288,207 Shares in Bloomin' Brands, Inc. (NASDAQ:BLMN) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH 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 Securities & Exchange Commission. The fund acquired 288,207 shares of the restaurant operator's stock, valued at approximately $3,519,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.34% of Bloomin' Brands as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Headlands Technologies LLC bought a new position in Bloomin' Brands during the 4th quarter valued at about $27,000. Public Employees Retirement System of Ohio bought a new position in shares of Bloomin' Brands during the fourth quarter valued at approximately $32,000. Meeder Asset Management Inc. purchased a new stake in shares of Bloomin' Brands in the fourth quarter worth approximately $41,000. New Age Alpha Advisors LLC purchased a new stake in shares of Bloomin' Brands in the fourth quarter worth approximately $45,000. Finally, State of Wyoming lifted its stake in shares of 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 acquiring an additional 5,146 shares during the last quarter.

Bloomin' Brands Stock Down 1.0%

BLMN stock traded down $0.08 during trading on Tuesday, reaching $7.55. 1,990,806 shares of the company traded hands, compared to its average volume of 2,078,940. The company has a market capitalization of $641.23 million, a price-to-earnings ratio of -68.63 and a beta of 1.30. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.22 and a current ratio of 0.31. The business has a 50 day simple moving average of $7.74 and a 200 day simple moving average of $10.17. Bloomin' Brands, Inc. has a 12 month low of $6.09 and a 12 month high of $22.34.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.02. Bloomin' Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the firm earned $0.70 EPS. The company's quarterly revenue was down 1.8% compared to the same quarter last year. On average, equities research analysts anticipate that Bloomin' Brands, Inc. will post 1.8 earnings per share for the current fiscal year.

Bloomin' Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 20th. This represents a $0.60 annualized dividend and a yield of 7.95%. Bloomin' Brands's dividend payout ratio (DPR) is -2,000.00%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Barclays cut their price objective 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. JPMorgan Chase & Co. decreased their price objective on shares of Bloomin' Brands from $10.00 to $9.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. The Goldman Sachs Group lowered their price objective on shares of Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating for the company in a research report on Thursday, February 27th. UBS Group reduced their target price 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 for the company in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average 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.