Counterpoint Mutual Funds LLC Acquires Shares of 36,879 Bloomin' Brands, Inc. $BLMN

Key Points

• Counterpoint Mutual Funds LLC has acquired a new stake in Bloomin' Brands, purchasing 36,879 shares worth approximately $318,000.
• Bloomin' Brands reported earnings of $0.33 per share, exceeding the consensus estimate, with a revenue of $1 billion for the quarter.
• The company declared a quarterly dividend of $0.15 per share, reflecting an annualized yield of 8.1%.

Counterpoint Mutual Funds LLC acquired a new stake in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 36,879 shares of the restaurant operator's stock, valued at approximately $318,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC increased its stake in 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Bloomin' Brands by 6.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,395 shares of the restaurant operator's stock worth $333,000 after acquiring an additional 2,622 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Bloomin' Brands in the fourth quarter worth approximately $32,000. Harbor Capital Advisors Inc. grew its stake in shares of Bloomin' Brands by 16.1% in the second quarter. Harbor Capital Advisors Inc. now owns 21,552 shares of the restaurant operator's stock worth $186,000 after acquiring an additional 2,987 shares during the period. Finally, US Bancorp DE grew its stake in shares of Bloomin' Brands by 505.7% in 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.

Bloomin' Brands Stock Performance

Shares of NASDAQ BLMN opened at $7.43 on Thursday. The firm has a 50 day moving average of $7.70 and a 200 day moving average of $8.07. The company has a current ratio of 0.43, a quick ratio of 0.35 and a debt-to-equity ratio of 2.29. The firm has a market capitalization of $632.07 million, a price-to-earnings ratio of -148.60 and a beta of 1.23. 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 announced its earnings results on Wednesday, August 6th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.05. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $974.69 million. Bloomin' Brands had a negative net margin of 0.12% and a positive return on equity of 44.03%. The firm's quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.51 earnings per share. On average, research analysts anticipate that Bloomin' Brands, Inc. will post 1.8 earnings per share for the current year.

Bloomin' Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders 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 annualized dividend and a yield of 8.1%. Bloomin' Brands's payout ratio is currently -1,200.00%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BLMN shares. Morgan Stanley lifted their price target on shares of Bloomin' Brands from $9.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Monday, July 14th. Barclays reduced their price target on shares of Bloomin' Brands from $9.00 to $7.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 6th. JPMorgan Chase & Co. lifted their price target on shares of Bloomin' Brands from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 25th. The Goldman Sachs Group reduced their price target on shares of 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 reduced their price target on shares of 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.com, the stock 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.

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