Gladius Capital Management LP Purchases Shares of 1,545 Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Gladius Capital Management LP purchased a new stake in Bloomin’ Brands, Inc. (NASDAQ:BLMN) in the 3rd quarter, HoldingsChannel reports. The fund purchased 1,545 shares of the restaurant operator’s stock, valued at approximately $26,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in shares of Bloomin’ Brands by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,553,719 shares of the restaurant operator’s stock worth $49,105,000 after acquiring an additional 16,878 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Bloomin’ Brands by 6.2% during the third quarter. Principal Financial Group Inc. now owns 2,529,130 shares of the restaurant operator’s stock worth $41,806,000 after acquiring an additional 147,895 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Bloomin’ Brands by 29.6% during the second quarter. Victory Capital Management Inc. now owns 2,492,119 shares of the restaurant operator’s stock worth $47,923,000 after acquiring an additional 569,855 shares in the last quarter. Deprince Race & Zollo Inc. bought a new stake in shares of Bloomin’ Brands during the second quarter worth about $28,672,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Bloomin’ Brands by 3.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,125,008 shares of the restaurant operator’s stock worth $32,267,000 after acquiring an additional 41,128 shares in the last quarter.

Wall Street Analysts Forecast Growth

BLMN has been the subject of several recent research reports. Piper Sandler decreased their target price on shares of Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, November 11th. StockNews.com raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Citigroup cut their price target on shares of Bloomin’ Brands from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, August 19th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Bloomin’ Brands from $26.00 to $19.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Finally, Bank of America cut their price target on shares of Bloomin’ Brands from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $19.70.

Bloomin’ Brands Stock Down 1.7 %

BLMN opened at $13.20 on Monday. The company has a quick ratio of 0.26, a current ratio of 0.31 and a debt-to-equity ratio of 4.46. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -120.00 and a beta of 2.04. Bloomin’ Brands, Inc. has a twelve month low of $13.07 and a twelve month high of $30.13. The company’s 50-day moving average price is $16.05 and its two-hundred day moving average price is $18.36.

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

Bloomin’ Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Monday, November 25th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.27%. The ex-dividend date is Monday, November 25th. Bloomin’ Brands’s payout ratio is currently -872.73%.

About Bloomin’ Brands

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.