Foundry Partners LLC Boosts Stock Position in Bloomin' Brands, Inc. (NASDAQ:BLMN)

Foundry Partners LLC grew its stake in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 32.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,256 shares of the restaurant operator's stock after buying an additional 49,398 shares during the quarter. Foundry Partners LLC owned approximately 0.23% of Bloomin' Brands worth $5,637,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of BLMN. EverSource Wealth Advisors LLC boosted its stake in shares of Bloomin' Brands by 683.2% in the third quarter. EverSource Wealth Advisors LLC now owns 1,261 shares of the restaurant operator's stock worth $31,000 after acquiring an additional 1,100 shares during the period. DekaBank Deutsche Girozentrale bought a new position in shares of Bloomin' Brands in the third quarter worth about $32,000. CWM LLC boosted its stake in shares of Bloomin' Brands by 54.8% in the third quarter. CWM LLC now owns 3,460 shares of the restaurant operator's stock worth $85,000 after acquiring an additional 1,225 shares during the period. Assetmark Inc. boosted its stake in shares of Bloomin' Brands by 23.5% in the third quarter. Assetmark Inc. now owns 4,026 shares of the restaurant operator's stock worth $99,000 after acquiring an additional 765 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of Bloomin' Brands by 221.2% in the third quarter. Signaturefd LLC now owns 4,147 shares of the restaurant operator's stock worth $102,000 after acquiring an additional 2,856 shares during the period.

Bloomin' Brands Trading Down 0.9 %

Shares of NASDAQ:BLMN traded down $0.23 during trading on Monday, hitting $26.81. The company had a trading volume of 1,068,679 shares, compared to its average volume of 1,300,821. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 10.54 and a beta of 2.00. Bloomin' Brands, Inc. has a one year low of $22.03 and a one year high of $30.13. The company has a fifty day simple moving average of $27.73 and a two-hundred day simple moving average of $25.97. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.34 and a quick ratio of 0.27.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last posted its quarterly earnings data on Friday, February 23rd. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.06. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.20 billion. Bloomin' Brands had a return on equity of 73.67% and a net margin of 5.30%. The company's revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the company earned $0.68 EPS. As a group, equities analysts forecast that Bloomin' Brands, Inc. will post 2.55 earnings per share for the current year.

Bloomin' Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th were issued a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.96 annualized dividend and a dividend yield of 3.58%. Bloomin' Brands's payout ratio is 37.94%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Raymond James upped their price objective on Bloomin' Brands from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 3rd. JPMorgan Chase & Co. lowered Bloomin' Brands from an "overweight" rating to a "neutral" rating and set a $26.00 price objective for the company. in a research note on Tuesday, January 23rd. Barclays increased their price target on Bloomin' Brands from $31.00 to $32.00 and gave the company an "overweight" rating in a research note on Monday, February 26th. Citigroup increased their price target on Bloomin' Brands from $25.00 to $29.00 and gave the company a "neutral" rating in a research note on Thursday, February 15th. Finally, BMO Capital Markets increased their price target on Bloomin' Brands from $27.00 to $29.00 and gave the company a "market perform" rating in a research note on Monday, February 26th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $27.90.

Bloomin' Brands Company Profile

Bloomin' Brands, Inc, through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. The company operates through two segments, U.S. and International. Its restaurant portfolio has four concepts, including Outback Steakhouse, a casual steakhouse restaurant; Carrabba's Italian Grill, a casual Italian restaurant; Bonefish Grill; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.