Bloomin' Brands, Inc. $BLMN Stake Lessened by Systematic Financial Management LP

Key Points

• Systematic Financial Management LP reduced its stake in Bloomin' Brands, Inc. by 14.6%, owning 560,240 shares after selling 95,448 shares during the first quarter.
• Several analysts have adjusted their price targets for Bloomin' Brands, with UBS Group lowering it from $13.00 to $8.50, while JPMorgan Chase raised theirs from $9.00 to $10.00, indicating varied sentiment about the stock's prospects.
• Bloomin' Brands announced a quarterly dividend of $0.15 per share, which equates to an annual yield of 8.2%, despite a notably high payout ratio of -1,200.00%.

Systematic Financial Management LP decreased its stake in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 14.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 560,240 shares of the restaurant operator's stock after selling 95,448 shares during the quarter. Systematic Financial Management LP owned approximately 0.66% of Bloomin' Brands worth $4,017,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new stake in Bloomin' Brands during the 4th quarter worth about $32,000. GAMMA Investing LLC increased its holdings in shares of Bloomin' Brands by 28.9% in the 1st quarter. GAMMA Investing LLC now owns 6,304 shares of the restaurant operator's stock valued at $45,000 after acquiring an additional 1,414 shares during the last quarter. US Bancorp DE increased its holdings in shares of Bloomin' Brands by 505.7% in the 1st quarter. US Bancorp DE now owns 6,239 shares of the restaurant operator's stock valued at $45,000 after acquiring an additional 5,209 shares during the last quarter. Headlands Technologies LLC increased its holdings in shares of Bloomin' Brands by 294.4% in the 1st quarter. Headlands Technologies LLC now owns 8,709 shares of the restaurant operator's stock valued at $62,000 after acquiring an additional 6,501 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of Bloomin' Brands by 1,342.4% in the 1st quarter. CWM LLC now owns 10,602 shares of the restaurant operator's stock valued at $76,000 after acquiring an additional 9,867 shares during the last quarter.

Analysts Set New Price Targets

BLMN has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price objective on Bloomin' Brands from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Wednesday, June 25th. BMO Capital Markets dropped their price objective on Bloomin' Brands from $10.00 to $8.00 and set a "market perform" rating on the stock in a report on Thursday, August 7th. UBS Group dropped their price objective on Bloomin' Brands from $13.00 to $8.50 and set a "neutral" rating on the stock in a report on Monday, May 5th. Morgan Stanley increased their price objective on Bloomin' Brands from $9.00 to $10.00 and gave the company an "equal weight" rating in a report on Monday, July 14th. Finally, Barclays dropped their price target on Bloomin' Brands from $9.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 6th. Seven equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Bloomin' Brands has an average rating of "Reduce" and an average target price of $9.88.

Bloomin' Brands Stock Up 0.8%

Shares of BLMN traded up $0.06 during midday trading on Friday, reaching $7.35. 626,602 shares of the company were exchanged, compared to its average volume of 2,652,720. The company has a current ratio of 0.43, a quick ratio of 0.35 and a debt-to-equity ratio of 2.29. The company has a market cap of $624.84 million, a price-to-earnings ratio of -147.10 and a beta of 1.32. Bloomin' Brands, Inc. has a 1-year low of $6.09 and a 1-year high of $17.89. The stock has a 50-day moving average price of $8.66 and a 200-day moving average price of $8.54.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The restaurant operator reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.05. Bloomin' Brands had a positive return on equity of 44.03% and a negative net margin of 0.12%.The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $974.69 million. During the same period in the previous year, the company earned $0.51 earnings per share. Bloomin' Brands's quarterly revenue was up .3% on a year-over-year basis. Research analysts expect that Bloomin' Brands, Inc. will post 1.8 earnings per share for the current year.

Bloomin' Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 19th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date is Tuesday, August 19th. Bloomin' Brands's dividend payout ratio is -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.