Hsbc Holdings PLC Grows Position in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Hsbc Holdings PLC raised its position in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 8.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,567 shares of the restaurant operator’s stock after purchasing an additional 1,083 shares during the quarter. Hsbc Holdings PLC’s holdings in Bloomin’ Brands were worth $258,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BLMN. Edgestream Partners L.P. bought a new position in shares of Bloomin’ Brands during the second quarter valued at approximately $711,000. Dimensional Fund Advisors LP boosted 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 valued at $49,105,000 after acquiring an additional 16,878 shares during the period. Envestnet Asset Management Inc. grew its position in Bloomin’ Brands by 6.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 92,733 shares of the restaurant operator’s stock valued at $1,783,000 after acquiring an additional 5,752 shares during the last quarter. American Century Companies Inc. increased its stake in Bloomin’ Brands by 4.8% in the second quarter. American Century Companies Inc. now owns 219,002 shares of the restaurant operator’s stock worth $4,211,000 after purchasing an additional 9,988 shares during the period. Finally, Headlands Technologies LLC lifted its position in shares of Bloomin’ Brands by 1,693.0% during the second quarter. Headlands Technologies LLC now owns 18,862 shares of the restaurant operator’s stock worth $363,000 after purchasing an additional 17,810 shares during the last quarter.

Bloomin’ Brands Stock Performance

Shares of NASDAQ:BLMN opened at $16.52 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.35 and a debt-to-equity ratio of 3.46. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 25.81 and a beta of 2.04. The firm has a 50 day moving average of $17.27 and a 200 day moving average of $20.88. Bloomin’ Brands, Inc. has a 52 week low of $15.20 and a 52 week high of $30.13.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.07). Bloomin’ Brands had a return on equity of 61.90% and a net margin of 0.70%. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter last year, the company earned $0.74 earnings per share. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, sell-side analysts predict that Bloomin’ Brands, Inc. will post 2.08 earnings per share for the current fiscal year.

Bloomin’ Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Tuesday, August 20th were given a dividend of $0.24 per share. The ex-dividend date was Tuesday, August 20th. This represents a $0.96 dividend on an annualized basis and a yield of 5.81%. Bloomin’ Brands’s payout ratio is 150.00%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BLMN shares. Citigroup cut their price target on shares of Bloomin’ Brands from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, August 19th. Barclays reduced their target price on shares of Bloomin’ Brands from $30.00 to $22.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. BMO Capital Markets decreased their price target on shares of Bloomin’ Brands from $27.00 to $20.00 and set a “market perform” rating for the company in a research note on Wednesday, August 7th. StockNews.com raised Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Morgan Stanley decreased their target price on Bloomin’ Brands from $26.00 to $22.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Bloomin’ Brands has a consensus rating of “Hold” and an average target price of $22.33.

Bloomin’ Brands Company Profile

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.