53,220 Shares in Bloomin' Brands, Inc. (NASDAQ:BLMN) Purchased by SG Americas Securities LLC

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

Several other hedge funds have also made changes to their positions in BLMN. Headlands Technologies LLC acquired a new stake in shares of Bloomin' Brands during the fourth quarter worth about $27,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Bloomin' Brands during the fourth quarter worth about $32,000. Meeder Asset Management Inc. acquired a new stake in shares of Bloomin' Brands during the fourth quarter worth about $41,000. New Age Alpha Advisors LLC acquired a new stake in shares of Bloomin' Brands during the fourth quarter worth about $45,000. Finally, GAMMA Investing LLC raised its holdings in 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 purchasing an additional 1,414 shares in the last quarter.

Bloomin' Brands Price Performance

Shares of Bloomin' Brands stock traded down $0.01 on Thursday, hitting $8.81. The company had a trading volume of 2,172,157 shares, compared to its average volume of 2,146,037. The business has a 50-day simple moving average of $8.20 and a 200-day simple moving average of $9.66. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.41 and a quick ratio of 0.33. The company has a market cap of $748.24 million, a PE ratio of -293.57 and a beta of 1.29. 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 issued its earnings results on Wednesday, May 7th. The restaurant operator reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.02. The firm had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.04 billion. Bloomin' Brands had a negative net margin of 0.05% and a positive return on equity of 55.08%. The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the firm posted $0.70 earnings per share. 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 announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th were given 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 6.81%. Bloomin' Brands's payout ratio is -2,000.00%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. The Goldman Sachs Group cut their price target on shares of Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating for the company in a report on Thursday, February 27th. BMO Capital Markets cut their price target on shares of Bloomin' Brands from $16.00 to $12.00 and set a "market perform" rating for the company in a report on Thursday, February 27th. Wall Street Zen raised shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a report on Friday, March 7th. JPMorgan Chase & Co. increased their price target on shares of Bloomin' Brands from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Wednesday. Finally, UBS Group cut their price target on shares of Bloomin' Brands from $13.00 to $8.50 and set a "neutral" rating for the company in a report on Monday, May 5th. Two research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company's stock. According to data from MarketBeat.com, Bloomin' Brands has a consensus rating of "Hold" and an average 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.