Fund 1 Investments LLC Buys New Shares in Bloomin' Brands, Inc. (NASDAQ:BLMN)

Fund 1 Investments LLC bought a new position in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 642,055 shares of the restaurant operator's stock, valued at approximately $7,839,000. Bloomin' Brands comprises about 0.7% of Fund 1 Investments LLC's investment portfolio, making the stock its 27th largest position. Fund 1 Investments LLC owned 0.76% of Bloomin' Brands as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Principal Financial Group Inc. increased its position in shares of Bloomin' Brands by 6.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,529,130 shares of the restaurant operator's stock worth $41,806,000 after purchasing an additional 147,895 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Bloomin' Brands by 0.4% during the 4th quarter. Victory Capital Management Inc. now owns 2,390,703 shares of the restaurant operator's stock valued at $29,190,000 after buying an additional 10,635 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Bloomin' Brands by 385.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,817,145 shares of the restaurant operator's stock valued at $22,187,000 after buying an additional 1,442,964 shares during the last quarter. American Century Companies Inc. grew its position in shares of Bloomin' Brands by 565.9% during 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 buying an additional 1,522,370 shares during the last quarter. Finally, William Blair Investment Management LLC grew its position in shares of Bloomin' Brands by 1.1% during the 4th quarter. William Blair Investment Management LLC now owns 1,649,084 shares of the restaurant operator's stock valued at $20,135,000 after buying an additional 18,525 shares during the last quarter.

Wall Street Analysts Forecast Growth

BLMN has been the subject of a number of recent research reports. Barclays lowered their price objective on shares of Bloomin' Brands from $9.00 to $8.00 and set an "equal weight" rating for the company in a research report on Thursday. JPMorgan Chase & Co. lowered their price objective on shares of Bloomin' Brands from $10.00 to $9.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. UBS Group lowered their price objective on shares of Bloomin' Brands from $13.00 to $8.50 and set a "neutral" rating for the company in a research report on Monday, May 5th. StockNews.com raised shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. Finally, BMO Capital Markets lowered their price objective on shares of Bloomin' Brands from $16.00 to $12.00 and set a "market perform" rating for the company in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $13.75.

Insider Transactions at Bloomin' Brands

In other news, EVP Patrick M. Hafner sold 9,555 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $8.32, for a total value of $79,497.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.00% of the company's stock.

Bloomin' Brands Stock Performance

Bloomin' Brands stock traded down $0.03 during midday trading on Friday, reaching $7.30. 3,526,678 shares of the stock traded hands, compared to its average volume of 2,007,656. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 4.46. The firm has a fifty day moving average price of $7.85 and a two-hundred day moving average price of $11.00. The firm has a market cap of $620.00 million, a price-to-earnings ratio of -66.36 and a beta of 1.30. Bloomin' Brands, Inc. has a fifty-two week low of $6.09 and a fifty-two week high of $24.50.

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

Bloomin' Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.22%. The ex-dividend date of this dividend is Tuesday, May 20th. Bloomin' Brands's dividend payout ratio is currently -40.27%.

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.