Aigen Investment Management LP Takes Position in Bloomin' Brands, Inc. $BLMN

Key Points

• Aigen Investment Management LP has acquired 52,201 shares of Bloomin' Brands, valued at approximately $374,000, marking their first stake in the company.
• Bloomin' Brands recently reported $1 billion in revenue for the quarter, exceeding analysts' expectations, with an earnings per share (EPS) of $0.33.
• The company has declared a quarterly dividend of $0.15, resulting in an annualized yield of 8.4%, with the dividend payout ratio currently at -1,200.00%.

Aigen Investment Management LP purchased a new stake in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 52,201 shares of the restaurant operator's stock, valued at approximately $374,000. Aigen Investment Management LP owned approximately 0.06% of Bloomin' Brands at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BLMN. Public Employees Retirement System of Ohio acquired a new stake in Bloomin' Brands during the 4th quarter valued at approximately $32,000. GAMMA Investing LLC increased its position in shares of Bloomin' Brands by 28.9% in the 1st quarter. GAMMA Investing LLC now owns 6,304 shares of the restaurant operator's stock worth $45,000 after purchasing an additional 1,414 shares during the last quarter. US Bancorp DE raised its stake in shares of 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 purchasing an additional 5,209 shares in the last quarter. Headlands Technologies LLC lifted its position in shares of Bloomin' Brands by 294.4% during the first quarter. Headlands Technologies LLC now owns 8,709 shares of the restaurant operator's stock worth $62,000 after purchasing an additional 6,501 shares during the last quarter. Finally, CWM LLC grew its stake in Bloomin' Brands by 1,342.4% in the first quarter. CWM LLC now owns 10,602 shares of the restaurant operator's stock worth $76,000 after purchasing an additional 9,867 shares in the last quarter.

Bloomin' Brands Stock Performance

BLMN stock traded up $0.28 on Monday, reaching $7.28. The company's stock had a trading volume of 1,706,163 shares, compared to its average volume of 2,662,775. The firm has a fifty day moving average of $8.93 and a two-hundred day moving average of $8.81. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.43 and a quick ratio of 0.35. The company has a market capitalization of $618.87 million, a P/E ratio of -145.70 and a beta of 1.32. Bloomin' Brands, Inc. has a 52 week low of $6.09 and a 52 week high of $18.72.

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

Bloomin' Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date of this dividend is Tuesday, August 19th. Bloomin' Brands's dividend payout ratio (DPR) is presently -1,200.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on BLMN shares. UBS Group reduced their target price on Bloomin' Brands from $13.00 to $8.50 and set a "neutral" rating on the stock in a report on Monday, May 5th. The Goldman Sachs Group reduced their price objective on Bloomin' Brands from $8.00 to $6.50 and set a "sell" rating on the stock in a research note on Thursday, August 7th. BMO Capital Markets lowered their target price on shares of Bloomin' Brands from $10.00 to $8.00 and set a "market perform" rating for the company in a research note on Thursday, August 7th. JPMorgan Chase & Co. raised their price target 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, Barclays lowered 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. Two investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company's stock. According to data from MarketBeat, Bloomin' Brands presently has a consensus rating of "Hold" and an average price target of $11.00.

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.