Annex Advisory Services LLC Buys 64,006 Shares of Bloomin' Brands, Inc. (NASDAQ:BLMN) (2024)

Annex Advisory Services LLC lifted its stake in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 27.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 295,261 shares of the restaurant operator's stock after acquiring an additional 64,006 shares during the quarter. Annex Advisory Services LLC owned approximately 0.34% of Bloomin' Brands worth $8,468,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of BLMN. Janney Montgomery Scott LLC acquired a new position in shares of Bloomin' Brands in the third quarter worth $413,000. Deutsche Bank AG increased its position in Bloomin' Brands by 14.5% during the third quarter. Deutsche Bank AG now owns 47,202 shares of the restaurant operator's stock worth $1,161,000 after buying an additional 5,960 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Bloomin' Brands during the third quarter worth $32,000. FMR LLC increased its position in Bloomin' Brands by 364.4% during the third quarter. FMR LLC now owns 494,338 shares of the restaurant operator's stock worth $12,156,000 after buying an additional 387,896 shares during the last quarter. Finally, Invesco Ltd. increased its position in Bloomin' Brands by 6.5% during the third quarter. Invesco Ltd. now owns 1,411,410 shares of the restaurant operator's stock worth $34,707,000 after buying an additional 86,272 shares during the last quarter.

Bloomin' Brands Stock Performance

BLMN stock traded down $0.64 during mid-day trading on Tuesday, reaching $18.56. 1,152,803 shares of the stock traded hands, compared to its average volume of 1,382,371. The company has a quick ratio of 0.26, a current ratio of 0.33 and a debt-to-equity ratio of 3.12. The business has a 50-day moving average of $22.60 and a two-hundred day moving average of $25.56. Bloomin' Brands, Inc. has a 52 week low of $18.54 and a 52 week high of $30.13. The firm has a market capitalization of $1.60 billion, a PE ratio of 29.00 and a beta of 2.01.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last released its earnings results on Tuesday, May 7th. The restaurant operator reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.05). Bloomin' Brands had a net margin of 1.56% and a return on equity of 65.73%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the business posted $0.98 EPS. The firm's quarterly revenue was down 4.0% on a year-over-year basis. As a group, equities analysts predict that Bloomin' Brands, Inc. will post 2.44 EPS for the current fiscal year.

Bloomin' Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 20th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.17%. The ex-dividend date of this dividend was Friday, May 17th. Bloomin' Brands's payout ratio is presently 150.00%.

Analysts Set New Price Targets

Several research firms have commented on BLMN. JPMorgan Chase & Co. lowered their target price on shares of Bloomin' Brands from $26.00 to $24.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 28th. Barclays lowered their target price on shares of Bloomin' Brands from $32.00 to $30.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 8th. UBS Group lowered their target price on shares of Bloomin' Brands from $30.00 to $26.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 8th. Finally, BMO Capital Markets lowered their target price on shares of Bloomin' Brands from $29.00 to $27.00 and set a "market perform" rating on the stock in a research report on Wednesday, May 8th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $27.30.

View Our Latest Stock Analysis on Bloomin' Brands

Bloomin' Brands Company Profile

(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.

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