Graham Capital Management L.P. Makes New $511,000 Investment in Bloomin' Brands, Inc. (NASDAQ:BLMN)

Graham Capital Management L.P. bought a new stake in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 41,862 shares of the restaurant operator's stock, valued at approximately $511,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. grew its holdings in shares of Bloomin' Brands by 0.4% during the fourth quarter. Victory Capital Management Inc. now owns 2,390,703 shares of the restaurant operator's stock worth $29,190,000 after buying an additional 10,635 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in 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 worth $22,187,000 after buying an additional 1,442,964 shares during the period. American Century Companies Inc. boosted its stake in shares of Bloomin' Brands by 565.9% in the fourth 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 period. William Blair Investment Management LLC increased its stake in 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 worth $20,135,000 after acquiring an additional 18,525 shares during the period. Finally, Schonfeld Strategic Advisors LLC boosted 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 purchasing an additional 1,550,364 shares in the last quarter.

Insider Activity at Bloomin' Brands

In other Bloomin' Brands news, EVP Patrick M. Hafner sold 9,555 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $8.32, for a total value of $79,497.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is owned by insiders.

Bloomin' Brands Stock Down 4.7%

NASDAQ:BLMN traded down $0.41 during trading hours on Monday, reaching $8.40. The company had a trading volume of 3,034,762 shares, compared to its average volume of 2,045,166. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 4.46. The firm has a market cap of $713.42 million, a price-to-earnings ratio of -76.36 and a beta of 1.30. The business's 50-day simple moving average is $7.85 and its two-hundred day simple moving average is $10.72. Bloomin' Brands, Inc. has a twelve month low of $6.09 and a twelve month high of $23.50.

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, beating the consensus estimate of $0.57 by $0.02. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. Bloomin' Brands had a positive return on equity of 62.18% and a negative net margin of 0.12%. 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 business posted $0.70 EPS. On average, equities analysts expect that Bloomin' Brands, Inc. will post 1.8 earnings per share for the current year.

Bloomin' Brands Dividend Announcement

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 issued a $0.15 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.14%. Bloomin' Brands's dividend payout ratio is presently -2,000.00%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. The Goldman Sachs Group cut their price target on Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating on the stock in a research note on Thursday, February 27th. StockNews.com raised Bloomin' Brands from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. Bank of America lowered Bloomin' Brands from a "neutral" rating to an "underperform" rating and cut their price target for the company from $18.00 to $13.00 in a research note on Monday, January 27th. UBS Group cut their price target on Bloomin' Brands from $13.00 to $8.50 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Finally, Barclays cut their price target on Bloomin' Brands from $9.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average 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.