Jennison Associates LLC grew its position in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 4.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,411,200 shares of the restaurant operator's stock after buying an additional 59,418 shares during the quarter. Jennison Associates LLC owned 1.66% of Bloomin' Brands worth $23,327,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in BLMN. Gladius Capital Management LP bought a new stake in shares of Bloomin' Brands during the 3rd quarter valued at approximately $26,000. EntryPoint Capital LLC increased its holdings in shares of Bloomin' Brands by 6,454.9% during the first quarter. EntryPoint Capital LLC now owns 3,343 shares of the restaurant operator's stock worth $96,000 after buying an additional 3,292 shares in the last quarter. KBC Group NV lifted its stake in shares of Bloomin' Brands by 79.1% in the 3rd quarter. KBC Group NV now owns 3,371 shares of the restaurant operator's stock valued at $56,000 after acquiring an additional 1,489 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Bloomin' Brands during the 2nd quarter valued at $111,000. Finally, Bayesian Capital Management LP acquired a new stake in shares of Bloomin' Brands during the 1st quarter valued at $219,000.
Several research firms have commented on BLMN. UBS Group dropped their target price on Bloomin' Brands from $26.00 to $18.00 and set a "neutral" rating for the company in a research report on Wednesday, August 7th. Citigroup dropped their price objective on shares of Bloomin' Brands from $22.00 to $20.00 and set a "neutral" rating for the company in a report on Monday, August 19th. Deutsche Bank Aktiengesellschaft reduced their target price 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. Piper Sandler dropped their price target on shares of Bloomin' Brands from $20.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, November 11th. Finally, StockNews.com raised shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a research note on Wednesday, November 6th. Ten analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $19.70.
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Shares of NASDAQ:BLMN opened at $13.19 on Friday. Bloomin' Brands, Inc. has a 1 year low of $12.26 and a 1 year high of $30.13. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.22. The business's 50-day moving average is $15.77 and its 200-day moving average is $18.06. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of -119.91 and a beta of 2.04.
Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.04 billion. Bloomin' Brands had a positive return on equity of 62.18% and a negative net margin of 0.12%. The company's revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 earnings per share. Equities research analysts predict that Bloomin' Brands, Inc. will post 1.8 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Monday, November 25th will be paid a dividend of $0.24 per share. The ex-dividend date is Monday, November 25th. This represents a $0.96 dividend on an annualized basis and a yield of 7.28%. Bloomin' Brands's dividend payout ratio (DPR) is presently -872.73%.
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.
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