Y Intercept Hong Kong Ltd Takes $1.20 Million Position in Bloomin' Brands, Inc. (NASDAQ:BLMN)

Y Intercept Hong Kong Ltd acquired a new position in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 167,454 shares of the restaurant operator's stock, valued at approximately $1,201,000. Y Intercept Hong Kong Ltd owned approximately 0.20% of Bloomin' Brands at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership raised its holdings in Bloomin' Brands by 385.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,817,145 shares of the restaurant operator's stock worth $22,187,000 after purchasing an additional 1,442,964 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Bloomin' Brands by 565.9% in the 4th quarter. American Century Companies Inc. now owns 1,791,366 shares of the restaurant operator's stock valued at $21,873,000 after acquiring an additional 1,522,370 shares during the period. Schonfeld Strategic Advisors LLC increased its holdings 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. Marshall Wace LLP increased its holdings in shares of Bloomin' Brands by 483.0% in the 4th quarter. Marshall Wace LLP now owns 1,225,608 shares of the restaurant operator's stock valued at $14,965,000 after acquiring an additional 1,015,372 shares during the period. Finally, Prudential Financial Inc. increased its holdings in shares of Bloomin' Brands by 40.6% in the 4th quarter. Prudential Financial Inc. now owns 1,024,543 shares of the restaurant operator's stock valued at $12,510,000 after acquiring an additional 295,641 shares during the period.

Bloomin' Brands Price Performance

Shares of NASDAQ BLMN traded down $0.21 during trading on Monday, hitting $9.84. 311,335 shares of the company were exchanged, compared to its average volume of 2,553,206. The company has a market cap of $835.37 million, a price-to-earnings ratio of -330.06 and a beta of 1.32. Bloomin' Brands, Inc. has a 1 year low of $6.09 and a 1 year high of $21.45. The firm's fifty day moving average price is $8.87 and its 200 day moving average price is $9.24. 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 earnings results on Wednesday, May 7th. The restaurant operator reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates 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 revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.70 EPS. On average, sell-side analysts expect that Bloomin' Brands, Inc. will post 1.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. UBS Group cut their target price on shares of Bloomin' Brands from $13.00 to $8.50 and set a "neutral" rating on the stock in a report on Monday, May 5th. JPMorgan Chase & Co. lifted their target price on shares of Bloomin' Brands from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Wednesday, June 25th. Morgan Stanley lifted their target price on shares of Bloomin' Brands from $9.00 to $10.00 and gave the company an "equal weight" rating in a report on Monday, July 14th. Finally, Barclays lifted their price objective on shares of Bloomin' Brands from $8.00 to $9.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. Two research analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. According to MarketBeat, Bloomin' Brands presently has a consensus rating of "Hold" and a consensus price target of $12.75.

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.