Barclays PLC Acquires 49,723 Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Barclays PLC boosted its stake in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 29.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 219,080 shares of the restaurant operator’s stock after acquiring an additional 49,723 shares during the period. Barclays PLC owned 0.26% of Bloomin’ Brands worth $3,621,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. XTX Topco Ltd bought a new position in Bloomin’ Brands in the third quarter worth about $500,000. Stifel Financial Corp raised its position in shares of Bloomin’ Brands by 22.9% in the 3rd quarter. Stifel Financial Corp now owns 19,186 shares of the restaurant operator’s stock worth $317,000 after acquiring an additional 3,574 shares in the last quarter. Systematic Financial Management LP lifted its stake in shares of Bloomin’ Brands by 14.6% in the 3rd quarter. Systematic Financial Management LP now owns 624,500 shares of the restaurant operator’s stock valued at $10,323,000 after purchasing an additional 79,758 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Bloomin’ Brands by 58.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 691,585 shares of the restaurant operator’s stock valued at $11,432,000 after purchasing an additional 254,570 shares in the last quarter. Finally, Holocene Advisors LP purchased a new stake in Bloomin’ Brands in the third quarter worth $410,000.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Raymond James lowered Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. Bank of America lowered their price target on shares of Bloomin’ Brands from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. cut their price objective on shares of Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating on the stock in a report on Tuesday, November 12th. Piper Sandler lowered their target price on shares of Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, November 11th. Finally, The Goldman Sachs Group began coverage on Bloomin’ Brands in a research note on Thursday, December 5th. They issued a “sell” rating and a $13.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Bloomin’ Brands has a consensus rating of “Hold” and a consensus price target of $19.09.

Bloomin’ Brands Trading Up 0.3 %

Shares of NASDAQ:BLMN opened at $11.95 on Monday. Bloomin’ Brands, Inc. has a 1 year low of $11.78 and a 1 year high of $30.13. The stock’s fifty day moving average price is $14.33 and its 200-day moving average price is $16.61. The company has a market cap of $1.01 billion, a P/E ratio of -108.63 and a beta of 1.95. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.22.

Bloomin’ Brands (NASDAQ:BLMN) last posted its 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. Bloomin’ Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the business earned $0.44 EPS. The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. Sell-side analysts expect that Bloomin’ Brands, Inc. will post 1.8 earnings per share for the current year.

Bloomin’ Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Monday, November 25th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 8.03%. The ex-dividend date of this dividend was Monday, November 25th. Bloomin’ Brands’s dividend payout ratio (DPR) is presently -872.73%.

Bloomin’ Brands 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.