FORA Capital LLC Invests $233,000 in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

FORA Capital LLC acquired a new position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) in the third quarter, Holdings Channel reports. The fund acquired 14,125 shares of the restaurant operator’s stock, valued at approximately $233,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BLMN. Price T Rowe Associates Inc. MD lifted its holdings in shares of Bloomin’ Brands by 3.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,125,008 shares of the restaurant operator’s stock worth $32,267,000 after acquiring an additional 41,128 shares during the period. Bayesian Capital Management LP bought a new position in shares of Bloomin’ Brands during the 1st quarter worth about $219,000. Cetera Advisors LLC bought a new position in shares of Bloomin’ Brands during the 1st quarter worth about $867,000. Boston Partners lifted its holdings in shares of Bloomin’ Brands by 1.4% during the 1st quarter. Boston Partners now owns 779,972 shares of the restaurant operator’s stock worth $22,199,000 after acquiring an additional 11,009 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of Bloomin’ Brands by 219.2% during the 2nd quarter. SG Americas Securities LLC now owns 165,705 shares of the restaurant operator’s stock worth $3,187,000 after acquiring an additional 113,798 shares during the period.

Bloomin’ Brands Trading Down 2.2 %

BLMN opened at $13.94 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 4.46. The stock has a market capitalization of $1.18 billion, a PE ratio of -126.72 and a beta of 2.04. Bloomin’ Brands, Inc. has a 1-year low of $12.26 and a 1-year high of $30.13. The firm has a 50-day moving average price of $15.40 and a two-hundred day moving average price of $17.65.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings data on Friday, November 8th. The restaurant operator reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.02. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Bloomin’ Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.44 EPS. As a group, equities analysts anticipate that Bloomin’ Brands, Inc. will post 1.8 earnings per share for the current fiscal year.

Bloomin’ Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Monday, November 25th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 6.89%. The ex-dividend date is Monday, November 25th. Bloomin’ Brands’s dividend payout ratio is -872.65%.

Analysts Set New Price Targets

BLMN has been the subject of a number of recent analyst reports. Raymond James cut shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. Piper Sandler dropped their target price on shares of Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, November 11th. Citigroup dropped their target price on shares of Bloomin’ Brands from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Monday, August 19th. Barclays dropped their target price on shares of Bloomin’ Brands from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Bloomin’ Brands from $26.00 to $19.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $19.70.

About Bloomin’ Brands

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.