Skylands Capital LLC Has $3.49 Million Holdings in Bloomin’ Brands, Inc. (BLMN)

Skylands Capital LLC boosted its position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 18.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 198,200 shares of the restaurant operator’s stock after buying an additional 30,200 shares during the period. Skylands Capital LLC owned approximately 0.20% of Bloomin’ Brands worth $3,488,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Bloomin’ Brands by 10.2% during the second 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 in the last quarter. PNC Financial Services Group Inc. grew its stake in Bloomin’ Brands by 83.2% during the second quarter. PNC Financial Services Group Inc. now owns 7,647 shares of the restaurant operator’s stock worth $162,000 after buying an additional 3,472 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in Bloomin’ Brands by 8.6% during 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 in the last quarter. Parametrica Management Ltd acquired a new stake in Bloomin’ Brands during the second quarter worth about $201,000. Finally, SG Americas Securities LLC grew its stake in Bloomin’ Brands by 4.8% during the second quarter. SG Americas Securities LLC now owns 9,662 shares of the restaurant operator’s stock worth $205,000 after buying an additional 439 shares in the last quarter. Hedge funds and other institutional investors own 99.89% of the company’s stock.

A number of equities research analysts have issued reports on BLMN shares. Barclays PLC reduced their price objective on shares of Bloomin’ Brands from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 18th. TheStreet downgraded shares of Bloomin’ Brands from a “b” rating to a “c+” rating in a research note on Wednesday, July 26th. ValuEngine downgraded shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Deutsche Bank AG reiterated 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 upgraded shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $20.78.

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Bloomin’ Brands, Inc. (BLMN) traded down 2.00% during trading on Monday, reaching $17.65. 264,380 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $17.31 and a 200-day moving average of $19.23. The stock has a market cap of $1.74 billion, a PE ratio of 19.57 and a beta of 0.65. Bloomin’ Brands, Inc. has a 12 month low of $15.82 and a 12 month high of $22.16.

Bloomin’ Brands (NASDAQ:BLMN) last released its earnings results on Wednesday, July 26th. The restaurant operator reported $0.28 EPS for the quarter, hitting analysts’ consensus estimates of $0.28. Bloomin’ Brands had a return on equity of 74.68% and a net margin of 2.29%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the firm posted $0.30 earnings per share. The company’s quarterly revenue was down 4.2% on a year-over-year basis. On average, equities research analysts anticipate that Bloomin’ Brands, Inc. will post $1.41 earnings per share for the current fiscal year.

Bloomin’ Brands 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.

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

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