Skylands Capital LLC Has $1.04 Million Holdings in Bloomin' Brands, Inc. (NASDAQ:BLMN)

Skylands Capital LLC lifted its stake in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 25.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 145,000 shares of the restaurant operator's stock after purchasing an additional 29,800 shares during the period. Skylands Capital LLC owned approximately 0.17% of Bloomin' Brands worth $1,040,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC lifted its holdings in Bloomin' Brands by 28.9% during the 1st quarter. GAMMA Investing LLC now owns 6,304 shares of the restaurant operator's stock worth $45,000 after buying an additional 1,414 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Bloomin' Brands during the fourth quarter worth $27,000. Public Employees Retirement System of Ohio acquired a new position in shares of Bloomin' Brands during the fourth quarter valued at $32,000. Rhumbline Advisers boosted its holdings in Bloomin' Brands by 1.3% in the fourth 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. Finally, Meeder Asset Management Inc. acquired a new stake in Bloomin' Brands in the fourth quarter worth about $41,000.

Bloomin' Brands Trading Up 5.7%

NASDAQ:BLMN traded up $0.55 during trading hours on Wednesday, hitting $10.22. The stock had a trading volume of 3,087,499 shares, compared to its average volume of 2,165,785. The business's 50 day moving average is $8.26 and its 200-day moving average is $9.54. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.33 and a current ratio of 0.41. The company has a market cap of $867.98 million, a price-to-earnings ratio of -340.55 and a beta of 1.32. Bloomin' Brands, Inc. has a one year low of $6.09 and a one year high of $21.45.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.02. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates 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 was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 EPS. Sell-side analysts anticipate that Bloomin' Brands, Inc. will post 1.8 EPS for the current fiscal year.

Bloomin' Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.87%. The ex-dividend date was Tuesday, May 20th. Bloomin' Brands's dividend payout ratio is currently -2,000.00%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BLMN shares. Wall Street Zen upgraded shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. JPMorgan Chase & Co. boosted their price target on shares of Bloomin' Brands from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 25th. 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. Finally, UBS Group lowered their target price 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 equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target 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.