Dynamic Technology Lab Private Ltd Purchases Shares of 64,384 Bloomin' Brands, Inc. (NASDAQ:BLMN)

Dynamic Technology Lab Private Ltd purchased a new position in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 64,384 shares of the restaurant operator's stock, valued at approximately $1,064,000. Dynamic Technology Lab Private Ltd owned approximately 0.08% of Bloomin' Brands at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its holdings in shares of Bloomin' Brands by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,553,719 shares of the restaurant operator's stock worth $49,105,000 after purchasing an additional 16,878 shares in the last quarter. Principal Financial Group Inc. lifted its position in Bloomin' Brands by 6.2% during the third quarter. Principal Financial Group Inc. now owns 2,529,130 shares of the restaurant operator's stock worth $41,806,000 after purchasing an additional 147,895 shares during the period. Victory Capital Management Inc. grew its stake in Bloomin' Brands by 29.6% during the second quarter. Victory Capital Management Inc. now owns 2,492,119 shares of the restaurant operator's stock worth $47,923,000 after buying an additional 569,855 shares in the last quarter. Deprince Race & Zollo Inc. bought a new position in Bloomin' Brands in the 2nd quarter valued at about $28,672,000. Finally, Jennison Associates LLC raised its position in shares of Bloomin' Brands by 4.4% in the 3rd quarter. Jennison Associates LLC now owns 1,411,200 shares of the restaurant operator's stock valued at $23,327,000 after buying an additional 59,418 shares in the last quarter.

Bloomin' Brands Price Performance

Shares of BLMN stock opened at $13.74 on Wednesday. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.22. The business's 50-day moving average price is $15.56 and its 200-day moving average price is $17.77. Bloomin' Brands, Inc. has a 12 month low of $12.26 and a 12 month high of $30.13.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last posted its earnings results on Friday, November 8th. The restaurant operator reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. Bloomin' Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the company earned $0.44 EPS. The firm's revenue was down 5.1% compared to the same quarter last year. As a group, equities analysts expect that Bloomin' Brands, Inc. will post 1.8 earnings per share for the current year.

Bloomin' Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Monday, November 25th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.96 annualized dividend and a yield of 6.99%. Bloomin' Brands's payout ratio is -872.65%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on BLMN shares. Bank of America reduced their price target on shares of Bloomin' Brands from $22.00 to $19.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 22nd. Piper Sandler decreased their price target on Bloomin' Brands from $20.00 to $16.00 and set a "neutral" rating on the stock in a research note on Monday, November 11th. Citigroup lowered their price target on Bloomin' Brands from $22.00 to $20.00 and set a "neutral" rating for the company in a report on Monday, August 19th. StockNews.com raised Bloomin' Brands from a "sell" rating to a "hold" rating in a research note on Wednesday, November 6th. Finally, Raymond James cut Bloomin' Brands from an "outperform" rating to a "market perform" rating in a research report on Monday, November 11th. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $19.70.

About Bloomin' Brands

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.