UBS Group AG Grows Stock Holdings in Bloomin’ Brands, Inc. (NASDAQ:BLMN) (2024)

UBS Group AG increased its stake in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN – Free Report) by 23.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 218,191 shares of the restaurant operator’s stock after buying an additional 41,341 shares during the quarter. UBS Group AG’s holdings in Bloomin’ Brands were worth $6,142,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BLMN. Jump Financial LLC purchased a new position in shares of Bloomin’ Brands during the third quarter worth about $759,000. New York State Common Retirement Fund boosted its holdings in Bloomin’ Brands by 1.2% in the 3rd quarter. New York State Common Retirement Fund now owns 384,408 shares of the restaurant operator’s stock valued at $9,453,000 after purchasing an additional 4,558 shares in the last quarter. Swiss National Bank boosted its holdings in Bloomin’ Brands by 0.6% in the 3rd quarter. Swiss National Bank now owns 191,900 shares of the restaurant operator’s stock valued at $4,719,000 after purchasing an additional 1,100 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in Bloomin’ Brands in the 3rd quarter valued at approximately $413,000. Finally, Shell Asset Management Co. boosted its holdings in Bloomin’ Brands by 140.8% in the 3rd quarter. Shell Asset Management Co. now owns 15,499 shares of the restaurant operator’s stock valued at $381,000 after purchasing an additional 9,062 shares in the last quarter.

Bloomin’ Brands Trading Up 0.3 %

Shares of Bloomin’ Brands stock opened at $20.13 on Friday. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.33 and a quick ratio of 0.26. Bloomin’ Brands, Inc. has a 1 year low of $20.03 and a 1 year high of $30.13. The company has a market capitalization of $1.74 billion, a P/E ratio of 31.45 and a beta of 2.01. The business has a 50 day moving average price of $24.78 and a 200 day moving average price of $25.97.

Bloomin’ Brands (NASDAQ:BLMN – Get Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The restaurant operator reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.05). Bloomin’ Brands had a return on equity of 65.73% and a net margin of 1.56%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the firm earned $0.98 earnings per share. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. Sell-side analysts anticipate that Bloomin’ Brands, Inc. will post 2.44 EPS for the current fiscal year.

Bloomin’ Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 20th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $0.96 dividend on an annualized basis and a yield of 4.77%. Bloomin’ Brands’s dividend payout ratio (DPR) is 150.00%.

Analysts Set New Price Targets

BLMN has been the topic of a number of analyst reports. UBS Group lowered their price objective on Bloomin’ Brands from $30.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Barclays lowered their price objective on Bloomin’ Brands from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Wednesday, May 8th. BMO Capital Markets lowered their price objective on Bloomin’ Brands from $29.00 to $27.00 and set a “market perform” rating on the stock in a report on Wednesday, May 8th. Citigroup boosted their price target on Bloomin’ Brands from $25.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Finally, JPMorgan Chase & Co. decreased their price target on Bloomin’ Brands from $26.00 to $24.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 28th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Bloomin’ Brands currently has a consensus rating of “Hold” and a consensus price target of $27.30.

Get Our Latest Stock Report on BLMN

About Bloomin’ Brands

(Free Report)

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.

Featured Articles

• Five stocks we like better than Bloomin’ Brands
• How to invest in blue chip stocks
• Novavax Stock’s Recent Surge and Future Potential
• Why Special Dividends Can be a Delightful Surprise for Income Investors
• Investing in Biotech: High Risk for a Potentially High Reward
• What is Put Option Volume?
• GameStop Stock Update: What’s Driving Today’s Prices?

Want to see what other hedge funds are holding BLMN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bloomin’ Brands, Inc. (NASDAQ:BLMN – Free Report).

Receive News & Ratings for Bloomin' Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bloomin' Brands and related companies with MarketBeat.com's FREE daily email newsletter.