BW Gestao de Investimentos Ltda. Has $4.05 Million Position in Bloomin' Brands, Inc. (NASDAQ:BLMN)

BW Gestao de Investimentos Ltda. boosted its stake in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 17.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 332,060 shares of the restaurant operator's stock after purchasing an additional 50,000 shares during the quarter. BW Gestao de Investimentos Ltda. owned about 0.39% of Bloomin' Brands worth $4,054,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Headlands Technologies LLC acquired a new position in Bloomin' Brands in the 4th quarter valued at $27,000. Meeder Asset Management Inc. acquired a new position in shares of Bloomin' Brands in the fourth quarter valued at about $41,000. New Age Alpha Advisors LLC acquired a new stake in Bloomin' Brands in the 4th quarter worth about $45,000. GAMMA Investing LLC boosted 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 valued at $60,000 after purchasing an additional 4,198 shares during the period. Finally, Entropy Technologies LP acquired a new position in shares of Bloomin' Brands during the 4th quarter worth approximately $140,000.

Insider Buying and Selling at Bloomin' Brands

In related news, EVP Patrick M. Hafner sold 9,555 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $8.32, for a total value of $79,497.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.00% of the company's stock.

Bloomin' Brands Price Performance

Shares of NASDAQ BLMN traded down $0.67 during midday trading on Wednesday, reaching $7.26. 4,096,276 shares of the company were exchanged, compared to its average volume of 1,987,511. Bloomin' Brands, Inc. has a one year low of $6.09 and a one year high of $24.50. The stock has a market cap of $616.60 million, a P/E ratio of -65.99 and a beta of 1.30. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 4.46. The stock's 50-day moving average price is $7.93 and its 200-day moving average price is $11.21.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last posted its earnings results on Wednesday, May 7th. The restaurant operator reported $0.59 EPS for the quarter, beating the consensus estimate of $0.57 by $0.02. Bloomin' Brands had a positive return on equity of 62.18% and a negative net margin of 0.12%. During the same period in the prior 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, sell-side analysts anticipate that Bloomin' Brands, Inc. will post 1.8 earnings per share for the current fiscal year.

Bloomin' Brands Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $0.60 dividend on an annualized basis and a yield of 8.26%. Bloomin' Brands's payout ratio is -40.27%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on BLMN shares. StockNews.com raised Bloomin' Brands from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. Bank of America lowered Bloomin' Brands from a "neutral" rating to an "underperform" rating and reduced their target price for the stock from $18.00 to $13.00 in a report on Monday, January 27th. UBS Group dropped their price target on Bloomin' Brands from $13.00 to $8.50 and set a "neutral" rating for the company in a research note on Monday. The Goldman Sachs Group reduced their price objective on shares of Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating on the stock in a research note on Thursday, February 27th. Finally, Barclays dropped their target price on shares of Bloomin' Brands from $11.00 to $9.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $13.85.

Bloomin' Brands Profile

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.