Barclays PLC Sells 85,376 Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Barclays PLC cut its position in Bloomin’ Brands, Inc. (NASDAQ:BLMNFree Report) by 33.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 167,046 shares of the restaurant operator’s stock after selling 85,376 shares during the period. Barclays PLC’s holdings in Bloomin’ Brands were worth $4,107,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Jump Financial LLC bought a new position in Bloomin’ Brands in the 3rd quarter valued at about $759,000. State of New Jersey Common Pension Fund D lifted its position in Bloomin’ Brands by 22.0% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 100,286 shares of the restaurant operator’s stock valued at $2,697,000 after acquiring an additional 18,080 shares in the last quarter. Arizona State Retirement System lifted its position in Bloomin’ Brands by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 24,608 shares of the restaurant operator’s stock valued at $662,000 after acquiring an additional 442 shares in the last quarter. Annex Advisory Services LLC lifted its position in Bloomin’ Brands by 53.4% in the 3rd quarter. Annex Advisory Services LLC now owns 291,389 shares of the restaurant operator’s stock valued at $7,165,000 after acquiring an additional 101,393 shares in the last quarter. Finally, BW Gestao de Investimentos Ltda. bought a new position in Bloomin’ Brands in the 3rd quarter valued at about $7,812,000.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on BLMN shares. Deutsche Bank Aktiengesellschaft began coverage on shares of Bloomin’ Brands in a research report on Thursday, October 19th. They issued a “hold” rating and a $25.00 price target on the stock. Barclays lifted their target price on shares of Bloomin’ Brands from $27.00 to $31.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 3rd. BMO Capital Markets dropped their target price on shares of Bloomin’ Brands from $25.00 to $24.00 and set a “market perform” rating on the stock in a research report on Tuesday, November 7th. UBS Group dropped their target price on shares of Bloomin’ Brands from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, November 2nd. Finally, JPMorgan Chase & Co. cut shares of Bloomin’ Brands from an “overweight” rating to a “neutral” rating and set a $26.00 target price on the stock. in a research report on Tuesday, January 23rd. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $27.36.

View Our Latest Stock Analysis on BLMN

Bloomin’ Brands Trading Down 0.7 %

NASDAQ:BLMN opened at $27.17 on Friday. Bloomin’ Brands, Inc. has a 12 month low of $22.03 and a 12 month high of $28.75. The stock has a market capitalization of $2.36 billion, a PE ratio of 10.10, a price-to-earnings-growth ratio of 2.11 and a beta of 2.02. The company has a current ratio of 0.28, a quick ratio of 0.21 and a debt-to-equity ratio of 1.99. The firm’s 50 day moving average is $26.33 and its 200 day moving average is $25.45.

About Bloomin’ Brands

(Free Report)

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.

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Institutional Ownership by Quarter for Bloomin' Brands (NASDAQ:BLMN)

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