Mirae Asset Global Investments Co. Ltd. Acquires 869 Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Mirae Asset Global Investments Co. Ltd. increased its stake in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 39,926 shares of the restaurant operator’s stock after purchasing an additional 869 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Bloomin’ Brands were worth $1,124,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of BLMN. EverSource Wealth Advisors LLC lifted its position in shares of Bloomin’ Brands by 683.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,261 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 1,100 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Bloomin’ Brands during the third quarter valued at approximately $32,000. CWM LLC boosted its position in shares of Bloomin’ Brands by 54.8% in the third quarter. CWM LLC now owns 3,460 shares of the restaurant operator’s stock worth $85,000 after purchasing an additional 1,225 shares during the period. Assetmark Inc. increased its stake in shares of Bloomin’ Brands by 23.5% in the third quarter. Assetmark Inc. now owns 4,026 shares of the restaurant operator’s stock worth $99,000 after purchasing an additional 765 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of Bloomin’ Brands by 221.2% during the 3rd quarter. Signaturefd LLC now owns 4,147 shares of the restaurant operator’s stock valued at $102,000 after purchasing an additional 2,856 shares during the period.

Bloomin’ Brands Stock Performance

Shares of NASDAQ:BLMN opened at $26.81 on Tuesday. The company has a current ratio of 0.34, a quick ratio of 0.27 and a debt-to-equity ratio of 1.89. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 10.60 and a beta of 2.00. Bloomin’ Brands, Inc. has a 12 month low of $22.03 and a 12 month high of $30.13. The firm’s 50-day moving average is $27.72 and its 200 day moving average is $26.00.

Bloomin’ Brands (NASDAQ:BLMN) last released its earnings results on Friday, February 23rd. The restaurant operator reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Bloomin’ Brands had a return on equity of 73.67% and a net margin of 5.30%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 earnings per share. Research analysts predict that Bloomin’ Brands, Inc. will post 2.55 EPS for the current year.

Bloomin’ Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend was Tuesday, March 5th. Bloomin’ Brands’s dividend payout ratio is presently 37.94%.

Analyst Ratings Changes

A number of brokerages have issued reports on BLMN. Barclays increased their price target on Bloomin’ Brands from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, February 26th. Raymond James lifted their target price on Bloomin’ Brands from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, January 3rd. BMO Capital Markets upped their price target on Bloomin’ Brands from $27.00 to $29.00 and gave the stock a “market perform” rating in a research note on Monday, February 26th. Citigroup lifted their price objective on shares of Bloomin’ Brands from $25.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Finally, JPMorgan Chase & Co. cut shares of Bloomin’ Brands from an “overweight” rating to a “neutral” rating and set a $26.00 target price for the company. in a research note on Tuesday, January 23rd. Nine investment 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, the stock has a consensus rating of “Hold” and a consensus price target of $27.90.

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.