Raymond James & Associates Has $2.64 Million Stake in Bloomin' Brands, Inc. (NASDAQ:BLMN)

Raymond James & Associates cut its stake in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 50.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 159,839 shares of the restaurant operator's stock after selling 160,167 shares during the period. Raymond James & Associates owned 0.18% of Bloomin' Brands worth $2,642,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of BLMN. Headlands Technologies LLC acquired a new stake in shares of Bloomin' Brands during the 1st quarter worth approximately $30,000. EntryPoint Capital LLC grew its holdings in Bloomin' Brands by 6,454.9% during the first quarter. EntryPoint Capital LLC now owns 3,343 shares of the restaurant operator's stock valued at $96,000 after purchasing an additional 3,292 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Bloomin' Brands during the second quarter valued at approximately $111,000. Point72 DIFC Ltd acquired a new position in Bloomin' Brands during the second quarter valued at approximately $169,000. Finally, Bayesian Capital Management LP acquired a new position in Bloomin' Brands during the first quarter valued at approximately $219,000.

Bloomin' Brands Stock Performance

NASDAQ BLMN traded up $1.26 on Wednesday, hitting $16.99. 3,942,077 shares of the stock were exchanged, compared to its average volume of 1,464,379. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.35 and a quick ratio of 0.26. The business's fifty day moving average is $16.49 and its 200 day moving average is $18.98. 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 - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $0.51 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.07). Bloomin' Brands had a net margin of 0.70% and a return on equity of 61.90%. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the firm earned $0.74 earnings per share. Bloomin' Brands's revenue for the quarter was down 2.9% on a year-over-year basis. Research analysts anticipate that Bloomin' Brands, Inc. will post 2.07 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BLMN. Bank of America decreased their price objective on shares of Bloomin' Brands from $22.00 to $19.00 and set a "neutral" rating for the company in a report on Tuesday, October 22nd. UBS Group cut their price target on shares of Bloomin' Brands from $26.00 to $18.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 7th. StockNews.com raised shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a research note on Wednesday. Citigroup cut their price target on shares of 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, Morgan Stanley cut their price target on shares of Bloomin' Brands from $26.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 16th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Bloomin' Brands presently has an average rating of "Hold" and a consensus price target of $21.80.

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.