Advisors Asset Management Inc. Has $2.77 Million Stock Holdings in Bloomin' Brands, Inc. (NASDAQ:BLMN)

Advisors Asset Management Inc. boosted its stake in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 176.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 167,495 shares of the restaurant operator's stock after acquiring an additional 106,804 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.20% of Bloomin' Brands worth $2,769,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SummerHaven Investment Management LLC grew its stake in shares of Bloomin' Brands by 2.6% during the second quarter. SummerHaven Investment Management LLC now owns 27,857 shares of the restaurant operator's stock valued at $536,000 after purchasing an additional 718 shares during the last quarter. Verdence Capital Advisors LLC lifted its holdings in Bloomin' Brands by 6.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 12,676 shares of the restaurant operator's stock worth $210,000 after buying an additional 780 shares in the last quarter. Hsbc Holdings PLC boosted its position in Bloomin' Brands by 8.7% in the 2nd quarter. Hsbc Holdings PLC now owns 13,567 shares of the restaurant operator's stock valued at $258,000 after buying an additional 1,083 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Bloomin' Brands by 8.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,204 shares of the restaurant operator's stock valued at $331,000 after buying an additional 1,354 shares during the period. Finally, KBC Group NV raised its position in shares of Bloomin' Brands by 79.1% during the third quarter. KBC Group NV now owns 3,371 shares of the restaurant operator's stock worth $56,000 after acquiring an additional 1,489 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BLMN shares. Bank of America decreased their price target on Bloomin' Brands from $22.00 to $19.00 and set a "neutral" rating on the stock in a report on Tuesday, October 22nd. StockNews.com raised shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a research note on Wednesday, November 6th. UBS Group cut their price objective on shares of Bloomin' Brands from $26.00 to $18.00 and set a "neutral" rating on the stock in a report on Wednesday, August 7th. Citigroup lowered their target price on shares of Bloomin' Brands from $22.00 to $20.00 and set a "neutral" rating for the company in a report on Monday, August 19th. Finally, Barclays cut their price target on Bloomin' Brands from $20.00 to $19.00 and set an "overweight" rating on the stock in a research note on Monday, November 11th. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $19.70.

Bloomin' Brands Trading Up 3.1 %

Bloomin' Brands stock traded up $0.40 during mid-day trading on Friday, hitting $13.19. 1,830,419 shares of the company's stock were exchanged, compared to its average volume of 2,225,487. The company's 50 day simple moving average is $15.70 and its 200-day simple moving average is $17.93. 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 capitalization of $1.12 billion, a P/E ratio of -119.90 and a beta of 2.04. Bloomin' Brands, Inc. has a fifty-two week low of $12.26 and a fifty-two week high of $30.13.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last released its quarterly earnings results on Friday, November 8th. The restaurant operator reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.19 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 $1.03 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the firm posted $0.44 earnings per share. Bloomin' Brands's revenue was down 5.1% compared to the same quarter last year. On average, equities analysts anticipate that Bloomin' Brands, Inc. will post 1.8 earnings per share for the current year.

Bloomin' Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Monday, November 25th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 7.28%. The ex-dividend date is Monday, November 25th. Bloomin' Brands's dividend payout ratio is -872.65%.

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.