Bloomin' Brands, Inc. (NASDAQ:BLMN) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its position in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 4.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,380,068 shares of the restaurant operator's stock after selling 112,051 shares during the quarter. Victory Capital Management Inc. owned 2.80% of Bloomin' Brands worth $39,343,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in BLMN. SG Americas Securities LLC grew its holdings in Bloomin' Brands by 219.2% during the 2nd quarter. SG Americas Securities LLC now owns 165,705 shares of the restaurant operator's stock worth $3,187,000 after acquiring an additional 113,798 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Bloomin' Brands during the second quarter valued at approximately $563,000. Edgestream Partners L.P. purchased a new position in Bloomin' Brands during the second quarter valued at approximately $711,000. Easterly Investment Partners LLC raised its stake in Bloomin' Brands by 4.2% in the second quarter. Easterly Investment Partners LLC now owns 588,864 shares of the restaurant operator's stock worth $11,324,000 after buying an additional 23,466 shares in the last quarter. Finally, Xcel Wealth Management LLC lifted its holdings in Bloomin' Brands by 19.4% during the third quarter. Xcel Wealth Management LLC now owns 248,078 shares of the restaurant operator's stock worth $4,101,000 after buying an additional 40,225 shares during the period.

Bloomin' Brands Stock Performance

Shares of NASDAQ BLMN traded down $0.23 during mid-day trading on Friday, hitting $13.20. The stock had a trading volume of 2,202,494 shares, compared to its average volume of 1,517,797. The company has a 50 day moving average of $16.05 and a two-hundred day moving average of $18.41. Bloomin' Brands, Inc. has a twelve month low of $13.07 and a twelve month high of $30.13. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.26 and a current ratio of 0.31. The firm has a market cap of $1.12 billion, a PE ratio of -119.99 and a beta of 2.04.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last announced its quarterly earnings data on Friday, November 8th. The restaurant operator reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.04 billion. The company's revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.44 earnings per share. Research analysts predict that Bloomin' Brands, Inc. will post 1.81 EPS 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 paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 7.27%. The ex-dividend date of this dividend is Monday, November 25th. Bloomin' Brands's payout ratio is -872.65%.

Analyst Ratings Changes

Several research firms have recently commented on BLMN. Deutsche Bank Aktiengesellschaft reduced their price target on Bloomin' Brands from $26.00 to $19.00 and set a "hold" rating for the company in a research report on Wednesday, August 7th. StockNews.com raised shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a research report on Wednesday, November 6th. Raymond James lowered shares of Bloomin' Brands from an "outperform" rating to a "market perform" rating in a research note on Monday, November 11th. UBS Group lowered their target price on shares of Bloomin' Brands from $26.00 to $18.00 and set a "neutral" rating for the company in a research note on Wednesday, August 7th. Finally, Citigroup reduced their price target on Bloomin' Brands from $22.00 to $20.00 and set a "neutral" rating on the stock in a research report on Monday, August 19th. Ten investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Bloomin' Brands presently has a consensus rating of "Hold" and a consensus target price of $19.70.

About Bloomin' Brands

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.