Bloomin’ Brands, Inc. (NASDAQ:BLMN) Shares Sold by Raymond James Trust N.A.

Raymond James Trust N.A. trimmed its position in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 21.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,142 shares of the restaurant operator’s stock after selling 1,994 shares during the period. Raymond James Trust N.A.’s holdings in Bloomin’ Brands were worth $201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Advisors Asset Management Inc. acquired a new position in shares of Bloomin’ Brands in the 3rd quarter valued at $28,000. West Tower Group LLC acquired a new position in shares of Bloomin’ Brands in the 2nd quarter valued at $30,000. EverSource Wealth Advisors LLC increased its position in shares of Bloomin’ Brands by 683.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,261 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 1,100 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of Bloomin’ Brands in the 3rd quarter valued at $32,000. Finally, Money Concepts Capital Corp acquired a new position in shares of Bloomin’ Brands in the 4th quarter valued at $32,000.

Bloomin’ Brands Price Performance

NASDAQ:BLMN opened at $28.64 on Thursday. Bloomin’ Brands, Inc. has a 52 week low of $22.03 and a 52 week high of $30.13. The company has a quick ratio of 0.27, a current ratio of 0.34 and a debt-to-equity ratio of 1.89. The stock has a market capitalization of $2.49 billion, a PE ratio of 11.32 and a beta of 1.99. The stock’s 50-day moving average price is $27.38 and its 200-day moving average price is $25.69.

Bloomin’ Brands (NASDAQ:BLMN) last posted its earnings results on Friday, February 23rd. The restaurant operator reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. Bloomin’ Brands had a return on equity of 73.67% and a net margin of 5.30%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the firm earned $0.68 EPS. The company’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, equities analysts expect that Bloomin’ Brands, Inc. will post 2.55 EPS for the current fiscal year.

Bloomin’ Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend was Tuesday, March 5th. Bloomin’ Brands’s payout ratio is 37.94%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. BMO Capital Markets lifted their price objective on Bloomin’ Brands from $27.00 to $29.00 and gave the company a “market perform” rating in a research note on Monday, February 26th. Citigroup lifted their price objective on Bloomin’ Brands from $25.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Raymond James lifted their price objective on Bloomin’ Brands from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, January 3rd. Barclays lifted their price objective on Bloomin’ Brands from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, February 26th. Finally, JPMorgan Chase & Co. lowered Bloomin’ Brands from an “overweight” rating to a “neutral” rating and set a $26.00 price objective for the company. in a research note on Tuesday, January 23rd. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $27.90.

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.