Bloomin’ Brands, Inc. (BLMN) Holdings Lifted by Stifel Financial Corp
Stifel Financial Corp grew its position in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 0.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,997 shares of the restaurant operator’s stock after buying an additional 126 shares during the quarter. Stifel Financial Corp’s holdings in Bloomin’ Brands were worth $297,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the business. Numeric Investors LLC acquired a new position in shares of Bloomin’ Brands in the second quarter worth about $4,573,000. Voya Investment Management LLC boosted its holdings in shares of Bloomin’ Brands by 9.6% in the second quarter. Voya Investment Management LLC now owns 47,376 shares of the restaurant operator’s stock worth $1,006,000 after buying an additional 4,164 shares during the period. OxFORD Asset Management LLP boosted its holdings in shares of Bloomin’ Brands by 72.9% in the second quarter. OxFORD Asset Management LLP now owns 143,093 shares of the restaurant operator’s stock worth $3,038,000 after buying an additional 60,349 shares during the period. Virtu KCG Holdings LLC acquired a new position in shares of Bloomin’ Brands in the second quarter worth about $386,000. Finally, GSA Capital Partners LLP boosted its holdings in shares of Bloomin’ Brands by 168.0% in the second quarter. GSA Capital Partners LLP now owns 48,473 shares of the restaurant operator’s stock worth $1,029,000 after buying an additional 30,384 shares during the period.
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Shares of Bloomin’ Brands, Inc. (BLMN) opened at $17.30 on Friday. The firm has a market capitalization of $1.62 billion, a P/E ratio of 13.01, a P/E/G ratio of 1.01 and a beta of 0.54. The company has a debt-to-equity ratio of 10.69, a quick ratio of 0.28 and a current ratio of 0.35.
Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings data on Friday, November 3rd. The restaurant operator reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.04). The firm had revenue of $948.90 million for the quarter, compared to analysts’ expectations of $944.30 million. Bloomin’ Brands had a net margin of 2.29% and a return on equity of 74.68%. The business’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 EPS. equities research analysts forecast that Bloomin’ Brands, Inc. will post 1.39 EPS for the current fiscal year.
The company also recently disclosed a dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, November 13th will be paid a dividend of $0.08 per share. This is an increase from Bloomin’ Brands’s previous dividend of $0.06. The ex-dividend date is Friday, November 10th. Bloomin’ Brands’s dividend payout ratio is presently 35.56%.
Several brokerages have commented on BLMN. Barclays PLC decreased their target price on shares of Bloomin’ Brands from $23.00 to $22.00 and set an “overweight” rating for the company in a report on Wednesday, October 18th. Jefferies Group LLC reiterated a “hold” rating and issued a $19.00 target price on shares of Bloomin’ Brands in a report on Thursday, October 12th. Zacks Investment Research cut shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. ValuEngine cut shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, BidaskClub cut shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. Bloomin’ Brands currently has a consensus rating of “Hold” and a consensus price target of $20.78.
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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