Bayforest Capital Ltd Invests $933,000 in Bloomin' Brands, Inc. $BLMN

Key Points

• Bayforest Capital Ltd has acquired a new position in Bloomin' Brands, purchasing 130,071 shares valued at approximately $933,000, representing 0.15% ownership of the company.
• Bloomin' Brands recently reported earnings of $0.33 per share, exceeding analysts' expectations, with revenue rising to $1 billion for the quarter.
• Several analysts have adjusted their price targets for Bloomin' Brands, with a consensus rating of "Reduce" and a target price of $9.88.

Bayforest Capital Ltd purchased a new position in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 130,071 shares of the restaurant operator's stock, valued at approximately $933,000. Bayforest Capital Ltd owned 0.15% of Bloomin' Brands as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new position in Bloomin' Brands during the fourth quarter worth about $32,000. US Bancorp DE boosted its holdings in shares of Bloomin' Brands by 505.7% during 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 during the period. GAMMA Investing LLC boosted its holdings in shares of Bloomin' Brands by 28.9% during 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 during the period. Headlands Technologies LLC boosted its holdings 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 acquiring an additional 6,501 shares during the period. Finally, State of Wyoming boosted its holdings in shares of Bloomin' Brands by 99.5% during 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 during the period.

Bloomin' Brands Price Performance

Shares of Bloomin' Brands stock traded down $0.14 during trading on Friday, reaching $6.78. 1,446,131 shares of the company's stock were exchanged, compared to its average volume of 2,248,451. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.35 and a current ratio of 0.43. Bloomin' Brands, Inc. has a 1-year low of $6.09 and a 1-year high of $17.78. The company has a market cap of $576.77 million, a P/E ratio of -135.60 and a beta of 1.23. The firm's 50-day moving average price is $8.15 and its 200 day moving average price is $8.18.

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

Bloomin' Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 19th were issued 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 dividend yield of 8.8%. Bloomin' Brands's payout ratio is -1,200.00%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Barclays reduced their price objective on Bloomin' Brands from $9.00 to $7.00 and set an "equal weight" rating for the company in a report on Wednesday, August 6th. Morgan Stanley boosted their price objective on Bloomin' Brands from $9.00 to $10.00 and gave the stock an "equal weight" rating in a report on Monday, July 14th. JPMorgan Chase & Co. boosted their price objective on Bloomin' Brands from $9.00 to $10.00 and gave the stock a "neutral" rating in a report 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. Finally, BMO Capital Markets cut their price target on 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. Seven equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus price target of $9.88.

Bloomin' Brands Company 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.