Mutual Advisors LLC purchased a new position in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 104,376 shares of the restaurant operator's stock, valued at approximately $748,000. Mutual Advisors LLC owned 0.12% of Bloomin' Brands as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently bought and sold shares of the company. Headlands Technologies LLC bought a new position in Bloomin' Brands in the fourth quarter worth approximately $27,000. Public Employees Retirement System of Ohio bought a new stake in shares of Bloomin' Brands in the fourth quarter valued at $32,000. Meeder Asset Management Inc. purchased a new stake in Bloomin' Brands in the 4th quarter worth about $41,000. New Age Alpha Advisors LLC purchased a new stake in shares of Bloomin' Brands during the 4th quarter valued at approximately $45,000. Finally, GAMMA Investing LLC lifted its position in shares of Bloomin' Brands by 28.9% during the first 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.
Bloomin' Brands Stock Up 4.2%
NASDAQ BLMN traded up $0.41 on Thursday, hitting $10.17. The stock had a trading volume of 2,999,138 shares, compared to its average volume of 2,176,511. The business's fifty day moving average price is $8.48 and its 200 day moving average price is $9.46. The stock has a market cap of $863.74 million, a price-to-earnings ratio of -338.89 and a beta of 1.32. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.41 and a quick ratio of 0.33. Bloomin' Brands, Inc. has a 52-week low of $6.09 and a 52-week high of $21.45.
Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last posted its earnings results on Wednesday, May 7th. The restaurant operator reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. Bloomin' Brands had a positive return on equity of 55.08% and a negative net margin of 0.05%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company earned $0.70 earnings per share. Bloomin' Brands's revenue for the quarter was down 1.8% compared to the same quarter last year. Equities 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 disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th were issued a $0.15 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $0.60 dividend on an annualized basis and a yield of 5.90%. Bloomin' Brands's payout ratio is currently -2,000.00%.
Analyst Ratings Changes
BLMN has been the subject of several research reports. JPMorgan Chase & Co. upped their target price on shares of Bloomin' Brands from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 25th. UBS Group dropped their target price on shares of Bloomin' Brands from $13.00 to $8.50 and set a "neutral" rating for the company in a research report on Monday, May 5th. Finally, Barclays cut their price objective on shares of Bloomin' Brands from $9.00 to $8.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating and ten have given a hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $13.85.
Check Out Our Latest Report on Bloomin' Brands
Bloomin' Brands Profile
(
Free Report)
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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