Xcel Wealth Management LLC Purchases 45,206 Shares of Bloomin' Brands, Inc. (NASDAQ:BLMN)

Xcel Wealth Management LLC raised its holdings in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 10.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 467,320 shares of the restaurant operator's stock after purchasing an additional 45,206 shares during the period. Bloomin' Brands accounts for approximately 1.0% of Xcel Wealth Management LLC's holdings, making the stock its 28th biggest holding. Xcel Wealth Management LLC owned about 0.55% of Bloomin' Brands worth $3,351,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position 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 period. Headlands Technologies LLC acquired a new stake in shares of Bloomin' Brands in the 4th quarter valued at approximately $27,000. Public Employees Retirement System of Ohio bought a new stake in Bloomin' Brands during the 4th quarter worth approximately $32,000. Meeder Asset Management Inc. bought a new stake in Bloomin' Brands during the 4th quarter worth approximately $41,000. Finally, New Age Alpha Advisors LLC bought a new stake in Bloomin' Brands during the 4th quarter worth approximately $45,000.

Bloomin' Brands Stock Up 0.5%

Shares of BLMN traded up $0.06 during mid-day trading on Friday, hitting $10.26. 1,337,058 shares of the company's stock were exchanged, compared to its average volume of 2,170,214. The company has a market cap of $870.97 million, a PE ratio of -341.72 and a beta of 1.32. Bloomin' Brands, Inc. has a 52 week low of $6.09 and a 52 week high of $21.45. The company has a 50-day simple moving average of $8.38 and a 200 day simple moving average of $9.51. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.41 and a quick ratio of 0.33.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.04 billion. Bloomin' Brands had a negative net margin of 0.05% and a positive return on equity of 55.08%. The business's quarterly revenue was down 1.8% on a year-over-year basis. During the same period last year, the business earned $0.70 EPS. On average, research analysts forecast that Bloomin' Brands, Inc. will post 1.8 earnings per share for the current fiscal year.

Bloomin' Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th were paid a $0.15 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $0.60 annualized dividend and a dividend yield of 5.85%. Bloomin' Brands's dividend payout ratio is presently -2,000.00%.

Analyst Upgrades and Downgrades

BLMN has been the subject of a number of research reports. Wall Street Zen raised Bloomin' Brands from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. UBS Group lowered their target price on Bloomin' Brands from $13.00 to $8.50 and set a "neutral" rating for the company in a research note on Monday, May 5th. JPMorgan Chase & Co. increased their target price on Bloomin' Brands from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 25th. Finally, Barclays lowered their target price on 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. Two research analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $13.85.

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.