American Century Companies Inc. Reduces Position 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 position in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 5.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,688,334 shares of the restaurant operator's stock after selling 103,032 shares during the quarter. American Century Companies Inc. owned about 1.99% of Bloomin' Brands worth $12,105,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake 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 buying an additional 1,414 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Bloomin' Brands by 402.2% in 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 purchased a new stake in shares of Bloomin' Brands in the first quarter worth about $151,000. Northern Trust Corp boosted its stake in shares of Bloomin' Brands by 5.8% in the fourth quarter. Northern Trust Corp now owns 840,099 shares of the restaurant operator's stock worth $10,258,000 after buying an additional 46,422 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Bloomin' Brands in the fourth quarter worth about $32,000.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BLMN shares. JPMorgan Chase & Co. upped their target price on Bloomin' Brands from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 25th. The Goldman Sachs Group cut their price target on Bloomin' Brands from $8.00 to $6.50 and set a "sell" rating for the company in a research note on Thursday, August 7th. Barclays cut their price target on Bloomin' Brands from $9.00 to $7.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 6th. UBS Group cut 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, May 5th. Finally, 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 note on Monday, July 14th. Seven investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average price target of $9.88.

Bloomin' Brands Price Performance

Bloomin' Brands stock traded up $0.06 during midday trading on Friday, reaching $7.35. The company had a trading volume of 1,764,376 shares, compared to its average volume of 3,474,180. The company has a market capitalization of $625.26 million, a P/E ratio of -147.00 and a beta of 1.23. Bloomin' Brands, Inc. has a 12-month low of $6.09 and a 12-month high of $17.89. The firm's fifty day simple moving average is $8.61 and its 200-day simple moving average is $8.47. 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 issued 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. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $974.69 million. Bloomin' Brands had a negative net margin of 0.12% and a positive return on equity of 44.03%. Bloomin' Brands's quarterly revenue was up .3% compared to the same quarter last year. During the same period last year, the company posted $0.51 EPS. As a group, equities analysts anticipate that Bloomin' Brands, Inc. will post 1.8 EPS for the current year.

Bloomin' Brands Dividend Announcement

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