Fund 1 Investments LLC Takes $7.84 Million Position in Bloomin' Brands, Inc. (NASDAQ:BLMN)

Fund 1 Investments LLC acquired a new stake in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 642,055 shares of the restaurant operator's stock, valued at approximately $7,839,000. Bloomin' Brands accounts for about 0.7% of Fund 1 Investments LLC's holdings, making the stock its 27th largest holding. Fund 1 Investments LLC owned 0.76% of Bloomin' Brands as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. FORA Capital LLC raised its holdings in shares of Bloomin' Brands by 42.8% in the 4th quarter. FORA Capital LLC now owns 20,165 shares of the restaurant operator's stock worth $246,000 after purchasing an additional 6,040 shares during the period. Deutsche Bank AG raised its holdings in Bloomin' Brands by 45.0% in the fourth quarter. Deutsche Bank AG now owns 69,699 shares of the restaurant operator's stock valued at $851,000 after buying an additional 21,631 shares during the period. CastleKnight Management LP lifted its position in Bloomin' Brands by 34.1% during the fourth quarter. CastleKnight Management LP now owns 37,400 shares of the restaurant operator's stock valued at $457,000 after buying an additional 9,500 shares in the last quarter. Bridgefront Capital LLC acquired a new position in Bloomin' Brands during the fourth quarter valued at approximately $488,000. Finally, BW Gestao de Investimentos Ltda. raised its stake in shares of Bloomin' Brands by 17.7% in the 4th quarter. BW Gestao de Investimentos Ltda. now owns 332,060 shares of the restaurant operator's stock valued at $4,054,000 after acquiring an additional 50,000 shares during the period.

Insider Activity

In other Bloomin' Brands news, EVP Patrick M. Hafner sold 9,555 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $8.32, for a total transaction of $79,497.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.00% of the stock is currently owned by company insiders.

Bloomin' Brands Price Performance

Shares of NASDAQ:BLMN traded up $0.24 during trading hours on Wednesday, hitting $8.67. 1,595,924 shares of the company's stock traded hands, compared to its average volume of 2,028,948. The company's fifty day simple moving average is $7.85 and its two-hundred day simple moving average is $10.93. The company has a market cap of $736.35 million, a price-to-earnings ratio of -78.81 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. Bloomin' Brands, Inc. has a 52 week low of $6.09 and a 52 week high of $24.50.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last issued its earnings results on Wednesday, May 7th. The restaurant operator reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.02. The firm 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 0.12% and a positive return on equity of 62.18%. The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the firm posted $0.70 earnings per share. As a group, equities analysts anticipate that Bloomin' Brands, Inc. will post 1.8 EPS for the current fiscal year.

Bloomin' Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.92%. The ex-dividend date is Tuesday, May 20th. Bloomin' Brands's dividend payout ratio (DPR) is presently -2,000.00%.

Analyst Ratings Changes

Several brokerages recently commented on BLMN. Bank of America downgraded Bloomin' Brands from a "neutral" rating to an "underperform" rating and dropped their target price for the company from $18.00 to $13.00 in a report on Monday, January 27th. BMO Capital Markets cut their price objective on 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 reduced their price target 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. The Goldman Sachs Group dropped their price target on Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating on the stock in a research report on Thursday, February 27th. Finally, StockNews.com raised shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a report on Friday, March 7th. Two investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $13.75.

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.