Dynamic Technology Lab Private Ltd Acquires Shares of 83,885 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 shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new position in Bloomin' Brands during the fourth quarter worth approximately $32,000. US Bancorp DE increased its position in shares of Bloomin' Brands by 505.7% in the first quarter. US Bancorp DE now owns 6,239 shares of the restaurant operator's stock worth $45,000 after acquiring an additional 5,209 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Bloomin' Brands by 28.9% in the first quarter. GAMMA Investing LLC now owns 6,304 shares of the restaurant operator's stock worth $45,000 after acquiring an additional 1,414 shares in the last quarter. Headlands Technologies LLC increased its position in shares of Bloomin' Brands by 294.4% in the first quarter. Headlands Technologies LLC now owns 8,709 shares of the restaurant operator's stock worth $62,000 after acquiring an additional 6,501 shares in the last quarter. Finally, State of Wyoming increased its position in shares of Bloomin' Brands by 99.5% in the fourth quarter. State of Wyoming now owns 10,319 shares of the restaurant operator's stock worth $126,000 after acquiring an additional 5,146 shares in the last quarter.

Bloomin' Brands Stock Down 2.0%

BLMN traded down $0.14 during trading hours on Friday, reaching $6.78. 1,446,131 shares of the stock traded hands, compared to its average volume of 2,248,451. The firm's fifty day simple moving average is $8.15 and its two-hundred day simple moving average is $8.18. The company has a market cap of $576.77 million, a price-to-earnings ratio of -135.60 and a beta of 1.23. Bloomin' Brands, Inc. has a fifty-two week low of $6.09 and a fifty-two week high of $17.78. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.43 and a quick ratio of 0.35.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The restaurant operator reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.05. Bloomin' Brands had a negative net margin of 0.12% and a positive return on equity of 44.03%. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $974.69 million. During the same period last year, the business earned $0.51 EPS. The business's revenue was up .3% on a year-over-year basis. As a group, analysts forecast that Bloomin' Brands, Inc. will post 1.8 earnings per share for the current fiscal year.

Bloomin' Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 8.8%. The ex-dividend date was Tuesday, August 19th. Bloomin' Brands's dividend payout ratio is -1,200.00%.

Wall Street Analysts Forecast Growth

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

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.