American Century Companies Inc. Lowers Holdings in Bloomin' Brands, Inc. $BLMN

Key Points

• American Century Companies Inc. reduced its stake in Bloomin' Brands, Inc. by 5.8%, owning 1.99% of the company worth approximately $12.11 million after selling over 103,000 shares.
• Analysts have mixed views on Bloomin' Brands, with target prices ranging from $7.00 to $10.00 and an average rating of "Reduce" based on recent reports.
• Bloomin' Brands has declared a quarterly dividend of $0.15 per share, representing an annual yield of 8.4% despite a significant negative dividend payout ratio of -1,200.00%.

American Century Companies Inc. trimmed its holdings in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 5.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,688,334 shares of the restaurant operator's stock after selling 103,032 shares during the period. American Century Companies Inc. owned approximately 1.99% of Bloomin' Brands worth $12,105,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of BLMN. GAMMA Investing LLC lifted 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 purchasing an additional 1,414 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Bloomin' Brands by 402.2% during the first quarter. Farther Finance Advisors LLC now owns 29,362 shares of the restaurant operator's stock worth $226,000 after buying an additional 23,515 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Bloomin' Brands during the first quarter valued at approximately $151,000. Northern Trust Corp increased its position in shares of Bloomin' Brands by 5.8% during the fourth quarter. Northern Trust Corp now owns 840,099 shares of the restaurant operator's stock valued at $10,258,000 after purchasing an additional 46,422 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in Bloomin' Brands in the fourth quarter valued at $32,000.

Bloomin' Brands Stock Performance

NASDAQ:BLMN traded up $0.06 during trading hours on Friday, reaching $7.35. The stock had a trading volume of 1,764,376 shares, compared to its average volume of 2,659,902. Bloomin' Brands, Inc. has a 12-month low of $6.09 and a 12-month high of $17.89. The stock has a 50 day simple moving average of $8.66 and a 200 day simple moving average of $8.54. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.35 and a current ratio of 0.43. The stock has a market cap of $625.26 million, a P/E ratio of -147.00 and a beta of 1.32.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.05. The company had revenue of $1 billion during 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 firm's quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the company earned $0.51 earnings per share. On average, research analysts forecast that Bloomin' Brands, Inc. will post 1.8 EPS for the current fiscal year.

Bloomin' Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 19th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 8.2%. The ex-dividend date is Tuesday, August 19th. Bloomin' Brands's dividend payout ratio is -1,200.00%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group cut their price target 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. Morgan Stanley raised their price target on Bloomin' Brands from $9.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. BMO Capital Markets decreased their price objective on Bloomin' Brands from $10.00 to $8.00 and set a "market perform" rating for the company in a report on Thursday, August 7th. JPMorgan Chase & Co. boosted their price target on Bloomin' Brands from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 25th. Finally, 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 report on Monday, May 5th. Seven research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock 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.