Lighthouse Investment Partners LLC Makes New Investment in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Lighthouse Investment Partners LLC purchased a new stake in Bloomin’ Brands, Inc. (NASDAQ:BLMN) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 100,000 shares of the restaurant operator’s stock, valued at approximately $1,923,000. Lighthouse Investment Partners LLC owned 0.12% of Bloomin’ Brands as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in BLMN. Headlands Technologies LLC bought a new stake in Bloomin’ Brands in the 1st quarter valued at $30,000. TFO Wealth Partners LLC lifted its stake in Bloomin’ Brands by 284,000.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,841 shares of the restaurant operator’s stock valued at $80,000 after purchasing an additional 2,840 shares during the last quarter. EntryPoint Capital LLC grew its holdings in 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 purchasing an additional 3,292 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Bloomin’ Brands during the second quarter worth approximately $111,000. Finally, AdvisorShares Investments LLC raised its stake in Bloomin’ Brands by 21.9% in the fourth quarter. AdvisorShares Investments LLC now owns 5,014 shares of the restaurant operator’s stock valued at $141,000 after buying an additional 900 shares during the period.

Bloomin’ Brands Price Performance

Shares of Bloomin’ Brands stock opened at $16.80 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.35 and a debt-to-equity ratio of 3.46. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 26.25 and a beta of 2.05. Bloomin’ Brands, Inc. has a twelve month low of $15.20 and a twelve month high of $30.13. The company has a 50-day simple moving average of $17.59 and a two-hundred day simple moving average of $21.30.

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

Bloomin’ Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 20th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.71%. Bloomin’ Brands’s payout ratio is 150.00%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. StockNews.com downgraded Bloomin’ Brands from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. UBS Group reduced their price objective on shares of Bloomin’ Brands from $26.00 to $18.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Barclays dropped their price objective on shares of Bloomin’ Brands from $30.00 to $22.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft reduced their target price 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. Finally, BMO Capital Markets lowered 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 report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $22.33.

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.