Goldstone Financial Group LLC Buys New Stake in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Goldstone Financial Group LLC purchased a new position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,459 shares of the restaurant operator’s stock, valued at approximately $286,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Gladius Capital Management LP purchased a new position in shares of Bloomin’ Brands in the third quarter valued at approximately $26,000. KBC Group NV lifted its holdings in Bloomin’ Brands by 79.1% during the 3rd quarter. KBC Group NV now owns 3,371 shares of the restaurant operator’s stock worth $56,000 after buying an additional 1,489 shares in the last quarter. GAMMA Investing LLC boosted its position in Bloomin’ Brands by 606.6% in the 4th quarter. GAMMA Investing LLC now owns 4,890 shares of the restaurant operator’s stock valued at $60,000 after buying an additional 4,198 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Bloomin’ Brands in the second quarter worth $111,000. Finally, Point72 DIFC Ltd purchased a new stake in shares of Bloomin’ Brands during the second quarter worth $169,000.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Piper Sandler decreased their target price on Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, November 11th. JPMorgan Chase & Co. lowered their price objective on Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. StockNews.com raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. The Goldman Sachs Group began coverage on shares of Bloomin’ Brands in a report on Thursday, December 5th. They set a “sell” rating and a $13.00 price target for the company. Finally, Barclays restated an “equal weight” rating and issued a $13.00 price objective (down from $19.00) on shares of Bloomin’ Brands in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. According to MarketBeat.com, Bloomin’ Brands has an average rating of “Hold” and an average target price of $16.90.

Bloomin’ Brands Trading Down 1.7 %

Shares of Bloomin’ Brands stock opened at $11.29 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 4.46. The company has a fifty day simple moving average of $12.57 and a 200-day simple moving average of $15.62. The stock has a market cap of $957.84 million, a price-to-earnings ratio of -102.63 and a beta of 1.97. Bloomin’ Brands, Inc. has a 12-month low of $11.03 and a 12-month high of $30.13.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings data on Friday, November 8th. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. Bloomin’ Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm posted $0.44 earnings per share. Bloomin’ Brands’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, equities analysts forecast that Bloomin’ Brands, Inc. will post 1.8 EPS for the current fiscal year.

Bloomin’ Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Monday, November 25th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 8.50%. The ex-dividend date of this dividend was Monday, November 25th. Bloomin’ Brands’s dividend payout ratio (DPR) is -872.65%.

Bloomin’ Brands Company 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.