Dimensional Fund Advisors LP Raises Stock Holdings in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Dimensional Fund Advisors LP boosted its holdings in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 0.7% in the second quarter, HoldingsChannel reports. The firm owned 2,553,719 shares of the restaurant operator’s stock after purchasing an additional 16,878 shares during the period. Dimensional Fund Advisors LP’s holdings in Bloomin’ Brands were worth $49,105,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its holdings in Bloomin’ Brands by 6.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 92,733 shares of the restaurant operator’s stock worth $1,783,000 after buying an additional 5,752 shares during the last quarter. American Century Companies Inc. lifted its holdings in Bloomin’ Brands by 4.8% during the 2nd quarter. American Century Companies Inc. now owns 219,002 shares of the restaurant operator’s stock worth $4,211,000 after buying an additional 9,988 shares during the last quarter. Headlands Technologies LLC lifted its holdings in Bloomin’ Brands by 1,693.0% during the 2nd quarter. Headlands Technologies LLC now owns 18,862 shares of the restaurant operator’s stock worth $363,000 after buying an additional 17,810 shares during the last quarter. Choreo LLC bought a new position in Bloomin’ Brands during the 2nd quarter worth approximately $307,000. Finally, Foundry Partners LLC lifted its holdings in Bloomin’ Brands by 5.3% during the 2nd quarter. Foundry Partners LLC now owns 257,162 shares of the restaurant operator’s stock worth $4,945,000 after buying an additional 12,944 shares during the last quarter.

Bloomin’ Brands Stock Performance

BLMN opened at $16.80 on Monday. The firm has a market cap of $1.45 billion, a PE ratio of 26.25 and a beta of 2.05. 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 business has a fifty day simple moving average of $17.59 and a 200-day simple moving average of $21.25. Bloomin’ Brands, Inc. has a fifty-two week low of $15.20 and a fifty-two week high of $30.13.

Bloomin’ Brands (NASDAQ:BLMN) last issued its earnings results on Tuesday, August 6th. The restaurant operator reported $0.51 EPS for the quarter, missing the consensus estimate 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 return on equity of 61.90% and a net margin of 0.70%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the business earned $0.74 EPS. As a group, 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 disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Tuesday, August 20th were given a dividend of $0.24 per share. The ex-dividend date was Tuesday, August 20th. This represents a $0.96 dividend on an annualized basis and a yield of 5.71%. Bloomin’ Brands’s payout ratio is 150.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. BMO Capital Markets reduced their target price on Bloomin’ Brands from $27.00 to $20.00 and set a “market perform” rating on the stock in a report on Wednesday, August 7th. StockNews.com downgraded Bloomin’ Brands from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Deutsche Bank Aktiengesellschaft cut their price target on Bloomin’ Brands from $26.00 to $19.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Barclays cut their price target on Bloomin’ Brands from $30.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, August 7th. Finally, Citigroup cut their price target on Bloomin’ Brands from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, August 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Bloomin’ Brands has a consensus rating of “Hold” and an average 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.