SG Americas Securities LLC Invests $382,000 in Bloomin' Brands, Inc. (NASDAQ:BLMN)

SG Americas Securities LLC bought a new stake in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 53,220 shares of the restaurant operator's stock, valued at approximately $382,000. SG Americas Securities LLC owned about 0.06% of Bloomin' Brands at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in BLMN. Rhumbline Advisers boosted its holdings in shares of Bloomin' Brands by 1.3% during the 4th quarter. Rhumbline Advisers now owns 238,093 shares of the restaurant operator's stock valued at $2,907,000 after acquiring an additional 2,977 shares during the last quarter. A&I Financial Services LLC bought a new position in Bloomin' Brands during the fourth quarter valued at approximately $343,000. Xcel Wealth Management LLC boosted its holdings in Bloomin' Brands by 70.2% in the fourth quarter. Xcel Wealth Management LLC now owns 422,114 shares of the restaurant operator's stock worth $5,154,000 after purchasing an additional 174,036 shares during the last quarter. Factorial Partners LLC boosted its holdings in Bloomin' Brands by 8.3% in the fourth quarter. Factorial Partners LLC now owns 65,000 shares of the restaurant operator's stock worth $794,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Bloomin' Brands by 12.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,414,415 shares of the restaurant operator's stock worth $17,270,000 after purchasing an additional 159,356 shares during the period.

Bloomin' Brands Stock Performance

Shares of BLMN stock traded down $0.15 during trading hours on Friday, reaching $8.66. 3,056,256 shares of the company traded hands, compared to its average volume of 2,151,970. The firm has a 50-day moving average price of $8.23 and a 200 day moving average price of $9.58. The company has a market cap of $735.49 million, a P/E ratio of -288.57 and a beta of 1.29. 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 12-month low of $6.09 and a 12-month high of $21.45.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The restaurant operator reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.02. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. Bloomin' Brands had a negative net margin of 0.05% and a positive return on equity of 55.08%. The company's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.70 earnings per share. As a group, sell-side analysts predict that Bloomin' Brands, Inc. will post 1.8 earnings per share for the current fiscal year.

Bloomin' Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.93%. The ex-dividend date of this dividend was Tuesday, May 20th. Bloomin' Brands's dividend payout ratio is currently -2,000.00%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on BLMN shares. JPMorgan Chase & Co. raised their price target on Bloomin' Brands from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Wednesday. UBS Group lowered their target price on Bloomin' Brands from $13.00 to $8.50 and set a "neutral" rating on the stock in a report on Monday, May 5th. Wall Street Zen upgraded Bloomin' Brands from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Barclays reduced their price target on shares of Bloomin' Brands from $9.00 to $8.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating and ten have given a hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $13.85.

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.