Two Sigma Advisers LP Invests $1.55 Million in Bloomin' Brands, Inc. (NASDAQ:BLMN)

Two Sigma Advisers LP acquired a new position in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 127,100 shares of the restaurant operator's stock, valued at approximately $1,552,000. Two Sigma Advisers LP owned about 0.15% of Bloomin' Brands at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC purchased a new stake in Bloomin' Brands during the 4th quarter worth about $27,000. Rhumbline Advisers raised its holdings in Bloomin' Brands by 1.3% during the fourth quarter. Rhumbline Advisers now owns 238,093 shares of the restaurant operator's stock worth $2,907,000 after purchasing an additional 2,977 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Bloomin' Brands during the 4th quarter worth approximately $41,000. Rye Brook Capital LLC boosted its holdings in shares of Bloomin' Brands by 2.1% in the 4th quarter. Rye Brook Capital LLC now owns 167,700 shares of the restaurant operator's stock valued at $2,048,000 after buying an additional 3,500 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Bloomin' Brands in the 4th quarter valued at $45,000.

Bloomin' Brands Stock Performance

NASDAQ:BLMN traded up $0.33 during midday trading on Wednesday, reaching $7.88. The stock had a trading volume of 2,560,784 shares, compared to its average volume of 2,084,112. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 4.46. The stock has a market cap of $669.26 million, a P/E ratio of -71.63 and a beta of 1.30. The firm has a fifty day simple moving average of $7.74 and a two-hundred day simple moving average of $10.14. 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 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 0.12% and a positive return on equity of 62.18%. The business's quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.70 earnings per share. On average, equities analysts expect that Bloomin' Brands, Inc. will post 1.8 EPS for the current year.

Bloomin' Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.61%. The ex-dividend date is Tuesday, May 20th. Bloomin' Brands's dividend payout ratio (DPR) is -2,000.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Barclays decreased their price objective on shares of Bloomin' Brands from $9.00 to $8.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. UBS Group decreased their target price on Bloomin' Brands from $13.00 to $8.50 and set a "neutral" rating for the company in a research report on Monday, May 5th. JPMorgan Chase & Co. cut their price target on Bloomin' Brands from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. The Goldman Sachs Group reduced their price objective on Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating for the company in a research note on Thursday, February 27th. Finally, BMO Capital Markets lowered their target price on shares of Bloomin' Brands from $16.00 to $12.00 and set a "market perform" rating on the stock in a research report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating and ten have given a hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $13.75.

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.