Squarepoint Ops LLC lowered its stake in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 89.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,511 shares of the restaurant operator's stock after selling 153,587 shares during the quarter. Squarepoint Ops LLC's holdings in Bloomin' Brands were worth $226,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Two Sigma Advisers LP bought a new position in shares of Bloomin' Brands in the fourth quarter valued at $1,552,000. Two Sigma Investments LP increased its holdings in shares of Bloomin' Brands by 160.9% in the fourth quarter. Two Sigma Investments LP now owns 401,697 shares of the restaurant operator's stock valued at $4,905,000 after buying an additional 247,702 shares in the last quarter. State of Wyoming lifted its stake in Bloomin' Brands by 99.5% during the fourth quarter. State of Wyoming now owns 10,319 shares of the restaurant operator's stock valued at $126,000 after buying an additional 5,146 shares in the last quarter. Systematic Financial Management LP lifted its stake in Bloomin' Brands by 5.0% during the fourth quarter. Systematic Financial Management LP now owns 655,688 shares of the restaurant operator's stock valued at $8,006,000 after buying an additional 31,188 shares in the last quarter. Finally, Redwood Investment Management LLC lifted its stake in Bloomin' Brands by 25.6% during the fourth quarter. Redwood Investment Management LLC now owns 195,207 shares of the restaurant operator's stock valued at $2,383,000 after buying an additional 39,845 shares in the last quarter.
Bloomin' Brands Stock Performance
Shares of Bloomin' Brands stock traded up $0.09 during midday trading on Wednesday, hitting $8.34. The company had a trading volume of 2,186,391 shares, compared to its average volume of 2,102,691. The business's 50 day simple moving average is $7.81 and its two-hundred day simple moving average is $9.98. The stock has a market cap of $708.32 million, a PE ratio of -75.81 and a beta of 1.29. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.22. Bloomin' Brands, Inc. has a 1-year low of $6.09 and a 1-year high of $21.45.
Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last posted its quarterly 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 for the quarter, compared to the consensus estimate of $1.04 billion. Bloomin' Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The business's revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.70 earnings per share. As a group, equities analysts predict that Bloomin' Brands, Inc. will post 1.8 EPS for the current fiscal year.
Bloomin' Brands Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, May 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.19%. Bloomin' Brands's payout ratio is presently -2,000.00%.
Analysts Set New Price Targets
A number of analysts have commented on the stock. Wall Street Zen raised shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. 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. JPMorgan Chase & Co. cut their price objective on shares of Bloomin' Brands from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. UBS Group cut their price objective on shares of Bloomin' Brands from $13.00 to $8.50 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Finally, BMO Capital Markets lowered their price target on Bloomin' Brands from $16.00 to $12.00 and set a "market perform" rating on the stock in a report on Thursday, February 27th. Two analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $13.75.
View Our Latest Research Report on BLMN
Bloomin' Brands Company Profile
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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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