GAMMA Investing LLC Increases Holdings in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

GAMMA Investing LLC raised its holdings in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 824.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,200 shares of the restaurant operator’s stock after purchasing an additional 40,310 shares during the period. GAMMA Investing LLC owned 0.05% of Bloomin’ Brands worth $324,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BLMN. Victory Capital Management Inc. lifted its position in shares of Bloomin’ Brands by 0.4% in the 4th quarter. Victory Capital Management Inc. now owns 2,390,703 shares of the restaurant operator’s stock worth $29,190,000 after purchasing an additional 10,635 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Bloomin’ Brands by 385.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,817,145 shares of the restaurant operator’s stock valued at $22,187,000 after buying an additional 1,442,964 shares during the period. American Century Companies Inc. raised its stake in Bloomin’ Brands by 565.9% in the fourth quarter. American Century Companies Inc. now owns 1,791,366 shares of the restaurant operator’s stock worth $21,873,000 after buying an additional 1,522,370 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in Bloomin’ Brands by 1.1% in the fourth quarter. William Blair Investment Management LLC now owns 1,649,084 shares of the restaurant operator’s stock worth $20,135,000 after buying an additional 18,525 shares during the period. Finally, Schonfeld Strategic Advisors LLC lifted its holdings in Bloomin’ Brands by 8,666.6% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 1,568,253 shares of the restaurant operator’s stock worth $19,148,000 after buying an additional 1,550,364 shares during the period.

Bloomin’ Brands Price Performance

BLMN opened at $9.51 on Friday. The stock has a 50-day moving average price of $8.12 and a 200-day moving average price of $9.74. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.41 and a quick ratio of 0.33. The firm has a market cap of $807.68 million, a PE ratio of -316.89 and a beta of 1.29. Bloomin’ Brands, Inc. has a 1 year low of $6.09 and a 1 year high of $21.45.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings data on Wednesday, May 7th. The restaurant operator reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. Bloomin’ Brands had a negative net margin of 0.05% and a positive return on equity of 55.08%. Bloomin’ Brands’s revenue was down 1.8% compared to the same quarter last year. During the same period last year, the business earned $0.70 EPS. Sell-side analysts predict that Bloomin’ Brands, Inc. will post 1.8 earnings per share for the current fiscal year.

Bloomin’ Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.60 annualized dividend and a dividend yield of 6.31%. Bloomin’ Brands’s dividend payout ratio (DPR) is presently -2,000.00%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BLMN shares. JPMorgan Chase & Co. reduced their target price on Bloomin’ Brands from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. The Goldman Sachs Group reduced their price target on Bloomin’ Brands from $13.00 to $10.00 and set a “sell” rating on the stock in a research note on Thursday, February 27th. Barclays lowered their price objective on Bloomin’ Brands from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Thursday, May 8th. Wall Street Zen upgraded shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Friday, March 7th. Finally, BMO Capital Markets decreased their price target on shares of Bloomin’ Brands from $16.00 to $12.00 and set a “market perform” rating for the company in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $13.75.

Bloomin’ Brands Company Profile

Bloomin’ Brands, Inc engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.