Axa S.A. Has $2.50 Million Stock Position in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Axa S.A. lifted its stake in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 11.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 204,739 shares of the restaurant operator’s stock after buying an additional 20,689 shares during the period. Axa S.A. owned about 0.24% of Bloomin’ Brands worth $2,500,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Schonfeld Strategic Advisors LLC raised its position in Bloomin’ Brands by 8,666.6% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 1,568,253 shares of the restaurant operator’s stock valued at $19,148,000 after purchasing an additional 1,550,364 shares during the last quarter. Northern Trust Corp boosted its position in Bloomin’ Brands by 5.8% during the 4th quarter. Northern Trust Corp now owns 840,099 shares of the restaurant operator’s stock worth $10,258,000 after buying an additional 46,422 shares during the period. Nebula Research & Development LLC acquired a new position in Bloomin’ Brands in the 4th quarter valued at approximately $361,000. Hsbc Holdings PLC raised its stake in shares of Bloomin’ Brands by 301.7% during the fourth quarter. Hsbc Holdings PLC now owns 53,632 shares of the restaurant operator’s stock valued at $652,000 after acquiring an additional 40,282 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of Bloomin’ Brands by 31.5% during the fourth quarter. Stifel Financial Corp now owns 25,227 shares of the restaurant operator’s stock worth $308,000 after purchasing an additional 6,041 shares during the period.

Insiders Place Their Bets

In related news, EVP Patrick M. Hafner sold 9,555 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $8.32, for a total transaction of $79,497.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.00% of the company’s stock.

Bloomin’ Brands Stock Up 1.2 %

BLMN stock opened at $7.35 on Friday. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.22 and a current ratio of 0.31. Bloomin’ Brands, Inc. has a fifty-two week low of $6.09 and a fifty-two week high of $24.50. The stock’s 50 day simple moving average is $7.87 and its 200 day simple moving average is $11.12. The company has a market cap of $623.82 million, a P/E ratio of -66.77 and a beta of 1.30.

Bloomin’ Brands (NASDAQ:BLMN) last issued its earnings results on Wednesday, May 7th. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Bloomin’ Brands had a positive return on equity of 62.18% and a negative net margin of 0.12%. During the same period last year, the business earned $0.70 EPS. Bloomin’ Brands’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, research analysts expect that Bloomin’ Brands, Inc. will post 1.8 earnings per share for the current fiscal year.

Bloomin’ Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.60 dividend on an annualized basis and a yield of 8.17%. Bloomin’ Brands’s dividend payout ratio (DPR) is currently -40.27%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. The Goldman Sachs Group lowered their target price on Bloomin’ Brands from $13.00 to $10.00 and set a “sell” rating for the company in a research report on Thursday, February 27th. Barclays cut their price objective on Bloomin’ Brands from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Thursday. UBS Group decreased their target price on shares of Bloomin’ Brands from $13.00 to $8.50 and set a “neutral” rating for the company in a research report on Monday. BMO Capital Markets reduced their price objective on shares of Bloomin’ Brands from $16.00 to $12.00 and set a “market perform” rating on the stock in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Bloomin’ Brands from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. According to data from MarketBeat, Bloomin’ Brands presently has a consensus rating of “Hold” and an average price target of $13.75.

Bloomin’ Brands Company Profile

Bloomin’ Brands, Inc engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.