Bloomin' Brands, Inc. (NASDAQ:BLMN) Shares Acquired by Two Sigma Investments LP

Two Sigma Investments LP grew its position in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 160.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 401,697 shares of the restaurant operator's stock after purchasing an additional 247,702 shares during the period. Two Sigma Investments LP owned approximately 0.47% of Bloomin' Brands worth $4,905,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of BLMN. Headlands Technologies LLC acquired a new position in Bloomin' Brands during the fourth quarter valued at approximately $27,000. Meeder Asset Management Inc. acquired a new position in shares of Bloomin' Brands during the 4th quarter valued at $41,000. New Age Alpha Advisors LLC acquired a new position in shares of Bloomin' Brands during the 4th quarter valued at $45,000. State of Wyoming boosted its position in Bloomin' Brands by 99.5% during the 4th quarter. State of Wyoming now owns 10,319 shares of the restaurant operator's stock worth $126,000 after purchasing an additional 5,146 shares during the period. Finally, Entropy Technologies LP acquired a new stake in Bloomin' Brands in the 4th quarter valued at $140,000.

Insider Activity at Bloomin' Brands

In other Bloomin' Brands news, EVP Patrick M. Hafner sold 9,555 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $8.32, for a total transaction of $79,497.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.00% of the company's stock.

Bloomin' Brands Stock Performance

BLMN traded down $0.07 during trading hours on Friday, hitting $7.64. The company's stock had a trading volume of 2,175,583 shares, compared to its average volume of 2,076,764. Bloomin' Brands, Inc. has a fifty-two week low of $6.09 and a fifty-two week high of $22.34. The firm has a market capitalization of $648.87 million, a PE ratio of -69.45 and a beta of 1.30. The company has a 50-day simple moving average of $7.75 and a 200 day simple moving average of $10.21. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 4.46.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The restaurant operator reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.02. The business had revenue of $1.05 billion during 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 company's quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.70 earnings per share. As a group, sell-side analysts expect that Bloomin' Brands, Inc. will post 1.8 EPS for the current year.

Bloomin' Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 7.85%. The ex-dividend date is Tuesday, May 20th. Bloomin' Brands's dividend payout ratio (DPR) is presently -2,000.00%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. BMO Capital Markets dropped their price objective on shares of Bloomin' Brands from $16.00 to $12.00 and set a "market perform" rating on the stock in a research note on Thursday, February 27th. UBS Group decreased their price objective on shares of Bloomin' Brands from $13.00 to $8.50 and set a "neutral" rating for the company in a research report on Monday, May 5th. The Goldman Sachs Group lowered their target price 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. Barclays cut their target price on Bloomin' Brands from $9.00 to $8.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Finally, Wall Street Zen raised shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. Two investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. According to data from MarketBeat, Bloomin' Brands presently has a consensus rating of "Hold" and a consensus price target of $13.75.

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.