Bayforest Capital Ltd Decreases Stock Holdings in Bloomin' Brands, Inc. $BLMN

Key Points

• Bayforest Capital Ltd significantly reduced its stake in Bloomin' Brands, Inc. to just 6,109 shares, representing a 95.3% decrease during the second quarter, as reported in their latest SEC filing.
• Bloomin' Brands announced a quarterly dividend of $0.15 per share, yielding 8.1%, despite a negative dividend payout ratio of -1,200.00%.
• Equities analysts have varied views on Bloomin' Brands, with Barclays lowering their price target from $9.00 to $7.00, while Morgan Stanley raised theirs from $9.00 to $10.00, indicating differing confidence in the stock's performance.

Bayforest Capital Ltd reduced its position in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 95.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,109 shares of the restaurant operator's stock after selling 123,962 shares during the period. Bayforest Capital Ltd's holdings in Bloomin' Brands were worth $53,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its stake in Bloomin' Brands by 32.9% in the second quarter. Public Employees Retirement System of Ohio now owns 4,704 shares of the restaurant operator's stock valued at $41,000 after acquiring an additional 1,164 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Bloomin' Brands by 28.9% during the 1st quarter. GAMMA Investing LLC now owns 6,304 shares of the restaurant operator's stock valued at $45,000 after purchasing an additional 1,414 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Bloomin' Brands by 6.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,395 shares of the restaurant operator's stock worth $333,000 after purchasing an additional 2,622 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in Bloomin' Brands by 16.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 21,552 shares of the restaurant operator's stock worth $186,000 after buying an additional 2,987 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its stake in Bloomin' Brands by 7.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 45,096 shares of the restaurant operator's stock worth $387,000 after buying an additional 3,256 shares during the last quarter.

Bloomin' Brands Stock Down 3.1%

BLMN stock opened at $7.41 on Friday. The firm's fifty day simple moving average is $7.15 and its 200-day simple moving average is $7.98. The company has a market capitalization of $630.37 million, a P/E ratio of -148.20 and a beta of 1.27. 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, Inc. has a 12 month low of $6.09 and a 12 month high of $17.57.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last issued its earnings results on Wednesday, August 6th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1 billion during the quarter, compared to analysts' expectations of $974.69 million. During the same quarter last year, the company posted $0.51 earnings per share. The firm's revenue was up .3% compared to the same quarter last year. As a group, equities research analysts forecast that Bloomin' Brands, Inc. will post 1.8 earnings per share for the current year.

Bloomin' Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 19th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend was Tuesday, August 19th. Bloomin' Brands's dividend payout ratio (DPR) is -1,200.00%.

Analysts Set New Price Targets

Several equities analysts recently commented on BLMN shares. Barclays decreased 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. Morgan Stanley boosted their price objective on shares of Bloomin' Brands from $9.00 to $10.00 and gave the company an "equal weight" rating in a report on Monday, July 14th. Zacks Research downgraded Bloomin' Brands from a "hold" rating to a "strong sell" rating in a research report on Monday, September 29th. BMO Capital Markets lowered their price target on Bloomin' Brands from $10.00 to $8.00 and set a "market perform" rating for the company in a research report on Thursday, August 7th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Bloomin' Brands in a report on Wednesday, October 8th. Seven research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price 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.

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