State of Alaska Department of Revenue Has $713,000 Stake in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

State of Alaska Department of Revenue decreased its stake in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 15.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 43,155 shares of the restaurant operator’s stock after selling 7,617 shares during the quarter. State of Alaska Department of Revenue’s holdings in Bloomin’ Brands were worth $713,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in BLMN. Headlands Technologies LLC bought a new position in shares of Bloomin’ Brands during the 1st quarter worth about $30,000. EntryPoint Capital LLC increased its stake in Bloomin’ Brands by 6,454.9% in the first quarter. EntryPoint Capital LLC now owns 3,343 shares of the restaurant operator’s stock valued at $96,000 after acquiring an additional 3,292 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in Bloomin’ Brands in the second quarter valued at about $111,000. Point72 DIFC Ltd bought a new stake in Bloomin’ Brands in the second quarter valued at about $169,000. Finally, Bayesian Capital Management LP bought a new stake in Bloomin’ Brands in the first quarter valued at about $219,000.

Analyst Upgrades and Downgrades

Several analysts have weighed in on BLMN shares. StockNews.com raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Bloomin’ Brands from $26.00 to $19.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Citigroup reduced their target price on shares of Bloomin’ Brands from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, August 19th. Bank of America cut their price objective on shares of Bloomin’ Brands from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. Finally, UBS Group cut their price objective on shares of Bloomin’ Brands from $26.00 to $18.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $21.33.

Bloomin’ Brands Stock Up 8.0 %

Shares of NASDAQ:BLMN opened at $16.99 on Thursday. The company has a 50 day moving average price of $16.49 and a two-hundred day moving average price of $18.98. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.26 and a current ratio of 0.35. Bloomin’ Brands, Inc. has a 52 week low of $15.14 and a 52 week high of $30.13. The company has a market capitalization of $1.44 billion, a PE ratio of 65.35 and a beta of 2.04.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.07). Bloomin’ Brands had a return on equity of 61.90% and a net margin of 0.70%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the company earned $0.74 EPS. The firm’s revenue was down 2.9% on a year-over-year basis. Analysts forecast that Bloomin’ Brands, Inc. will post 2.07 earnings per share for the current year.

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; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.