Victory Capital Management Inc. Sells 112,051 Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Victory Capital Management Inc. lessened its position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 4.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,380,068 shares of the restaurant operator’s stock after selling 112,051 shares during the period. Victory Capital Management Inc. owned approximately 2.80% of Bloomin’ Brands worth $39,343,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. SummerHaven Investment Management LLC lifted its holdings in shares of Bloomin’ Brands by 2.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 27,857 shares of the restaurant operator’s stock worth $536,000 after acquiring an additional 718 shares during the period. Verdence Capital Advisors LLC lifted its holdings in shares of Bloomin’ Brands by 6.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 12,676 shares of the restaurant operator’s stock worth $210,000 after acquiring an additional 780 shares during the period. Headlands Technologies LLC bought a new position in Bloomin’ Brands in the 1st quarter valued at approximately $30,000. Hsbc Holdings PLC lifted its stake in Bloomin’ Brands by 8.7% in the 2nd quarter. Hsbc Holdings PLC now owns 13,567 shares of the restaurant operator’s stock valued at $258,000 after purchasing an additional 1,083 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in Bloomin’ Brands by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 17,657 shares of the restaurant operator’s stock valued at $506,000 after purchasing an additional 1,216 shares during the last quarter.

Bloomin’ Brands Trading Down 1.7 %

BLMN opened at $13.20 on Friday. Bloomin’ Brands, Inc. has a twelve month low of $13.07 and a twelve month high of $30.13. The company has a quick ratio of 0.26, a current ratio of 0.31 and a debt-to-equity ratio of 4.46. The company has a fifty day moving average of $16.13 and a 200-day moving average of $18.51. The stock has a market cap of $1.12 billion, a PE ratio of -119.99 and a beta of 2.04.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings data on Friday, November 8th. The restaurant operator reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.02. Bloomin’ Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the company posted $0.44 earnings per share. Bloomin’ Brands’s revenue for the quarter was down 5.1% compared to the same quarter last year. On average, sell-side analysts predict that Bloomin’ Brands, Inc. will post 1.81 EPS for the current year.

Bloomin’ Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Monday, November 25th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 7.27%. The ex-dividend date of this dividend is Monday, November 25th. Bloomin’ Brands’s dividend payout ratio (DPR) is presently -872.65%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. StockNews.com raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Raymond James downgraded shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. Citigroup dropped their price objective 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 dropped their price objective 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, JPMorgan Chase & Co. dropped their price objective on shares of Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Bloomin’ Brands currently has a consensus rating of “Hold” and an average target price of $19.70.

Bloomin’ Brands Company 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.