531,646 Shares in Bloomin' Brands, Inc. (NASDAQ:BLMN) Purchased by Carolina Wealth Advisors LLC

Carolina Wealth Advisors LLC purchased a new position in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 531,646 shares of the restaurant operator's stock, valued at approximately $3,812,000. Bloomin' Brands comprises 2.1% of Carolina Wealth Advisors LLC's investment portfolio, making the stock its 18th biggest holding. Carolina Wealth Advisors LLC owned about 0.63% of Bloomin' Brands at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake 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 worth $45,000 after acquiring an additional 1,414 shares in the last quarter. Headlands Technologies LLC acquired a new position in Bloomin' Brands in the 4th quarter valued at about $27,000. Public Employees Retirement System of Ohio purchased a new position in shares of Bloomin' Brands during the fourth quarter valued at approximately $32,000. Rhumbline Advisers boosted its holdings in shares of Bloomin' Brands by 1.3% during the fourth quarter. Rhumbline Advisers now owns 238,093 shares of the restaurant operator's stock worth $2,907,000 after purchasing an additional 2,977 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in Bloomin' Brands in the 4th quarter worth about $41,000.

Bloomin' Brands Stock Performance

Shares of Bloomin' Brands stock traded up $1.06 during trading on Tuesday, hitting $9.67. 4,830,793 shares of the stock were exchanged, compared to its average volume of 2,162,101. The stock's fifty day moving average is $8.24 and its 200 day moving average is $9.54. Bloomin' Brands, Inc. has a 12 month low of $6.09 and a 12 month high of $21.45. The stock has a market cap of $821.27 million, a PE ratio of -322.23 and a beta of 1.30. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.33 and a current ratio of 0.41.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.02. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. Bloomin' Brands had a positive return on equity of 55.08% and a negative net margin of 0.05%. The firm's quarterly revenue was down 1.8% on a year-over-year basis. During the same period last year, the company posted $0.70 EPS. As a group, sell-side analysts anticipate that Bloomin' Brands, Inc. will post 1.8 EPS for the current year.

Bloomin' Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.20%. The ex-dividend date of this dividend was Tuesday, May 20th. Bloomin' Brands's payout ratio is -2,000.00%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BLMN. Barclays lowered their price objective on shares of Bloomin' Brands from $9.00 to $8.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Wall Street Zen raised shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a report on Friday, March 7th. UBS Group dropped their price objective on Bloomin' Brands from $13.00 to $8.50 and set a "neutral" rating on the stock in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. upped their target price on shares of Bloomin' Brands from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Wednesday, June 25th. Two equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $13.85.

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.