Landscape Capital Management L.L.C. Has $4.57 Million Stock Position in Bloomin' Brands, Inc. $BLMN

Key Points

• Landscape Capital Management L.L.C. significantly increased its stake in Bloomin' Brands, Inc. by 1,549.5%, owning 637,264 shares worth approximately $4.57 million as of its latest filing.
• Multiple large investors, including US Bancorp DE and Headlands Technologies LLC, also significantly raised their stakes in Bloomin' Brands during the first quarter of the year.
• Despite beating consensus earnings estimates, Bloomin' Brands received mixed reactions from analysts, with price targets ranging from $6.50 to $10.00 and an average rating of "Reduce."

Landscape Capital Management L.L.C. boosted its holdings in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 1,549.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 637,264 shares of the restaurant operator's stock after purchasing an additional 598,630 shares during the period. Landscape Capital Management L.L.C. owned about 0.75% of Bloomin' Brands worth $4,569,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BLMN. GAMMA Investing LLC raised its position in Bloomin' Brands by 28.9% in the 1st quarter. GAMMA Investing LLC now owns 6,304 shares of the restaurant operator's stock worth $45,000 after purchasing an additional 1,414 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Bloomin' Brands during the 4th quarter worth $32,000. State of Wyoming grew its holdings in Bloomin' Brands by 99.5% during the 4th quarter. State of Wyoming now owns 10,319 shares of the restaurant operator's stock worth $126,000 after acquiring an additional 5,146 shares during the period. US Bancorp DE grew its holdings in Bloomin' Brands by 505.7% during the 1st 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. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Bloomin' Brands by 27.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,805 shares of the restaurant operator's stock worth $185,000 after acquiring an additional 5,553 shares during the period.

Analysts Set New Price Targets

BLMN has been the subject of a number of analyst reports. Morgan Stanley lifted their target price on shares of Bloomin' Brands from $9.00 to $10.00 and gave the stock an "equal weight" rating in a report on Monday, July 14th. The Goldman Sachs Group lowered their target price on shares of Bloomin' Brands from $8.00 to $6.50 and set a "sell" rating for the company in a report on Thursday, August 7th. BMO Capital Markets lowered their target price on shares of Bloomin' Brands from $10.00 to $8.00 and set a "market perform" rating for the company in a report on Thursday, August 7th. JPMorgan Chase & Co. boosted their price target on shares of Bloomin' Brands from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Wednesday, June 25th. Finally, Barclays decreased 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 report on Wednesday, August 6th. Seven equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Bloomin' Brands presently has an average rating of "Reduce" and an average target price of $9.88.

Bloomin' Brands Stock Down 3.2%

NASDAQ BLMN traded down $0.24 on Tuesday, reaching $7.12. The company had a trading volume of 766,440 shares, compared to its average volume of 2,648,217. The firm has a market capitalization of $605.27 million, a price-to-earnings ratio of -142.30 and a beta of 1.23. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.35 and a current ratio of 0.43. Bloomin' Brands, Inc. has a 1-year low of $6.09 and a 1-year high of $17.78. The company's fifty day moving average is $8.58 and its 200-day moving average is $8.44.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The restaurant operator reported $0.33 EPS for the quarter, topping 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 firm had revenue of $1 billion for the quarter, compared to analysts' expectations of $974.69 million. During the same period in the previous year, the firm posted $0.51 EPS. The company's revenue for the quarter was up .3% on a year-over-year basis. On average, research analysts forecast that Bloomin' Brands, Inc. will post 1.8 earnings per share for the current fiscal year.

Bloomin' Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 19th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date of this dividend is Tuesday, August 19th. Bloomin' Brands's dividend payout ratio is presently -1,200.00%.

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.