64,357 Shares in Bloomin' Brands, Inc. $BLMN Purchased by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP acquired a new stake in Bloomin' Brands, purchasing 64,357 shares valued at approximately $461,000.
• Bloomin' Brands reported a quarterly earnings per share of $0.33, exceeding analysts' expectations of $0.28, with revenues of $1 billion compared to estimates of $974.69 million.
• The company will distribute a quarterly dividend of $0.15 on September 3rd, resulting in an annualized yield of 8.4%.

Quantbot Technologies LP bought a new stake in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 64,357 shares of the restaurant operator's stock, valued at approximately $461,000. Quantbot Technologies LP owned about 0.08% of Bloomin' Brands at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BLMN. Schonfeld Strategic Advisors LLC increased 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 purchasing an additional 1,550,364 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Bloomin' Brands in the first quarter worth $7,890,000. Fund 1 Investments LLC purchased a new stake in shares of Bloomin' Brands in the fourth quarter worth $7,839,000. Carolina Wealth Advisors LLC purchased a new stake in shares of Bloomin' Brands in the first quarter worth $3,812,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Bloomin' Brands in the fourth quarter worth $3,519,000.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Barclays reduced their price objective 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. The Goldman Sachs Group cut their target price 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. Morgan Stanley raised their target price on shares of Bloomin' Brands from $9.00 to $10.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. BMO Capital Markets cut 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 research note on Thursday, August 7th. Finally, JPMorgan Chase & Co. raised their target price on shares of Bloomin' Brands from $9.00 to $10.00 and gave the company a "neutral" rating in a research note 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. According to MarketBeat.com, Bloomin' Brands currently has an average rating of "Reduce" and an average price target of $9.88.

Bloomin' Brands Price Performance

BLMN stock traded up $0.06 during trading on Friday, hitting $7.35. 1,764,376 shares of the company's stock traded hands, compared to its average volume of 2,659,902. Bloomin' Brands, Inc. has a 52 week low of $6.09 and a 52 week high of $17.89. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.35 and a current ratio of 0.43. The business has a fifty day simple moving average of $8.66 and a 200 day simple moving average of $8.54. The stock has a market capitalization of $625.26 million, a price-to-earnings ratio of -147.00 and a beta of 1.32.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The restaurant operator reported $0.33 EPS for the quarter, beating the consensus estimate of $0.28 by $0.05. The business 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%. Bloomin' Brands's quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the business earned $0.51 earnings per share. As a group, research analysts expect that Bloomin' Brands, Inc. will post 1.8 EPS for the current fiscal year.

Bloomin' Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Tuesday, August 19th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 8.2%. The ex-dividend date of this dividend is Tuesday, August 19th. Bloomin' Brands's dividend payout ratio (DPR) is currently -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.