Mirae Asset Global Investments Co. Ltd. Boosts Stake in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 2.2% in the 4th quarter, Holdings Channel.com reports. 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 reporting period.

A number of other large investors also recently bought and sold shares of the business. Verdence Capital Advisors LLC lifted its position in shares of Bloomin’ Brands by 4.8% in the third quarter. Verdence Capital Advisors LLC now owns 12,250 shares of the restaurant operator’s stock valued at $301,000 after acquiring an additional 566 shares in the last quarter. Assetmark Inc. raised its stake in Bloomin’ Brands by 23.5% in the 3rd quarter. Assetmark Inc. now owns 4,026 shares of the restaurant operator’s stock valued at $99,000 after purchasing an additional 765 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Bloomin’ Brands by 683.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,261 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 1,100 shares in the last quarter. Swiss National Bank raised its position in shares of Bloomin’ Brands by 0.6% in the third quarter. Swiss National Bank now owns 191,900 shares of the restaurant operator’s stock valued at $4,719,000 after buying an additional 1,100 shares during the last quarter. Finally, CWM LLC lifted its stake in Bloomin’ Brands by 54.8% in the 3rd quarter. CWM LLC now owns 3,460 shares of the restaurant operator’s stock worth $85,000 after purchasing an additional 1,225 shares in the last quarter.

Bloomin’ Brands Price Performance

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

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings data on Friday, February 23rd. The restaurant operator reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.06. Bloomin’ Brands had a return on equity of 73.67% and a net margin of 5.30%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the company earned $0.68 earnings per share. The company’s revenue was up 9.1% compared to the same quarter last year. As a group, sell-side analysts predict that Bloomin’ Brands, Inc. will post 2.55 earnings per share for the current fiscal year.

Bloomin’ Brands Announces Dividend

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

Wall Street Analysts Forecast Growth

BLMN has been the subject of several analyst reports. BMO Capital Markets increased their price target on shares of Bloomin’ Brands from $27.00 to $29.00 and gave the company a “market perform” rating in a research note on Monday, February 26th. Barclays increased their price target on shares of Bloomin’ Brands from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. Citigroup upped their target price on shares of Bloomin’ Brands from $25.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. JPMorgan Chase & Co. lowered Bloomin’ Brands from an “overweight” rating to a “neutral” rating and set a $26.00 price objective on the stock. in a research report on Tuesday, January 23rd. Finally, Raymond James boosted their target price on Bloomin’ Brands from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 3rd. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.