River & Mercantile Asset Management LLP reduced its holdings in the company during the third quarter, as indicated by the most recent statement that Bloomin’ Brands, INC made with the Securities and Exchange Commission (SEC).
The company’s stock is traded on the NASDAQ under the ticker symbol BLMN.
The corporation wound up with 72,995 of the restaurant operator’s stock after selling 6,880 shares throughout the period.
According to the most recent report that River & Mercantile Asset Management LLP was required to file with the SEC, the company held 0.08% of Bloomin’ Brands for a total value of $1,338,000.
On February 22, director Elizabeth A. Smith sold 64,295 shares of the company’s stock, which brings us to another piece of Bloomin’ Brands-related news.
This transaction took place at the beginning of this month.
The cost of purchasing all of the shares totaled $1,793,187.55, which works out to a price of $27.89 per share on average. Following the completion of the sale, the director will have a total of 243,594 shares of company stock.
The stock will have a value of $6,793,836.66 at the time of the sale.
Access to the legal file that details the transaction’s disclosure can be gained through the Securities and Exchange Commission’s (SEC) website.
This file can be found on the website. 4.18 company insiders own a percent of the total shares currently outstanding.
In addition, several prominent investors have changed the amount of stock or other assets they own in the company, and these changes have been made recently.
During the third quarter, AllianceBernstein L.P.
Increased the proportion of Bloomin’ Brands it owned by one-hundredth percent.
Alliancebernstein L.P. now has 141,127 shares of the restaurant operator’s stock, which can be valued at $2,587,000 thanks to purchasing an additional 1,363 shares during the most recent period.
During the third quarter, Bloomin’ Brands saw a 4.4% increase in the value of its investment in State Street Corporation.
The value of State Street Corporation’s total holdings has increased to $3,228,458 as a result of the company’s purchase of an additional 136,714 shares of the restaurant operator’s stock during the relevant period.
A new investment in the value of $1,506,000 was made in Bloomin’ Brands by Two Sigma Investments L.P.
During the third quarter of 2018.
Tabor Asset Management L.P.
Invested in Bloomin’ Brands in the amount of $790,000.
Bloomin’ Brands was the recipient of this investment.
This purchase was made during the third quarter of the fiscal year.
Last but not least, during the third quarter, Vanguard Group INC grew its stake in Bloomin’ Brands by 3.1%, making it its largest single ownership stake.
After making an additional purchase of 291,981 shares during the period in question, Vanguard Group INC now has 9,842,684 shares of the restaurant operator’s stock, which gives it a value of $180,417,000.
These shares were purchased during the period in question.
NASDAQ: BLMN started trading for the first time on Thursday for $25.41.
The stock is $24.89 when priced at the level corresponding to 50 days, but it is only $22.47 when priced at the level corresponding to 200 days.
The enterprise is currently valued at $2.23 billion, which can be attributed to several factors, including its P.E. ratio of 26.47, EPS growth rate of 0.70, and beta value of 1.87.
The debt-to-equity ratio is 3.04, the quick ratio is 0.27, and the current ratio is 0.35.
All of these figures are presented in the table below. Over the past year, Bloomin’ Brands, INC’s share price has moved in a range that has spanned from a low of $15.89 to a high of $28.46.
The most recent quarterly earnings report was made public by the company on February 16, and it was denoted by the ticker symbol NASDAQ: BLMN.
Regarding earnings per share for the quarter, the restaurant operator brought in $0.68, $0.05 more than the average prediction of $0.63.
In other words, the restaurant operator exceeded expectations.
Bloomin’ Brands had a successful performance, which resulted in a return on equity of 89.75% and a net margin of 2.31% for the company.
Despite predictions made by analysts that the company would bring in $1.12 billion in revenue during the quarter, the actual amount that the company was able to bring in was only $1.10 billion.
The company generated earnings of $0.60 per share during the same period the year before.
The revenue that Bloomin’ Brands brought in during the same quarter of the previous year was higher by 4.6% than during the current quarter.
Analysts in this sector forecast that Bloomin’ Brands, INC will generate earnings of $2.9 per share for the current fiscal year.
In addition, the business recently announced and proceeded with the distribution of a quarterly dividend, which took place on March 15 of this year. On March 1, stockholders on record as having shares as of March 1 were eligible to receive a dividend payment of $0.24 per share.
This equates to an annual dividend payment of $0.96 and a dividend yield of 3.78% when calculated annually.
The most recent quarterly dividend paid by Bloomin’ Brands was $0.14, so we can safely assume that this represents an increase compared to that amount. On February 28, a Tuesday, the dividends were disbursed to the shareholders.
The dividend payout ratio (DPR) for Bloomin’ Brands has completed its climb to 100 percent.