Rye Brook Capital LLC Purchases 12,000 Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Rye Brook Capital LLC increased its position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 7.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 179,700 shares of the restaurant operator’s stock after purchasing an additional 12,000 shares during the period. Bloomin’ Brands comprises about 1.6% of Rye Brook Capital LLC’s investment portfolio, making the stock its 17th largest position. Rye Brook Capital LLC owned about 0.21% of Bloomin’ Brands worth $1,288,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its position in Bloomin’ Brands by 28.9% in the first quarter. GAMMA Investing LLC now owns 6,304 shares of the restaurant operator’s stock valued at $45,000 after acquiring an additional 1,414 shares during the period. Headlands Technologies LLC bought a new stake in Bloomin’ Brands in the fourth quarter valued at $27,000. Public Employees Retirement System of Ohio bought a new stake in Bloomin’ Brands in the fourth quarter valued at $32,000. Rhumbline Advisers grew its position in Bloomin’ Brands by 1.3% in the fourth quarter. Rhumbline Advisers now owns 238,093 shares of the restaurant operator’s stock valued at $2,907,000 after acquiring an additional 2,977 shares during the period. Finally, Meeder Asset Management Inc. bought a new stake in Bloomin’ Brands in the fourth quarter valued at $41,000.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. The Goldman Sachs Group lowered their price target on Bloomin’ Brands from $13.00 to $10.00 and set a “sell” rating on the stock in a research report on Thursday, February 27th. BMO Capital Markets reduced their price objective on 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. Wall Street Zen raised Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. UBS Group reduced their price objective on Bloomin’ Brands from $13.00 to $8.50 and set a “neutral” rating on the stock in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. reduced their price objective on Bloomin’ Brands from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Two analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. Based on data from MarketBeat, Bloomin’ Brands has a consensus rating of “Hold” and an average price target of $13.75.

Bloomin’ Brands Trading Down 8.5%

Shares of BLMN opened at $8.06 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 4.46. Bloomin’ Brands, Inc. has a 12-month low of $6.09 and a 12-month high of $21.45. The firm has a market capitalization of $684.54 million, a PE ratio of -73.27 and a beta of 1.29. The stock’s fifty day simple moving average is $7.89 and its 200-day simple moving average is $9.90.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings data on Wednesday, May 7th. The restaurant operator reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. Bloomin’ Brands had a positive return on equity of 62.18% and a negative net margin of 0.12%. The firm’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.70 earnings per share. As a group, research analysts predict that Bloomin’ Brands, Inc. will post 1.8 earnings per share for the current year.

Bloomin’ Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th were issued a $0.15 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $0.60 dividend on an annualized basis and a yield of 7.44%. Bloomin’ Brands’s dividend payout ratio is presently -2,000.00%.

About Bloomin’ Brands

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.