Hotchkis & Wiley Capital Management LLC Has $7.62 Million Holdings in Bloomin’ Brands, Inc. $BLMN

Hotchkis & Wiley Capital Management LLC increased its holdings in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 16.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,062,125 shares of the restaurant operator’s stock after acquiring an additional 153,410 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 1.25% of Bloomin’ Brands worth $7,615,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in Bloomin’ Brands by 12.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,596,638 shares of the restaurant operator’s stock worth $11,448,000 after purchasing an additional 182,223 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its holdings in shares of Bloomin’ Brands by 8,666.6% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 1,568,253 shares of the restaurant operator’s stock valued at $19,148,000 after acquiring an additional 1,550,364 shares in the last quarter. Nuveen LLC purchased a new position in shares of Bloomin’ Brands in the 1st quarter worth about $7,890,000. Invesco Ltd. boosted its holdings in shares of Bloomin’ Brands by 2.9% in the 1st quarter. Invesco Ltd. now owns 960,865 shares of the restaurant operator’s stock worth $6,889,000 after purchasing an additional 26,643 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Bloomin’ Brands by 5.8% in the 4th quarter. Northern Trust Corp now owns 840,099 shares of the restaurant operator’s stock worth $10,258,000 after purchasing an additional 46,422 shares in the last quarter.

Analyst Ratings Changes

Several research analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Bloomin’ Brands from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 25th. Barclays lowered their price target on Bloomin’ Brands from $9.00 to $7.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 6th. Morgan Stanley upped their price target on Bloomin’ Brands from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Monday, July 14th. The Goldman Sachs Group reduced their price target on Bloomin’ Brands from $8.00 to $6.50 and set a “sell” rating on the stock in a research note on Thursday, August 7th. Finally, UBS Group decreased their target price on shares of Bloomin’ Brands from $13.00 to $8.50 and set a “neutral” rating for the company in a research note on Monday, May 5th. Seven analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Bloomin’ Brands has an average rating of “Reduce” and an average target price of $9.88.

Bloomin’ Brands Stock Performance

Shares of BLMN stock opened at $7.36 on Monday. The company has a 50 day moving average price of $8.81 and a 200-day moving average price of $8.62. Bloomin’ Brands, Inc. has a 52 week low of $6.09 and a 52 week high of $18.72. The firm has a market capitalization of $626.12 million, a PE ratio of -147.20 and a beta of 1.32. The company has a quick ratio of 0.35, a current ratio of 0.43 and a debt-to-equity ratio of 2.29.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings results on Wednesday, August 6th. The restaurant operator reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. Bloomin’ Brands had a negative net margin of 0.12% and a positive return on equity of 44.03%. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $974.69 million. During the same period in the previous year, the business posted $0.51 earnings per share. The business’s revenue for the quarter was up .3% on a year-over-year basis. As a group, equities research analysts expect that Bloomin’ Brands, Inc. will post 1.8 earnings per share for the current year.

Bloomin’ Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 19th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 8.2%. The ex-dividend date is Tuesday, August 19th. Bloomin’ Brands’s dividend payout ratio is -1,200.00%.

Bloomin’ Brands Profile

Bloomin’ Brands, Inc engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.