Mutual of America Capital Management LLC Sells 140,227 Shares of Bloomin' Brands, Inc. (NASDAQ:BLMN)

Mutual of America Capital Management LLC reduced its stake in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 41.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 194,968 shares of the restaurant operator's stock after selling 140,227 shares during the quarter. Mutual of America Capital Management LLC owned 0.23% of Bloomin' Brands worth $3,223,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BLMN. O Shaughnessy Asset Management LLC grew its holdings in shares of Bloomin' Brands by 29.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 17,036 shares of the restaurant operator's stock worth $489,000 after purchasing an additional 3,903 shares in the last quarter. UniSuper Management Pty Ltd acquired a new stake in shares of Bloomin' Brands during the 1st quarter worth $642,000. Natixis acquired a new stake in Bloomin' Brands in the first quarter valued at about $562,000. EntryPoint Capital LLC boosted 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 buying an additional 3,292 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Bloomin' Brands by 3.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,125,008 shares of the restaurant operator's stock valued at $32,267,000 after buying an additional 41,128 shares in the last quarter.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Piper Sandler reduced their price objective on Bloomin' Brands from $20.00 to $16.00 and set a "neutral" rating on the stock in a research note on Monday, November 11th. StockNews.com raised Bloomin' Brands from a "sell" rating to a "hold" rating in a research note on Wednesday, November 6th. Bank of America cut their price target on Bloomin' Brands from $22.00 to $19.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 22nd. Citigroup cut their price target on Bloomin' Brands from $22.00 to $20.00 and set a "neutral" rating on the stock in a research note on Monday, August 19th. Finally, Barclays cut their price target on Bloomin' Brands from $20.00 to $19.00 and set an "overweight" rating on the stock in a research note on Monday, November 11th. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $19.70.

Bloomin' Brands Trading Up 3.1 %

NASDAQ BLMN opened at $13.19 on Friday. The company has a market cap of $1.12 billion, a price-to-earnings ratio of -119.90 and a beta of 2.04. Bloomin' Brands, Inc. has a 52 week low of $12.26 and a 52 week high of $30.13. The business has a 50 day moving average price of $15.70 and a 200-day moving average price of $17.98. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 4.46.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last announced its earnings results on Friday, November 8th. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. Bloomin' Brands had a positive return on equity of 62.18% and a negative net margin of 0.12%. The company had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $1.04 billion. During the same quarter in the previous year, the firm earned $0.44 earnings per share. Bloomin' Brands's quarterly revenue was down 5.1% on a year-over-year basis. As a group, equities analysts expect that Bloomin' Brands, Inc. will post 1.8 earnings per share for the current fiscal year.

Bloomin' Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Monday, November 25th will be given a $0.24 dividend. The ex-dividend date is Monday, November 25th. This represents a $0.96 annualized dividend and a yield of 7.28%. Bloomin' Brands's dividend payout ratio is currently -872.65%.

Bloomin' Brands Company 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.