Carolina Wealth Advisors LLC Takes $3.81 Million Position in Bloomin' Brands, Inc. (NASDAQ:BLMN)

Carolina Wealth Advisors LLC acquired a new position in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 531,646 shares of the restaurant operator's stock, valued at approximately $3,812,000. Bloomin' Brands accounts for 2.1% of Carolina Wealth Advisors LLC's portfolio, making the stock its 18th biggest holding. Carolina Wealth Advisors LLC owned 0.63% of Bloomin' Brands as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its holdings in Bloomin' Brands by 0.4% during the fourth quarter. Victory Capital Management Inc. now owns 2,390,703 shares of the restaurant operator's stock valued at $29,190,000 after purchasing an additional 10,635 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Bloomin' Brands by 385.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,817,145 shares of the restaurant operator's stock worth $22,187,000 after buying an additional 1,442,964 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Bloomin' Brands by 565.9% in the fourth quarter. American Century Companies Inc. now owns 1,791,366 shares of the restaurant operator's stock worth $21,873,000 after buying an additional 1,522,370 shares in the last quarter. William Blair Investment Management LLC lifted its stake in shares of Bloomin' Brands by 1.1% in the fourth quarter. William Blair Investment Management LLC now owns 1,649,084 shares of the restaurant operator's stock worth $20,135,000 after buying an additional 18,525 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its stake in shares of Bloomin' Brands by 8,666.6% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 1,568,253 shares of the restaurant operator's stock worth $19,148,000 after buying an additional 1,550,364 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. JPMorgan Chase & Co. lifted their target price on shares of Bloomin' Brands from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Wednesday. Barclays dropped their price target 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. Finally, UBS Group cut their price target on shares of Bloomin' Brands from $13.00 to $8.50 and set a "neutral" rating for the company in a report on Monday, May 5th. Two equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $13.85.

Bloomin' Brands Trading Down 1.7%

Shares of BLMN traded down $0.15 during trading on Friday, reaching $8.66. 3,056,256 shares of the company traded hands, compared to its average volume of 2,151,970. Bloomin' Brands, Inc. has a twelve month low of $6.09 and a twelve month high of $21.45. The stock has a market cap of $735.49 million, a PE ratio of -288.57 and a beta of 1.29. The stock has a 50-day simple moving average of $8.23 and a 200-day simple moving average of $9.56. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 2.38.

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

Bloomin' Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.93%. The ex-dividend date was Tuesday, May 20th. Bloomin' Brands's dividend payout ratio is presently -2,000.00%.

Bloomin' Brands 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.