Barclays PLC increased its position in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 29.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 219,080 shares of the restaurant operator's stock after acquiring an additional 49,723 shares during the quarter. Barclays PLC owned about 0.26% of Bloomin' Brands worth $3,621,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of BLMN. Gladius Capital Management LP acquired a new stake in shares of Bloomin' Brands in the third quarter valued at about $26,000. KBC Group NV grew its holdings in Bloomin' Brands by 79.1% in the 3rd quarter. KBC Group NV now owns 3,371 shares of the restaurant operator's stock valued at $56,000 after buying an additional 1,489 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Bloomin' Brands in the 2nd quarter worth approximately $111,000. Point72 DIFC Ltd acquired a new position in shares of Bloomin' Brands during the second quarter worth approximately $169,000. Finally, Olympiad Research LP bought a new stake in shares of Bloomin' Brands in the third quarter valued at approximately $202,000.
Bloomin' Brands Price Performance
Shares of BLMN traded down $0.49 during trading hours on Monday, hitting $11.46. The stock had a trading volume of 1,875,849 shares, compared to its average volume of 1,551,688. Bloomin' Brands, Inc. has a 52 week low of $11.24 and a 52 week high of $30.13. The stock has a market capitalization of $972.30 million, a price-to-earnings ratio of -104.17 and a beta of 1.95. The company's fifty day moving average is $14.25 and its two-hundred day moving average is $16.55. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.22.
Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The restaurant operator reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.02. The company had revenue of $1.03 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%. The company's revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the business posted $0.44 earnings per share. On average, analysts anticipate that Bloomin' Brands, Inc. will post 1.8 EPS for the current year.
Bloomin' Brands Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Monday, November 25th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 8.38%. The ex-dividend date of this dividend was Monday, November 25th. Bloomin' Brands's payout ratio is presently -872.73%.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group started coverage on shares of Bloomin' Brands in a research report on Thursday, December 5th. They set a "sell" rating and a $13.00 target price on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Bloomin' Brands from $19.00 to $14.00 and set a "neutral" rating on the stock in a report on Tuesday, November 12th. Piper Sandler reduced their target price on shares of Bloomin' Brands from $20.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, November 11th. Bank of America lowered their price target on Bloomin' Brands from $22.00 to $19.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 22nd. Finally, Barclays reduced their price objective on Bloomin' Brands from $20.00 to $19.00 and set an "overweight" rating for the company in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Bloomin' Brands has a consensus rating of "Hold" and an average price target of $19.09.
View Our Latest Analysis on BLMN
Bloomin' Brands Company Profile
(
Free Report)
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.
Featured Stories
Before you consider Bloomin' Brands, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bloomin' Brands wasn't on the list.
While Bloomin' Brands currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
