Bridgefront Capital LLC acquired a new stake in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 39,963 shares of the restaurant operator's stock, valued at approximately $488,000.
Several other large investors have also recently modified their holdings of the stock. Headlands Technologies LLC bought a new stake in Bloomin' Brands in the fourth quarter valued at approximately $27,000. Meeder Asset Management Inc. purchased a new stake in Bloomin' Brands during the 4th quarter valued at $41,000. New Age Alpha Advisors LLC purchased a new stake in Bloomin' Brands during the 4th quarter valued at $45,000. GAMMA Investing LLC grew its holdings in Bloomin' Brands by 606.6% in the 4th quarter. GAMMA Investing LLC now owns 4,890 shares of the restaurant operator's stock worth $60,000 after acquiring an additional 4,198 shares during the last quarter. Finally, Entropy Technologies LP purchased a new stake in shares of Bloomin' Brands during the fourth quarter worth about $140,000.
Insider Activity
In related news, EVP Patrick M. Hafner sold 9,555 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $8.32, for a total transaction of $79,497.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is owned by corporate insiders.
Bloomin' Brands Stock Up 15.0%
Bloomin' Brands stock traded up $1.10 during mid-day trading on Monday, reaching $8.40. The stock had a trading volume of 2,001,819 shares, compared to its average volume of 2,008,400. Bloomin' Brands, Inc. has a one year low of $6.09 and a one year high of $24.50. The company has a 50-day moving average price of $7.85 and a two-hundred day moving average price of $11.00. The company has a market capitalization of $713.00 million, a price-to-earnings ratio of -76.33 and a beta of 1.30. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.22.
Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The restaurant operator reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.02. Bloomin' Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the firm earned $0.70 earnings per share. The firm's quarterly revenue was down 1.8% compared to the same quarter last year. On average, analysts expect that Bloomin' Brands, Inc. will post 1.8 EPS for the current fiscal year.
Bloomin' Brands Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 7.15%. The ex-dividend date of this dividend is Tuesday, May 20th. Bloomin' Brands's dividend payout ratio (DPR) is -2,000.00%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on BLMN shares. The Goldman Sachs Group cut their price objective on Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating on the stock in a research report on Thursday, February 27th. StockNews.com raised Bloomin' Brands from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. BMO Capital Markets reduced their price objective on shares of Bloomin' Brands from $16.00 to $12.00 and set a "market perform" rating on the stock in a research report on Thursday, February 27th. Bank of America cut shares of Bloomin' Brands from a "neutral" rating to an "underperform" rating and dropped their target price for the stock from $18.00 to $13.00 in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Bloomin' Brands from $10.00 to $9.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Two research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $13.75.
Check Out Our Latest Stock Analysis on Bloomin' Brands
Bloomin' Brands Company Profile
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Free Report)
Bloomin' Brands, Inc engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.
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