Factorial Partners LLC Has $992,000 Holdings in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Factorial Partners LLC boosted its holdings in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 67.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,000 shares of the restaurant operator’s stock after purchasing an additional 24,100 shares during the period. Factorial Partners LLC’s holdings in Bloomin’ Brands were worth $992,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of BLMN. ProShare Advisors LLC increased its position in Bloomin’ Brands by 7.4% in the first quarter. ProShare Advisors LLC now owns 17,657 shares of the restaurant operator’s stock worth $506,000 after purchasing an additional 1,216 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Bloomin’ Brands by 8.5% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 46,490 shares of the restaurant operator’s stock worth $1,343,000 after buying an additional 3,634 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in Bloomin’ Brands by 29.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 17,036 shares of the restaurant operator’s stock valued at $489,000 after buying an additional 3,903 shares during the period. UniSuper Management Pty Ltd bought a new position in Bloomin’ Brands in the first quarter valued at approximately $642,000. Finally, Natixis acquired a new stake in Bloomin’ Brands during the 1st quarter worth $562,000.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Raymond James cut Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th. UBS Group lowered their price target on Bloomin’ Brands from $26.00 to $18.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. StockNews.com raised Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Barclays cut their price target on shares of Bloomin’ Brands from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Finally, Bank of America dropped their price objective 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $19.70.

Bloomin’ Brands Price Performance

NASDAQ:BLMN opened at $12.56 on Wednesday. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 4.46. Bloomin’ Brands, Inc. has a 12-month low of $12.38 and a 12-month high of $30.13. The stock’s 50 day moving average price is $15.98 and its two-hundred day moving average price is $18.23. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of -114.17 and a beta of 2.04.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings results on Friday, November 8th. The restaurant operator reported $0.21 earnings per share 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 firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the firm earned $0.44 EPS. The business’s revenue was down 5.1% on a year-over-year basis. On average, analysts anticipate that Bloomin’ Brands, Inc. will post 1.8 earnings per share for the current year.

Bloomin’ Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Monday, November 25th will be issued a dividend of $0.24 per share. The ex-dividend date is Monday, November 25th. This represents a $0.96 annualized dividend and a dividend yield of 7.64%. Bloomin’ Brands’s dividend payout ratio is presently -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.