Kestrel Investment Management Corp decreased its holdings in shares of Bloomin' Brands Inc (NASDAQ:BLMN) by 3.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 438,825 shares of the restaurant operator’s stock after selling 17,200 shares during the quarter. Bloomin' Brands makes up about 3.3% of Kestrel Investment Management Corp’s portfolio, making the stock its 10th largest position. Kestrel Investment Management Corp’s holdings in Bloomin' Brands were worth $9,365,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the stock. Jana Partners LLC bought a new stake in Bloomin' Brands during the 3rd quarter valued at approximately $73,480,000. Earnest Partners LLC boosted its stake in Bloomin' Brands by 1.7% during the 3rd quarter. Earnest Partners LLC now owns 4,023,699 shares of the restaurant operator’s stock valued at $70,817,000 after purchasing an additional 68,511 shares during the period. LSV Asset Management raised its holdings in Bloomin' Brands by 15.9% in the 4th quarter. LSV Asset Management now owns 3,517,296 shares of the restaurant operator’s stock valued at $75,059,000 after acquiring an additional 482,900 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Bloomin' Brands by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,960,065 shares of the restaurant operator’s stock valued at $52,097,000 after acquiring an additional 23,110 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in Bloomin' Brands by 0.3% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,277,021 shares of the restaurant operator’s stock valued at $48,592,000 after acquiring an additional 6,128 shares in the last quarter. Hedge funds and other institutional investors own 94.61% of the company’s stock.
Several equities analysts have commented on the company. TheStreet raised Bloomin' Brands from a “c” rating to a “b-” rating in a report on Friday, February 23rd. Barclays upped their price target on Bloomin' Brands from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. BMO Capital Markets set a $27.00 price target on Bloomin' Brands and gave the company a “buy” rating in a report on Friday, February 23rd. BidaskClub raised Bloomin' Brands from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Finally, ValuEngine raised Bloomin' Brands from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $22.78.
Bloomin' Brands Inc (BLMN) opened at $23.46 on Wednesday. Bloomin' Brands Inc has a twelve month low of $16.11 and a twelve month high of $24.43. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 31.17. The stock has a market capitalization of $2,140.00, a P/E ratio of 23.94, a PEG ratio of 1.72 and a beta of 0.50.
Bloomin' Brands (NASDAQ:BLMN) last issued its earnings results on Thursday, February 22nd. The restaurant operator reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. Bloomin' Brands had a return on equity of 114.19% and a net margin of 2.38%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the firm posted $0.31 EPS. Bloomin' Brands’s quarterly revenue was up 8.3% compared to the same quarter last year. research analysts predict that Bloomin' Brands Inc will post 1.42 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Monday, March 5th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, March 2nd. This is a boost from Bloomin' Brands’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.53%. Bloomin' Brands’s dividend payout ratio is presently 32.65%.
Bloomin' Brands announced that its board has approved a share buyback program on Thursday, February 22nd that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the restaurant operator to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
About Bloomin' Brands
Bloomin’ Brands, Inc is a holding company. The Company owns and operates casual, upscale casual and fine dining restaurants. The Company operates through two segments: U.S. and International. The U.S. segment includes all brands operating in the United States. The International segment includes brands operating outside the United States.
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