Dynamic Technology Lab Private Ltd Makes New $601,000 Investment in Bloomin' Brands, Inc. $BLMN

Key Points

• Dynamic Technology Lab Private Ltd acquired 83,885 shares of Bloomin' Brands, valued at approximately $601,000, representing a new position in the company.
• Bloomin' Brands recently declared a quarterly dividend of $0.15, with a yield of 8.7%, despite a notably high dividend payout ratio of -1,200.00%.
• Analysts have adjusted their price targets for Bloomin' Brands, with Barclays lowering its estimate from $9.00 to $7.00, while Morgan Stanley increased its target from $9.00 to $10.00, reflecting mixed sentiments on the company's performance.

Dynamic Technology Lab Private Ltd purchased a new position in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 83,885 shares of the restaurant operator's stock, valued at approximately $601,000. Dynamic Technology Lab Private Ltd owned about 0.10% of Bloomin' Brands at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in BLMN. Public Employees Retirement System of Ohio acquired a new stake in Bloomin' Brands in the 4th quarter valued at approximately $32,000. GAMMA Investing LLC increased its position in Bloomin' Brands by 28.9% in the 1st quarter. GAMMA Investing LLC now owns 6,304 shares of the restaurant operator's stock valued at $45,000 after acquiring an additional 1,414 shares during the period. US Bancorp DE increased its position in Bloomin' Brands by 505.7% in the 1st quarter. US Bancorp DE now owns 6,239 shares of the restaurant operator's stock valued at $45,000 after acquiring an additional 5,209 shares during the period. Headlands Technologies LLC increased its position in Bloomin' Brands by 294.4% in the 1st quarter. Headlands Technologies LLC now owns 8,709 shares of the restaurant operator's stock valued at $62,000 after acquiring an additional 6,501 shares during the period. Finally, CWM LLC increased its position in Bloomin' Brands by 1,342.4% in the 1st quarter. CWM LLC now owns 10,602 shares of the restaurant operator's stock valued at $76,000 after acquiring an additional 9,867 shares during the period.

Analyst Ratings Changes

Several equities analysts have recently issued reports on BLMN shares. BMO Capital Markets lowered their price target on Bloomin' Brands from $10.00 to $8.00 and set a "market perform" rating on the stock in a research report on Thursday, August 7th. The Goldman Sachs Group lowered their price target on Bloomin' Brands from $8.00 to $6.50 and set a "sell" rating on the stock in a research report on Thursday, August 7th. Barclays lowered their price target on Bloomin' Brands from $9.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 6th. Morgan Stanley lifted their price target on Bloomin' Brands from $9.00 to $10.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. Finally, JPMorgan Chase & Co. lifted their price target on Bloomin' Brands from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Wednesday, June 25th. Seven investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average price target of $9.88.

Bloomin' Brands Stock Up 2.0%

Shares of Bloomin' Brands stock traded up $0.14 during midday trading on Monday, hitting $6.92. The company's stock had a trading volume of 310,754 shares, compared to its average volume of 2,613,621. The firm has a market capitalization of $588.25 million, a P/E ratio of -138.50 and a beta of 1.23. The stock has a 50-day simple moving average of $8.15 and a 200-day simple moving average of $8.16. The company has a quick ratio of 0.35, a current ratio of 0.43 and a debt-to-equity ratio of 2.29. Bloomin' Brands, Inc. has a 1-year low of $6.09 and a 1-year high of $17.78.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last issued its earnings results on Wednesday, August 6th. The restaurant operator reported $0.33 EPS for the quarter, topping the consensus estimate of $0.28 by $0.05. The business had revenue of $1 billion during the quarter, compared to analysts' expectations of $974.69 million. Bloomin' Brands had a positive return on equity of 44.03% and a negative net margin of 0.12%.Bloomin' Brands's revenue was up .3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 earnings per share. As a group, sell-side analysts expect that Bloomin' Brands, Inc. will post 1.8 earnings per share for the current year.

Bloomin' Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 19th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $0.60 dividend on an annualized basis and a yield of 8.7%. Bloomin' Brands's dividend payout ratio (DPR) is presently -1,200.00%.

About Bloomin' Brands

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.