Metropolitan Life Insurance Co. NY Maintains Position in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Metropolitan Life Insurance Co. NY continued to hold its stake in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) during the first quarter, according to its most recent filing with the SEC. The firm owned 69,578 shares of the restaurant operator’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY owned 0.07% of Bloomin’ Brands worth $1,373,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in Bloomin’ Brands by 7.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 15,028 shares of the restaurant operator’s stock worth $271,000 after buying an additional 985 shares during the period. Sit Investment Associates Inc. increased its stake in Bloomin’ Brands by 423.8% in the first quarter. Sit Investment Associates Inc. now owns 32,475 shares of the restaurant operator’s stock worth $641,000 after buying an additional 26,275 shares during the period. Lazard Asset Management LLC increased its stake in Bloomin’ Brands by 4.5% in the first quarter. Lazard Asset Management LLC now owns 1,198,517 shares of the restaurant operator’s stock worth $23,646,000 after buying an additional 52,138 shares during the period. Foundry Partners LLC increased its stake in Bloomin’ Brands by 127.4% in the first quarter. Foundry Partners LLC now owns 588,737 shares of the restaurant operator’s stock worth $11,616,000 after buying an additional 329,855 shares during the period. Finally, TCW Group Inc. increased its stake in Bloomin’ Brands by 118.7% in the first quarter. TCW Group Inc. now owns 78,191 shares of the restaurant operator’s stock worth $1,543,000 after buying an additional 42,436 shares during the period.

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) traded up 0.80% during mid-day trading on Friday, hitting $17.74. 1,551,974 shares of the company were exchanged. The company’s 50-day moving average price is $19.29 and its 200-day moving average price is $19.47. The firm has a market capitalization of $1.75 billion, a P/E ratio of 19.67 and a beta of 0.72. Bloomin’ Brands, Inc. has a 12-month low of $15.82 and a 12-month high of $22.16.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings data on Wednesday, July 26th. The restaurant operator reported $0.28 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.28. Bloomin’ Brands had a net margin of 2.29% and a return on equity of 74.68%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the business earned $0.30 EPS. The business’s quarterly revenue was down 4.2% on a year-over-year basis. Equities research analysts predict that Bloomin’ Brands, Inc. will post $1.42 earnings per share for the current fiscal year.

Bloomin’ Brands declared that its Board of Directors has authorized a stock buyback program on Wednesday, April 26th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Monday, August 7th. Bloomin’ Brands’s dividend payout ratio (DPR) is presently 35.56%.

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BLMN has been the subject of a number of analyst reports. Deutsche Bank AG raised their price target on shares of Bloomin’ Brands from $20.00 to $21.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. TheStreet cut shares of Bloomin’ Brands from a “b” rating to a “c+” rating in a research note on Wednesday, July 26th. Zacks Investment Research cut shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. ValuEngine cut shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Wells Fargo & Company cut shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating and set a $22.00 price target for the company. in a research note on Friday, May 19th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $20.86.

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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