Goldstone Financial Group LLC Makes New $286,000 Investment in Bloomin' Brands, Inc. (NASDAQ:BLMN)

Goldstone Financial Group LLC bought a new position in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 23,459 shares of the restaurant operator's stock, valued at approximately $286,000.

Several other institutional investors have also made changes to their positions in BLMN. Verdence Capital Advisors LLC lifted its position in Bloomin' Brands by 6.6% in 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 increased its stake in shares of Bloomin' Brands by 8.7% in the second quarter. Hsbc Holdings PLC now owns 13,567 shares of the restaurant operator's stock worth $258,000 after acquiring an additional 1,083 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Bloomin' Brands by 2.9% during the third quarter. Franklin Resources Inc. now owns 50,007 shares of the restaurant operator's stock worth $773,000 after acquiring an additional 1,392 shares in the last quarter. KBC Group NV boosted its position in Bloomin' Brands by 79.1% during the third quarter. KBC Group NV now owns 3,371 shares of the restaurant operator's stock valued at $56,000 after purchasing an additional 1,489 shares during the last quarter. Finally, Gladius Capital Management LP purchased a new position in Bloomin' Brands in the third quarter valued at about $26,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BLMN shares. The Goldman Sachs Group assumed coverage on Bloomin' Brands in a research note on Thursday, December 5th. They set a "sell" rating and a $13.00 price target for the company. UBS Group cut their price objective on shares of Bloomin' Brands from $16.00 to $13.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. StockNews.com raised shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a research report on Wednesday, November 6th. Barclays restated an "equal weight" rating and set a $13.00 price target (down previously from $19.00) on shares of Bloomin' Brands in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Bloomin' Brands from $19.00 to $14.00 and set a "neutral" rating for the company in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $16.90.

Bloomin' Brands Stock Performance

Shares of BLMN stock traded down $0.20 during trading hours on Friday, reaching $11.29. 1,532,423 shares of the company's stock were exchanged, compared to its average volume of 1,609,642. Bloomin' Brands, Inc. has a fifty-two week low of $11.03 and a fifty-two week high of $30.13. 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 stock has a market capitalization of $957.84 million, a P/E ratio of -102.63 and a beta of 1.97. The business has a fifty day moving average price of $12.57 and a 200-day moving average price of $15.62.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last posted its quarterly earnings results on Friday, November 8th. The restaurant operator reported $0.21 earnings per share (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 company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the business posted $0.44 EPS. The business's quarterly revenue was down 5.1% on a year-over-year basis. Analysts predict that Bloomin' Brands, Inc. will post 1.8 EPS for the current fiscal year.

Bloomin' Brands Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 8.50%. The ex-dividend date was Monday, November 25th. Bloomin' Brands's 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.