Bloomin' Brands, Inc. (NASDAQ:BLMN) Shares Acquired by Systematic Financial Management LP

Systematic Financial Management LP grew its holdings in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 14.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 624,500 shares of the restaurant operator's stock after purchasing an additional 79,758 shares during the quarter. Systematic Financial Management LP owned approximately 0.74% of Bloomin' Brands worth $10,323,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. SG Americas Securities LLC raised its position in shares of Bloomin' Brands by 219.2% in the 2nd quarter. SG Americas Securities LLC now owns 165,705 shares of the restaurant operator's stock worth $3,187,000 after buying an additional 113,798 shares during the period. Victory Capital Management Inc. raised its position in shares of 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 worth $47,923,000 after buying an additional 569,855 shares during the period. Hotchkis & Wiley Capital Management LLC raised its position in shares of Bloomin' Brands by 58.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 691,585 shares of the restaurant operator's stock worth $11,432,000 after buying an additional 254,570 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Bloomin' Brands in the 2nd quarter worth $563,000. Finally, Edgestream Partners L.P. purchased a new position in shares of Bloomin' Brands in the 2nd quarter worth $711,000.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. JPMorgan Chase & Co. cut their price objective on Bloomin' Brands from $19.00 to $14.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 12th. Citigroup cut their price objective on Bloomin' Brands from $22.00 to $20.00 and set a "neutral" rating on the stock in a research report on Monday, August 19th. Bank of America cut their price objective on 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 cut their price objective on Bloomin' Brands from $20.00 to $16.00 and set a "neutral" rating on the stock in a research report on Monday, November 11th. Finally, StockNews.com raised Bloomin' Brands from a "sell" rating to a "hold" rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Bloomin' Brands has an average rating of "Hold" and an average price target of $19.09.

Bloomin' Brands Stock Up 0.3 %

Shares of Bloomin' Brands stock traded up $0.04 during trading hours on Friday, hitting $12.89. 1,205,270 shares of the company's stock traded hands, compared to its average volume of 1,529,414. The stock has a 50 day simple moving average of $15.03 and a 200-day simple moving average of $17.27. 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 company has a market cap of $1.09 billion, a PE ratio of -117.17 and a beta of 1.95. Bloomin' Brands, Inc. has a twelve month low of $12.26 and a twelve month high of $30.13.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last posted 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. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.04 billion. Bloomin' Brands had a positive return on equity of 62.18% and a negative net margin of 0.12%. The company's revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period last year, the firm earned $0.44 earnings per share. Equities research analysts anticipate that Bloomin' Brands, Inc. will post 1.8 earnings per share for the current fiscal year.

Bloomin' Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Monday, November 25th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.96 dividend on an annualized basis and a yield of 7.45%. Bloomin' Brands's dividend payout ratio (DPR) 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.