Nuveen LLC Buys New Position in Bloomin’ Brands, Inc. $BLMN

Nuveen LLC bought a new stake in Bloomin’ Brands, Inc. (NASDAQ:BLMN) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,100,360 shares of the restaurant operator’s stock, valued at approximately $7,890,000. Nuveen LLC owned about 1.30% of Bloomin’ Brands as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of BLMN. Schonfeld Strategic Advisors LLC raised its position in Bloomin’ Brands by 8,666.6% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 1,568,253 shares of the restaurant operator’s stock valued at $19,148,000 after buying an additional 1,550,364 shares during the last quarter. Fund 1 Investments LLC acquired a new stake in Bloomin’ Brands in the 4th quarter valued at approximately $7,839,000. Carolina Wealth Advisors LLC acquired a new stake in Bloomin’ Brands in the 1st quarter valued at approximately $3,812,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Bloomin’ Brands in the 4th quarter valued at approximately $3,519,000. Finally, Two Sigma Investments LP raised its position in Bloomin’ Brands by 160.9% in the 4th quarter. Two Sigma Investments LP now owns 401,697 shares of the restaurant operator’s stock valued at $4,905,000 after buying an additional 247,702 shares during the last quarter.

Bloomin’ Brands Stock Up 5.7%

NASDAQ:BLMN opened at $7.36 on Monday. The firm has a market capitalization of $626.12 million, a price-to-earnings ratio of -147.20 and a beta of 1.32. Bloomin’ Brands, Inc. has a twelve month low of $6.09 and a twelve month high of $18.72. The stock’s 50 day moving average price is $8.81 and its two-hundred day moving average price is $8.62. The company has a quick ratio of 0.35, a current ratio of 0.43 and a debt-to-equity ratio of 2.29.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings results on Wednesday, August 6th. The restaurant operator reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.05. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $974.69 million. Bloomin’ Brands had a positive return on equity of 44.03% and a negative net margin of 0.12%.The business’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 EPS. Equities research analysts expect that Bloomin’ Brands, Inc. will post 1.8 earnings per share for the current fiscal year.

Bloomin’ Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Tuesday, August 19th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.2%. Bloomin’ Brands’s payout ratio is presently -1,200.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group dropped their target price on Bloomin’ Brands from $8.00 to $6.50 and set a “sell” rating on the stock in a research report on Thursday, August 7th. BMO Capital Markets lowered their price target on Bloomin’ Brands from $10.00 to $8.00 and set a “market perform” rating on the stock in a research report on Thursday, August 7th. UBS Group lowered their price target on Bloomin’ Brands from $13.00 to $8.50 and set a “neutral” rating on the stock in a research report on Monday, May 5th. Morgan Stanley boosted their price target on Bloomin’ Brands from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Monday, July 14th. Finally, JPMorgan Chase & Co. boosted their price target on Bloomin’ Brands from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 25th. Seven investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Bloomin’ Brands presently has an average rating of “Reduce” and an average target price of $9.88.

About Bloomin’ Brands

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.