Investors Research Corp purchased a new position in shares of Bloomin' Brands Inc (NASDAQ:BLMN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,750 shares of the restaurant operator’s stock, valued at approximately $208,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Jana Partners LLC purchased a new position in Bloomin' Brands during the third quarter valued at $73,480,000. Earnest Partners LLC lifted its holdings in Bloomin' Brands by 1.7% during the third quarter. Earnest Partners LLC now owns 4,023,699 shares of the restaurant operator’s stock valued at $70,817,000 after purchasing an additional 68,511 shares in the last quarter. LSV Asset Management lifted its holdings in Bloomin' Brands by 15.9% during the fourth quarter. LSV Asset Management now owns 3,517,296 shares of the restaurant operator’s stock valued at $75,059,000 after purchasing an additional 482,900 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Bloomin' Brands by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 2,960,065 shares of the restaurant operator’s stock valued at $52,097,000 after purchasing an additional 23,110 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its position in shares of Bloomin' Brands by 0.3% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,277,021 shares of the restaurant operator’s stock valued at $48,592,000 after buying an additional 6,128 shares during the last quarter. 98.85% of the stock is currently owned by institutional investors and hedge funds.
In other Bloomin' Brands news, Chairman Elizabeth A. Smith sold 375,000 shares of Bloomin' Brands stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $20.79, for a total transaction of $7,796,250.00. Following the completion of the sale, the chairman now directly owns 206,235 shares in the company, valued at $4,287,625.65. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David Peter Schmidt sold 3,500 shares of Bloomin' Brands stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $22.50, for a total transaction of $78,750.00. Following the sale, the executive vice president now owns 7,916 shares of the company’s stock, valued at $178,110. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 859,205 shares of company stock valued at $19,249,336. Company insiders own 7.47% of the company’s stock.
A number of equities research analysts have recently commented on BLMN shares. Zacks Investment Research upgraded shares of Bloomin' Brands from a “sell” rating to a “hold” rating in a research report on Thursday, January 18th. Bank of America cut shares of Bloomin' Brands from a “buy” rating to a “neutral” rating and set a $21.00 target price for the company. in a research report on Wednesday, November 22nd. Raymond James Financial cut shares of Bloomin' Brands from an “outperform” rating to a “market perform” rating and set a $24.00 target price for the company. in a research report on Wednesday, December 6th. Goldman Sachs Group reiterated a “sell” rating on shares of Bloomin' Brands in a research report on Friday, January 19th. Finally, BMO Capital Markets set a $27.00 target price on shares of Bloomin' Brands and gave the company a “buy” rating in a research report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. Bloomin' Brands currently has a consensus rating of “Hold” and an average price target of $22.78.
Bloomin' Brands Inc (BLMN) traded down $0.56 during trading on Wednesday, reaching $23.62. 888,779 shares of the company traded hands, compared to its average volume of 1,044,532. Bloomin' Brands Inc has a 52-week low of $16.11 and a 52-week high of $24.64. The firm has a market capitalization of $2,256.41, a PE ratio of 24.34, a P/E/G ratio of 1.75 and a beta of 0.44. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 22.07.
Bloomin' Brands (NASDAQ:BLMN) last released its quarterly earnings data on Thursday, February 22nd. The restaurant operator reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. Bloomin' Brands had a net margin of 2.38% and a return on equity of 133.73%. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the business earned $0.31 earnings per share. Bloomin' Brands’s revenue was up 8.3% compared to the same quarter last year. research analysts anticipate that Bloomin' Brands Inc will post 1.42 earnings per share for the current fiscal year.
Bloomin' Brands announced that its Board of Directors has authorized a share repurchase plan on Thursday, February 22nd that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the restaurant operator to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Monday, March 5th will be given a dividend of $0.09 per share. This is a boost from Bloomin' Brands’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Friday, March 2nd. Bloomin' Brands’s dividend payout ratio (DPR) is presently 36.73%.
Bloomin' Brands Company Profile
Bloomin’ Brands, Inc is a holding company. The Company owns and operates casual, upscale casual and fine dining restaurants. The Company operates through two segments: U.S. and International. The U.S. segment includes all brands operating in the United States. The International segment includes brands operating outside the United States.
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