Choreo LLC Invests $307,000 in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Choreo LLC purchased a new stake in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,887 shares of the restaurant operator’s stock, valued at approximately $307,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in shares of Bloomin’ Brands in the 1st quarter valued at about $30,000. TFO Wealth Partners LLC grew its holdings in Bloomin’ Brands by 284,000.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,841 shares of the restaurant operator’s stock worth $80,000 after acquiring an additional 2,840 shares during the period. EntryPoint Capital LLC raised its position in shares of Bloomin’ Brands by 6,454.9% during the 1st quarter. EntryPoint Capital LLC now owns 3,343 shares of the restaurant operator’s stock valued at $96,000 after acquiring an additional 3,292 shares during the last quarter. AdvisorShares Investments LLC lifted its stake in shares of Bloomin’ Brands by 21.9% in the 4th quarter. AdvisorShares Investments LLC now owns 5,014 shares of the restaurant operator’s stock valued at $141,000 after purchasing an additional 900 shares during the period. Finally, Assetmark Inc. boosted its position in shares of Bloomin’ Brands by 32.0% in the 4th quarter. Assetmark Inc. now owns 5,314 shares of the restaurant operator’s stock worth $150,000 after purchasing an additional 1,288 shares during the last quarter.

Analyst Ratings Changes

BLMN has been the subject of a number of recent analyst reports. Barclays dropped their price objective on Bloomin’ Brands from $30.00 to $22.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. BMO Capital Markets cut their price target on shares of Bloomin’ Brands from $27.00 to $20.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 7th. Citigroup decreased 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. StockNews.com lowered shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Bloomin’ Brands from $26.00 to $19.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $22.33.

Bloomin’ Brands Stock Up 2.6 %

Shares of BLMN stock opened at $17.54 on Wednesday. The firm’s fifty day moving average price is $17.82 and its two-hundred day moving average price is $21.89. Bloomin’ Brands, Inc. has a 1 year low of $15.20 and a 1 year high of $30.13. The company has a current ratio of 0.35, a quick ratio of 0.26 and a debt-to-equity ratio of 3.46. The firm has a market capitalization of $1.52 billion, a P/E ratio of 27.41 and a beta of 2.05.

Bloomin’ Brands (NASDAQ:BLMN) last released its earnings results on Tuesday, August 6th. The restaurant operator reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.07). The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. Bloomin’ Brands had a return on equity of 61.90% and a net margin of 0.70%. The business’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.74 EPS. On average, equities analysts predict that Bloomin’ Brands, Inc. will post 2.08 EPS for the current fiscal year.

Bloomin’ Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 20th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.47%. The ex-dividend date was Tuesday, August 20th. Bloomin’ Brands’s dividend payout ratio (DPR) is currently 150.00%.

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.