BNP PARIBAS ASSET MANAGEMENT Holding S.A. Invests $563,000 in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Bloomin’ Brands, Inc. (NASDAQ:BLMN) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 29,300 shares of the restaurant operator’s stock, valued at approximately $563,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capstone Investment Advisors LLC purchased a new stake in Bloomin’ Brands during the first quarter valued at approximately $2,042,000. Annex Advisory Services LLC increased its position in shares of Bloomin’ Brands by 27.7% during the 1st quarter. Annex Advisory Services LLC now owns 295,261 shares of the restaurant operator’s stock valued at $8,468,000 after purchasing an additional 64,006 shares during the last quarter. SG Americas Securities LLC raised its holdings in Bloomin’ Brands by 219.2% during the 2nd quarter. SG Americas Securities LLC now owns 165,705 shares of the restaurant operator’s stock valued at $3,187,000 after buying an additional 113,798 shares during the period. Dimensional Fund Advisors LP lifted its position in Bloomin’ Brands by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,509,269 shares of the restaurant operator’s stock worth $70,637,000 after buying an additional 104,368 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in Bloomin’ Brands by 34.9% during the fourth quarter. First Eagle Investment Management LLC now owns 163,419 shares of the restaurant operator’s stock worth $4,600,000 after buying an additional 42,315 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on BLMN shares. JPMorgan Chase & Co. dropped their price target on shares of Bloomin’ Brands from $26.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, May 28th. Barclays dropped their target price on Bloomin’ Brands from $30.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. StockNews.com downgraded Bloomin’ Brands from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Citigroup decreased their price target on Bloomin’ Brands from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, August 19th. Finally, Morgan Stanley cut their price objective on Bloomin’ Brands from $26.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Bloomin’ Brands has an average rating of “Hold” and an average price target of $22.33.

Bloomin’ Brands Stock Down 1.5 %

Shares of NASDAQ:BLMN opened at $17.24 on Wednesday. The business’s 50 day moving average is $18.20 and its 200 day moving average is $22.63. The stock has a market cap of $1.49 billion, a P/E ratio of 26.94 and a beta of 2.04. Bloomin’ Brands, Inc. has a 52-week low of $15.20 and a 52-week high of $30.13. The company has a quick ratio of 0.26, a current ratio of 0.35 and a debt-to-equity ratio of 3.46.

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

Bloomin’ Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 20th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 5.57%. The ex-dividend date of this dividend is Tuesday, August 20th. Bloomin’ Brands’s dividend payout ratio (DPR) is 150.00%.

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.