Quantum Private Wealth LLC Raises Holdings in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Quantum Private Wealth LLC boosted its holdings in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 29.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,610 shares of the restaurant operator’s stock after buying an additional 3,110 shares during the quarter. Quantum Private Wealth LLC’s holdings in Bloomin’ Brands were worth $383,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BLMN. Advisors Asset Management Inc. acquired a new stake in Bloomin’ Brands in the third quarter valued at approximately $28,000. EverSource Wealth Advisors LLC boosted its stake in Bloomin’ Brands by 683.2% in the third quarter. EverSource Wealth Advisors LLC now owns 1,261 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 1,100 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Bloomin’ Brands in the third quarter valued at approximately $32,000. Money Concepts Capital Corp acquired a new stake in Bloomin’ Brands in the fourth quarter valued at approximately $32,000. Finally, Rockefeller Capital Management L.P. boosted its stake in Bloomin’ Brands by 31.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,303 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 557 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. downgraded shares of Bloomin’ Brands from an “overweight” rating to a “neutral” rating and set a $26.00 price objective for the company. in a research note on Tuesday, January 23rd. Raymond James boosted their price objective on shares of Bloomin’ Brands from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, January 3rd. BMO Capital Markets boosted their price objective on shares of Bloomin’ Brands from $27.00 to $29.00 and gave the company a “market perform” rating in a report on Monday, February 26th. Citigroup upped their price target on shares of Bloomin’ Brands from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Finally, Barclays upped their price target on shares of Bloomin’ Brands from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, February 26th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Bloomin’ Brands currently has a consensus rating of “Hold” and an average target price of $27.90.

Bloomin’ Brands Price Performance

Shares of BLMN traded down $0.16 during mid-day trading on Wednesday, hitting $26.86. 303,985 shares of the company were exchanged, compared to its average volume of 1,286,630. Bloomin’ Brands, Inc. has a 1-year low of $22.03 and a 1-year high of $30.13. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.27 and a current ratio of 0.34. The company has a 50 day moving average of $27.73 and a 200-day moving average of $25.89. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 10.68 and a beta of 2.00.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings results on Friday, February 23rd. The restaurant operator reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.06. Bloomin’ Brands had a net margin of 5.30% and a return on equity of 73.67%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the firm earned $0.68 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Analysts expect that Bloomin’ Brands, Inc. will post 2.55 EPS for the current fiscal year.

Bloomin’ Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.96 annualized dividend and a dividend yield of 3.57%. Bloomin’ Brands’s dividend payout ratio (DPR) is presently 37.94%.

Bloomin’ Brands Profile

Bloomin' Brands, Inc, through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. The company operates through two segments, U.S. and International. Its restaurant portfolio has four concepts, including Outback Steakhouse, a casual steakhouse restaurant; Carrabba's Italian Grill, a casual Italian restaurant; Bonefish Grill; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.