Bloomin’ Brands, Inc. $BLMN Stock Position Lifted by Carolina Wealth Advisors LLC

Carolina Wealth Advisors LLC lifted its holdings in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 1.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 538,470 shares of the restaurant operator’s stock after purchasing an additional 6,824 shares during the quarter. Bloomin’ Brands accounts for approximately 2.3% of Carolina Wealth Advisors LLC’s holdings, making the stock its 18th largest position. Carolina Wealth Advisors LLC owned approximately 0.63% of Bloomin’ Brands worth $4,636,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new position in shares of Bloomin’ Brands in the fourth quarter worth $32,000. GAMMA Investing LLC lifted its holdings in shares of Bloomin’ Brands by 28.9% in the first quarter. GAMMA Investing LLC now owns 6,304 shares of the restaurant operator’s stock valued at $45,000 after buying an additional 1,414 shares during the period. US Bancorp DE lifted its holdings in shares of Bloomin’ Brands by 505.7% in the first quarter. US Bancorp DE now owns 6,239 shares of the restaurant operator’s stock valued at $45,000 after buying an additional 5,209 shares during the period. Headlands Technologies LLC lifted its holdings in shares of Bloomin’ Brands by 294.4% in the first quarter. Headlands Technologies LLC now owns 8,709 shares of the restaurant operator’s stock valued at $62,000 after buying an additional 6,501 shares during the period. Finally, CWM LLC lifted its holdings in shares of Bloomin’ Brands by 1,342.4% in the first quarter. CWM LLC now owns 10,602 shares of the restaurant operator’s stock valued at $76,000 after buying an additional 9,867 shares during the period.

Bloomin’ Brands Stock Performance

Shares of BLMN stock opened at $7.43 on Friday. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.43 and a quick ratio of 0.35. Bloomin’ Brands, Inc. has a fifty-two week low of $6.09 and a fifty-two week high of $17.57. The stock’s 50-day moving average is $7.34 and its two-hundred day moving average is $8.01. The firm has a market cap of $632.07 million, a P/E ratio of -148.60 and a beta of 1.27.

Bloomin’ Brands (NASDAQ:BLMN) last issued its earnings results on Wednesday, August 6th. The restaurant operator reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.05. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $974.69 million. Bloomin’ Brands had a positive return on equity of 44.03% and a negative net margin of 0.12%.The business’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 EPS. Analysts predict that Bloomin’ Brands, Inc. will post 1.8 earnings per share for the current fiscal year.

Bloomin’ Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 19th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.1%. Bloomin’ Brands’s dividend payout ratio is currently -1,200.00%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on Bloomin’ Brands from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Wednesday, June 25th. BMO Capital Markets cut their price objective on Bloomin’ Brands from $10.00 to $8.00 and set a “market perform” rating for the company in a report on Thursday, August 7th. Weiss Ratings restated a “sell (d+)” rating on shares of Bloomin’ Brands in a report on Saturday, September 27th. Morgan Stanley upped their price objective on Bloomin’ Brands from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Monday, July 14th. Finally, The Goldman Sachs Group reduced their target price on Bloomin’ Brands from $8.00 to $6.50 and set a “sell” rating for the company in a report on Thursday, August 7th. Seven equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $9.88.

Bloomin’ Brands Company 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.