaurant operator’s stock worth $162,000 after purchasing an additional 3,472 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Bloomin’ Brands by 8.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 8,794 shares of the restaurant operator’s stock worth $174,000 after purchasing an additional 693 shares during the last quarter. Parametrica Management Ltd purchased a new stake in shares of Bloomin’ Brands during the 2nd quarter worth $201,000. Finally, SG Americas Securities LLC lifted its stake in shares of Bloomin’ Brands by 4.8% during the 2nd quarter. SG Americas Securities LLC now owns 9,662 shares of the restaurant operator’s stock worth $205,000 after purchasing an additional 439 shares during the last quarter.

Bloomin’ Brands, Inc. (NASDAQ:BLMN) opened at 17.98 on Friday. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 19.93 and a beta of 0.65. The stock has a 50 day moving average price of $17.34 and a 200-day moving average price of $19.19. Bloomin’ Brands, Inc. has a one year low of $15.82 and a one year high of $22.16.

Bloomin’ Brands (NASDAQ:BLMN) last issued its earnings results on Wednesday, July 26th. The restaurant operator reported $0.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.28. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.04 billion. Bloomin’ Brands had a net margin of 2.29% and a return on equity of 74.68%. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the business posted $0.30 EPS. On average, analysts predict that Bloomin’ Brands, Inc. will post $1.40 earnings per share for the current fiscal year.

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A number of equities research analysts recently weighed in on BLMN shares. Barclays PLC decreased their price objective on Bloomin’ Brands from $23.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, October 18th. TheStreet cut Bloomin’ Brands from a “b” rating to a “c+” rating in a research note on Wednesday, July 26th. ValuEngine cut Bloomin’ Brands from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Deutsche Bank AG restated a “hold” rating and set a $24.00 price objective (up from $21.00) on shares of Bloomin’ Brands in a research note on Monday, July 10th. Finally, Zacks Investment Research raised Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $20.78.

Bloomin’ Brands Company Profile

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.

Institutional Ownership by Quarter for Bloomin` Brands (NASDAQ:BLMN)

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