Bloomin' Brands, Inc. (NASDAQ:BLMN) Shares Bought by Maverick Capital Ltd.

Maverick Capital Ltd. boosted its stake in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 420.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 103,427 shares of the restaurant operator's stock after acquiring an additional 83,569 shares during the quarter. Maverick Capital Ltd. owned about 0.12% of Bloomin' Brands worth $1,989,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of Bloomin' Brands by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,553,719 shares of the restaurant operator's stock valued at $49,105,000 after purchasing an additional 16,878 shares during the period. Victory Capital Management Inc. boosted its position in Bloomin' Brands by 29.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,492,119 shares of the restaurant operator's stock valued at $47,923,000 after buying an additional 569,855 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Bloomin' Brands by 0.3% during the second quarter. Principal Financial Group Inc. now owns 2,381,235 shares of the restaurant operator's stock valued at $45,791,000 after acquiring an additional 6,107 shares in the last quarter. Deprince Race & Zollo Inc. purchased a new stake in shares of Bloomin' Brands during the second quarter worth about $28,672,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Bloomin' Brands by 3.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,125,008 shares of the restaurant operator's stock worth $32,267,000 after acquiring an additional 41,128 shares in the last quarter.

Bloomin' Brands Stock Performance

Shares of NASDAQ:BLMN traded up $0.10 on Friday, reaching $17.03. 186,905 shares of the company's stock were exchanged, compared to its average volume of 1,476,056. The business's 50-day moving average is $17.64 and its two-hundred day moving average is $21.39. The company has a quick ratio of 0.26, a current ratio of 0.35 and a debt-to-equity ratio of 3.46. Bloomin' Brands, Inc. has a fifty-two week low of $15.20 and a fifty-two week high of $30.13. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 26.45 and a beta of 2.05.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.07). Bloomin' Brands had a return on equity of 61.90% and a net margin of 0.70%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the company earned $0.74 EPS. Bloomin' Brands's revenue was down 2.9% compared to the same quarter last year. As a group, equities research analysts forecast that Bloomin' Brands, Inc. will post 2.08 EPS for the current year.

Bloomin' Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Tuesday, August 20th were given a dividend of $0.24 per share. The ex-dividend date was Tuesday, August 20th. This represents a $0.96 dividend on an annualized basis and a yield of 5.64%. Bloomin' Brands's dividend payout ratio is currently 150.00%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on BLMN shares. StockNews.com lowered Bloomin' Brands from a "hold" rating to a "sell" rating in a research note on Friday, August 9th. Citigroup decreased their price target on shares of Bloomin' Brands from $22.00 to $20.00 and set a "neutral" rating for the company in a research report on Monday, August 19th. UBS Group cut their price target 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. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Bloomin' Brands from $26.00 to $19.00 and set a "hold" rating on the stock in a research note on Wednesday, August 7th. Finally, Barclays dropped their target price on shares of Bloomin' Brands from $30.00 to $22.00 and set an "overweight" rating for the company in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $22.33.

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.