American Century Companies Inc. Has $12.11 Million Position in Bloomin’ Brands, Inc. $BLMN

American Century Companies Inc. reduced its holdings in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 5.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,688,334 shares of the restaurant operator’s stock after selling 103,032 shares during the quarter. American Century Companies Inc. owned about 1.99% of Bloomin’ Brands worth $12,105,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in BLMN. Schonfeld Strategic Advisors LLC increased 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 worth $19,148,000 after buying an additional 1,550,364 shares during the period. Nuveen LLC acquired a new stake in shares of Bloomin’ Brands in the first quarter worth $7,890,000. Fund 1 Investments LLC bought a new position in Bloomin’ Brands during the fourth quarter worth $7,839,000. Carolina Wealth Advisors LLC bought a new position in Bloomin’ Brands during the first quarter worth $3,812,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Bloomin’ Brands during the 4th quarter valued at $3,519,000.

Wall Street Analyst Weigh In

Several analysts have issued reports on BLMN shares. JPMorgan Chase & Co. raised their price target on shares of Bloomin’ Brands from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 25th. Morgan Stanley increased their target price on shares of Bloomin’ Brands from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Monday, July 14th. UBS Group decreased their target price 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. Barclays lowered their price target on Bloomin’ Brands from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 6th. Finally, BMO Capital Markets cut their price target on Bloomin’ Brands from $10.00 to $8.00 and set a “market perform” rating for the company in a report on Thursday, August 7th. Seven investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $9.88.

Bloomin’ Brands Price Performance

Shares of Bloomin’ Brands stock opened at $7.15 on Tuesday. The firm has a market cap of $608.25 million, a P/E ratio of -143.00 and a beta of 1.32. The firm’s 50-day simple moving average is $8.77 and its 200-day simple moving average is $8.59. Bloomin’ Brands, Inc. has a twelve month low of $6.09 and a twelve month high of $18.33. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.35 and a current ratio of 0.43.

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

Bloomin’ Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 8.4%. The ex-dividend date is Tuesday, August 19th. Bloomin’ Brands’s dividend payout ratio is -1,200.00%.

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.