Bloomin' Brands, Inc. $BLMN Position Boosted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 12.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,596,638 shares of the restaurant operator's stock after purchasing an additional 182,223 shares during the period. Charles Schwab Investment Management Inc. owned about 1.88% of Bloomin' Brands worth $11,448,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Pacific Ridge Capital Partners LLC lifted its position in shares of Bloomin' Brands by 13.1% during the first quarter. Pacific Ridge Capital Partners LLC now owns 52,967 shares of the restaurant operator's stock worth $380,000 after purchasing an additional 6,122 shares during the last quarter. Blueshift Asset Management LLC bought a new position in shares of Bloomin' Brands during the first quarter worth about $83,000. US Bancorp DE lifted its position 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 purchasing an additional 5,209 shares during the last quarter. Bayforest Capital Ltd bought a new position in shares of Bloomin' Brands during the first quarter worth about $933,000. Finally, XTX Topco Ltd bought a new position in shares of Bloomin' Brands during the first quarter worth about $136,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BLMN. UBS Group cut their target price on shares of Bloomin' Brands from $13.00 to $8.50 and set a "neutral" rating on the stock in a report on Monday, May 5th. Barclays cut their target price on shares of Bloomin' Brands from $9.00 to $7.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 6th. BMO Capital Markets cut their target price on shares of Bloomin' Brands from $10.00 to $8.00 and set a "market perform" rating on the stock in a report on Thursday, August 7th. JPMorgan Chase & Co. raised their target price on shares of Bloomin' Brands from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Wednesday, June 25th. Finally, The Goldman Sachs Group cut their target price on shares of Bloomin' Brands from $8.00 to $6.50 and set a "sell" rating on the stock in a report on Thursday, August 7th. Seven equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Bloomin' Brands has an average rating of "Reduce" and an average price target of $9.88.

Bloomin' Brands Price Performance

Shares of NASDAQ:BLMN opened at $7.36 on Monday. The firm's 50 day moving average is $8.81 and its two-hundred day moving average is $8.62. Bloomin' Brands, Inc. has a 52 week low of $6.09 and a 52 week high of $18.72. The firm has a market capitalization of $626.12 million, a P/E ratio of -147.20 and a beta of 1.32. The company has a current ratio of 0.43, a quick ratio of 0.35 and a debt-to-equity ratio of 2.29.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The restaurant operator reported $0.33 EPS for the quarter, beating 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 company had revenue of $1 billion for the quarter, compared to analyst estimates of $974.69 million. During the same quarter last year, the business earned $0.51 earnings per share. Bloomin' Brands's revenue was up .3% compared to the same quarter last year. Analysts anticipate that Bloomin' Brands, Inc. will post 1.8 earnings per share for the current 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 $0.15 dividend. The ex-dividend date is Tuesday, August 19th. This represents a $0.60 annualized dividend and a dividend yield of 8.2%. Bloomin' Brands's dividend payout ratio (DPR) is presently -1,200.00%.

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.

Want to see what other hedge funds are holding BLMN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.