Bloomin’ Brands, Inc. $BLMN Position Boosted by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 58.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,445 shares of the restaurant operator’s stock after purchasing an additional 12,350 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Bloomin’ Brands were worth $288,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Millennium Management LLC lifted its position in shares of Bloomin’ Brands by 123.1% during the first quarter. Millennium Management LLC now owns 2,299,778 shares of the restaurant operator’s stock worth $16,489,000 after purchasing an additional 1,268,988 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Bloomin’ Brands by 12.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,596,638 shares of the restaurant operator’s stock worth $11,448,000 after buying an additional 182,223 shares during the last quarter. Nuveen LLC bought a new position in shares of Bloomin’ Brands in the 1st quarter worth about $7,890,000. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Bloomin’ Brands by 16.9% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,062,125 shares of the restaurant operator’s stock worth $7,615,000 after buying an additional 153,410 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Bloomin’ Brands by 4.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,048,497 shares of the restaurant operator’s stock worth $7,518,000 after buying an additional 43,329 shares during the last quarter.

Bloomin’ Brands Stock Performance

NASDAQ:BLMN opened at $7.54 on Thursday. Bloomin’ Brands, Inc. has a twelve month low of $6.09 and a twelve month high of $17.57. The company has a current ratio of 0.43, a quick ratio of 0.35 and a debt-to-equity ratio of 2.29. The company has a 50-day moving average of $7.22 and a 200-day moving average of $8.00. The firm has a market cap of $641.43 million, a price-to-earnings ratio of -150.80 and a beta of 1.27.

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

Bloomin’ Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 8.0%. The ex-dividend date was Tuesday, August 19th. Bloomin’ Brands’s dividend payout ratio (DPR) is presently -1,200.00%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BLMN. The Goldman Sachs Group reduced their price target on shares of Bloomin’ Brands from $8.00 to $6.50 and set a “sell” rating on the stock in a research report on Thursday, August 7th. Weiss Ratings restated a “sell (d+)” rating on shares of Bloomin’ Brands in a research report on Wednesday. BMO Capital Markets reduced their price target on shares of 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. Barclays reduced their price target on shares of Bloomin’ Brands from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Bloomin’ Brands from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Wednesday, June 25th. Seven investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $9.88.

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.