Bloomin' Brands, Inc. $BLMN Shares Purchased by Hotchkis & Wiley Capital Management LLC

Key Points

• Hotchkis & Wiley Capital Management LLC increased its holdings in Bloomin' Brands by 16.9% in Q1, owning approximately 1.25% of the company worth $7.62 million.
• Several analysts have adjusted their price targets for Bloomin' Brands, with new targets ranging from $6.50 to $10.00, reflecting mixed ratings from analysts.
• BLOOM reported a quarterly earnings result of $0.33 EPS, surpassing analyst estimates, along with a dividend announcement reflecting an annualized yield of 8.2%.

Hotchkis & Wiley Capital Management LLC boosted its position in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 16.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,062,125 shares of the restaurant operator's stock after buying an additional 153,410 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 1.25% of Bloomin' Brands worth $7,615,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. AlphaQuest LLC boosted its position in Bloomin' Brands by 126.7% in the first quarter. AlphaQuest LLC now owns 27,379 shares of the restaurant operator's stock valued at $196,000 after buying an additional 15,303 shares during the last quarter. EntryPoint Capital LLC boosted its position in Bloomin' Brands by 195.3% in the first quarter. EntryPoint Capital LLC now owns 86,146 shares of the restaurant operator's stock valued at $618,000 after buying an additional 56,977 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Bloomin' Brands in the first quarter valued at approximately $461,000. Summit Securities Group LLC purchased a new stake in Bloomin' Brands in the first quarter valued at approximately $151,000. Finally, Fox Run Management L.L.C. purchased a new stake in Bloomin' Brands in the first quarter valued at approximately $557,000.

Bloomin' Brands Price Performance

Shares of BLMN stock traded up $0.06 during trading hours on Friday, hitting $7.35. 1,764,376 shares of the company's stock were exchanged, compared to its average volume of 3,494,303. The company has a quick ratio of 0.35, a current ratio of 0.43 and a debt-to-equity ratio of 2.29. The firm has a market cap of $625.25 million, a P/E ratio of -147.00 and a beta of 1.32. The firm has a 50 day moving average of $8.61 and a two-hundred day moving average of $8.51. Bloomin' Brands, Inc. has a fifty-two week low of $6.09 and a fifty-two week high of $17.89.

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 for the quarter, topping the consensus estimate of $0.28 by $0.05. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $974.69 million. Bloomin' Brands had a positive return on equity of 44.03% and a negative net margin of 0.12%.The business's quarterly revenue was up .3% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 EPS. Sell-side analysts forecast that Bloomin' Brands, Inc. will post 1.8 EPS for the current year.

Bloomin' Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 19th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 8.2%. The ex-dividend date of this dividend is Tuesday, August 19th. Bloomin' Brands's dividend payout ratio is presently -1,200.00%.

Analysts Set New Price Targets

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