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

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

A number of other large investors have also recently made changes to their positions in the stock. Franklin Resources Inc. increased its stake in shares of Bloomin' Brands by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 50,007 shares of the restaurant operator's stock worth $773,000 after purchasing an additional 1,392 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Bloomin' Brands in the fourth quarter worth about $27,000. Rhumbline Advisers raised its stake in shares of Bloomin' Brands by 1.3% in the fourth quarter. Rhumbline Advisers now owns 238,093 shares of the restaurant operator's stock worth $2,907,000 after buying an additional 2,977 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of Bloomin' Brands during the 4th quarter valued at about $41,000. Finally, Rye Brook Capital LLC boosted its position in shares of Bloomin' Brands by 2.1% in the fourth quarter. Rye Brook Capital LLC now owns 167,700 shares of the restaurant operator's stock worth $2,048,000 after purchasing an additional 3,500 shares during the period.

Bloomin' Brands Trading Down 4.4%

NASDAQ BLMN traded down $0.36 during mid-day trading on Wednesday, reaching $7.66. 467,220 shares of the stock were exchanged, compared to its average volume of 2,043,517. Bloomin' Brands, Inc. has a 1-year low of $6.09 and a 1-year high of $23.30. The business's fifty day simple moving average is $7.83 and its 200 day simple moving average is $10.65. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.22 and a current ratio of 0.31. The stock has a market capitalization of $650.15 million, a PE ratio of -69.68 and a beta of 1.30.

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

Bloomin' Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th will be given a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.60 dividend on an annualized basis and a yield of 7.84%. Bloomin' Brands's dividend payout ratio is presently -2,000.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BLMN shares. UBS Group cut their price objective on shares of Bloomin' Brands from $13.00 to $8.50 and set a "neutral" rating for the company in a report on Monday, May 5th. JPMorgan Chase & Co. decreased their price objective on shares of Bloomin' Brands from $10.00 to $9.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. StockNews.com upgraded Bloomin' Brands from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. Barclays lowered their price target on shares of Bloomin' Brands from $9.00 to $8.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Finally, BMO Capital Markets decreased their price target on Bloomin' Brands from $16.00 to $12.00 and set a "market perform" rating for the company in a research note on Thursday, February 27th. Two research analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $13.75.

Insider Buying and Selling

In related news, EVP Patrick M. Hafner sold 9,555 shares of Bloomin' Brands stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $8.32, for a total value of $79,497.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.00% of the stock is owned by corporate insiders.

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.