Vanguard Group Inc. Has $64.91 Million Stock Position in Bloomin' Brands, Inc. $BLMN

Key Points

• Vanguard Group Inc. has reduced its stake in Bloomin' Brands, Inc. by 3.1%, now holding approximately 10.66% of the company, valued at about $64.9 million.
• Analysts have trimmed price targets for Bloomin' Brands, with BMO Capital Markets lowering it from $10.00 to $8.00, while Goldman Sachs dropped theirs from $8.00 to $6.50, indicating a bearish outlook.
• Bloomin' Brands has announced a quarterly dividend of $0.15 per share, which demonstrates an annualized yield of 8.4%, despite a significant negative dividend payout ratio of -1,200.00%.

Vanguard Group Inc. cut its stake in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 3.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,053,601 shares of the restaurant operator's stock after selling 290,723 shares during the period. Vanguard Group Inc. owned 10.66% of Bloomin' Brands worth $64,914,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in BLMN. Schonfeld Strategic Advisors LLC raised its stake in shares of Bloomin' Brands by 8,666.6% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 1,568,253 shares of the restaurant operator's stock valued at $19,148,000 after acquiring an additional 1,550,364 shares during the period. Fund 1 Investments LLC purchased a new position in shares of Bloomin' Brands in the 4th quarter valued at $7,839,000. Carolina Wealth Advisors LLC purchased a new position in shares of Bloomin' Brands in the 1st quarter valued at $3,812,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Bloomin' Brands in the 4th quarter valued at $3,519,000. Finally, Two Sigma Investments LP raised its stake in shares of Bloomin' Brands by 160.9% in the 4th quarter. Two Sigma Investments LP now owns 401,697 shares of the restaurant operator's stock valued at $4,905,000 after acquiring an additional 247,702 shares during the period.

Bloomin' Brands Stock Performance

Bloomin' Brands stock traded up $0.06 during mid-day trading on Friday, reaching $7.35. The company's stock had a trading volume of 1,764,376 shares, compared to its average volume of 3,494,303. The business has a 50 day moving average price of $8.61 and a 200-day moving average price of $8.51. The company has a current ratio of 0.43, a quick ratio of 0.35 and a debt-to-equity ratio of 2.29. Bloomin' Brands, Inc. has a twelve month low of $6.09 and a twelve month high of $17.89. The firm has a market cap of $625.26 million, a price-to-earnings ratio of -147.00 and a beta of 1.32.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last issued 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. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $974.69 million. Bloomin' Brands had a negative net margin of 0.12% and a positive return on equity of 44.03%. Bloomin' Brands's quarterly revenue was up .3% compared to the same quarter last year. During the same period last year, the firm posted $0.51 EPS. Sell-side analysts predict that Bloomin' Brands, Inc. will post 1.8 EPS for the current fiscal year.

Bloomin' Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th will be given a $0.15 dividend. The ex-dividend date is Tuesday, August 19th. This represents a $0.60 annualized dividend and a yield of 8.2%. Bloomin' Brands's payout ratio is -1,200.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BLMN shares. JPMorgan Chase & Co. raised their target price on shares of Bloomin' Brands from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Wednesday, June 25th. BMO Capital Markets decreased their target price on shares of Bloomin' Brands from $10.00 to $8.00 and set a "market perform" rating for the company in a research note on Thursday, August 7th. The Goldman Sachs Group decreased their target price on shares of Bloomin' Brands from $8.00 to $6.50 and set a "sell" rating for the company in a research note on Thursday, August 7th. Barclays decreased their target price on shares of Bloomin' Brands from $9.00 to $7.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 6th. Finally, Morgan Stanley upped their target price on shares of Bloomin' Brands from $9.00 to $10.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. Seven equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus price target of $9.88.

About Bloomin' Brands

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.