California State Teachers Retirement System Sells 27,856 Shares of Bloomin' Brands Inc (BLMN)

California State Teachers Retirement System lowered its holdings in Bloomin' Brands Inc (NASDAQ:BLMN) by 15.8% during the third quarter, Holdings Channel reports. The fund owned 148,508 shares of the restaurant operator’s stock after selling 27,856 shares during the period. California State Teachers Retirement System’s holdings in Bloomin' Brands were worth $2,614,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Earnest Partners LLC lifted its holdings in Bloomin' Brands by 1.1% in the second quarter. Earnest Partners LLC now owns 3,955,188 shares of the restaurant operator’s stock worth $83,969,000 after acquiring an additional 43,963 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Bloomin' Brands by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 2,960,065 shares of the restaurant operator’s stock worth $52,097,000 after acquiring an additional 23,110 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in Bloomin' Brands by 0.4% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,270,893 shares of the restaurant operator’s stock worth $39,968,000 after acquiring an additional 8,286 shares during the last quarter. State Street Corp lifted its holdings in Bloomin' Brands by 2.3% in the second quarter. State Street Corp now owns 2,163,384 shares of the restaurant operator’s stock worth $45,931,000 after acquiring an additional 48,043 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Bloomin' Brands by 16.2% in the third quarter. JPMorgan Chase & Co. now owns 2,034,353 shares of the restaurant operator’s stock worth $35,622,000 after acquiring an additional 283,355 shares during the last quarter.

In other news, Chairman Elizabeth A. Smith sold 375,000 shares of Bloomin' Brands stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $20.79, for a total transaction of $7,796,250.00. Following the sale, the chairman now owns 206,235 shares of the company’s stock, valued at $4,287,625.65. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Elizabeth A. Smith sold 1,700 shares of Bloomin' Brands stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $17.00, for a total value of $28,900.00. Following the sale, the chief executive officer now directly owns 82,935 shares in the company, valued at approximately $1,409,895. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 551,878 shares of company stock worth $11,131,099. Corporate insiders own 7.04% of the company’s stock.

A number of brokerages have issued reports on BLMN. BidaskClub cut shares of Bloomin' Brands from a “buy” rating to a “hold” rating in a report on Thursday. Zacks Investment Research raised shares of Bloomin' Brands from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Jefferies Group reissued a “hold” rating and issued a $23.00 target price on shares of Bloomin' Brands in a report on Friday, December 22nd. Raymond James Financial cut shares of Bloomin' Brands from an “outperform” rating to a “market perform” rating and set a $24.00 target price on the stock. in a report on Wednesday, December 6th. Finally, Citigroup cut shares of Bloomin' Brands to a “market perform” rating in a report on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company’s stock. Bloomin' Brands has an average rating of “Hold” and a consensus price target of $21.36.

Shares of Bloomin' Brands Inc (NASDAQ:BLMN) opened at $22.35 on Friday. The firm has a market capitalization of $2,038.05, a P/E ratio of 17.86, a PEG ratio of 1.69 and a beta of 0.64. The company has a current ratio of 0.36, a quick ratio of 0.29 and a debt-to-equity ratio of 31.17. Bloomin' Brands Inc has a twelve month low of $16.11 and a twelve month high of $22.96.

Bloomin' Brands (NASDAQ:BLMN) last released its quarterly earnings results on Friday, November 3rd. The restaurant operator reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.04). The business had revenue of $948.90 million for the quarter, compared to the consensus estimate of $944.30 million. Bloomin' Brands had a net margin of 1.93% and a return on equity of 94.30%. The business’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period last year, the firm posted $0.19 EPS. sell-side analysts forecast that Bloomin' Brands Inc will post 1.33 EPS for the current year.

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

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