Stifel Financial Corp Increases Position in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Stifel Financial Corp grew its holdings in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 22.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,186 shares of the restaurant operator’s stock after purchasing an additional 3,574 shares during the quarter. Stifel Financial Corp’s holdings in Bloomin’ Brands were worth $317,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BLMN. Dimensional Fund Advisors LP grew its holdings in Bloomin’ Brands by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,553,719 shares of the restaurant operator’s stock worth $49,105,000 after acquiring an additional 16,878 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Bloomin’ Brands by 6.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,529,130 shares of the restaurant operator’s stock worth $41,806,000 after purchasing an additional 147,895 shares during the last quarter. Erste Asset Management GmbH acquired a new position in shares of Bloomin’ Brands during the third quarter worth $41,325,000. Victory Capital Management Inc. increased its holdings in Bloomin’ Brands by 29.6% in the second quarter. Victory Capital Management Inc. now owns 2,492,119 shares of the restaurant operator’s stock valued at $47,923,000 after buying an additional 569,855 shares during the last quarter. Finally, Deprince Race & Zollo Inc. acquired a new stake in Bloomin’ Brands in the second quarter valued at $28,672,000.

Bloomin’ Brands Stock Performance

NASDAQ BLMN opened at $12.27 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 4.46. Bloomin’ Brands, Inc. has a fifty-two week low of $11.24 and a fifty-two week high of $30.13. The business has a fifty day moving average of $13.89 and a 200-day moving average of $16.36. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of -111.54 and a beta of 1.95.

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

Bloomin’ Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Monday, November 25th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.82%. The ex-dividend date of this dividend was Monday, November 25th. Bloomin’ Brands’s dividend payout ratio is presently -872.73%.

Wall Street Analyst Weigh In

BLMN has been the topic of a number of recent analyst reports. Bank of America dropped their price objective on Bloomin’ Brands from $22.00 to $19.00 and set a “neutral” rating on the stock in a 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. Raymond James downgraded shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. StockNews.com raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, Piper Sandler reduced their price target 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. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, Bloomin’ Brands has an average rating of “Hold” and an average price target of $19.09.

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.