Capital Impact Advisors LLC Has $773,000 Stock Position in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Capital Impact Advisors LLC raised its holdings in Bloomin’ Brands, Inc. (NASDAQ:BLMN – Get Rating) by 6.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,992 shares of the restaurant operator’s stock after buying an additional 2,063 shares during the quarter. Capital Impact Advisors LLC’s holdings in Bloomin’ Brands were worth $773,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors grew its holdings in Bloomin’ Brands by 39.4% in the 1st quarter. Captrust Financial Advisors now owns 4,079 shares of the restaurant operator’s stock valued at $89,000 after buying an additional 1,153 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Bloomin’ Brands by 58.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 7,748 shares of the restaurant operator’s stock valued at $142,000 after buying an additional 2,861 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Bloomin’ Brands by 10.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,339 shares of the restaurant operator’s stock valued at $160,000 after buying an additional 700 shares during the last quarter. Advisor Group Holdings Inc. grew its holdings in Bloomin’ Brands by 6.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 9,030 shares of the restaurant operator’s stock valued at $198,000 after buying an additional 525 shares during the last quarter. Finally, Occudo Quantitative Strategies LP acquired a new stake in Bloomin’ Brands in the 2nd quarter valued at approximately $202,000.

Wall Street Analysts Forecast Growth

A number of analysts have commented on BLMN shares. BMO Capital Markets downgraded Bloomin’ Brands from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $29.00 to $26.00 in a research report on Wednesday, January 25th. Gordon Haskett downgraded Bloomin’ Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, January 17th. Raymond James raised their price objective on Bloomin’ Brands from $30.00 to $33.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 17th. Barclays raised their price objective on Bloomin’ Brands from $24.00 to $31.00 and gave the stock an “overweight” rating in a research report on Friday, February 17th. Finally, UBS Group raised their price objective on Bloomin’ Brands from $23.00 to $28.00 in a research report on Monday, February 20th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Bloomin’ Brands currently has an average rating of “Moderate Buy” and an average target price of $29.55.

Insider Buying and Selling at Bloomin’ Brands

In other Bloomin’ Brands news, Director Elizabeth A. Smith sold 64,295 shares of Bloomin’ Brands stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $27.89, for a total value of $1,793,187.55. Following the completion of the transaction, the director now owns 243,594 shares in the company, valued at approximately $6,793,836.66. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 4.18% of the company’s stock.

Bloomin’ Brands Trading Up 3.0 %

Shares of BLMN opened at $26.17 on Friday. The stock has a fifty day moving average price of $25.00 and a two-hundred day moving average price of $22.49. The company has a debt-to-equity ratio of 3.04, a quick ratio of 0.27 and a current ratio of 0.35. Bloomin’ Brands, Inc. has a 52-week low of $15.89 and a 52-week high of $28.46. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 27.26, a PEG ratio of 0.68 and a beta of 1.87.

Bloomin’ Brands (NASDAQ:BLMN – Get Rating) last issued its quarterly earnings data on Thursday, February 16th. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.05. Bloomin’ Brands had a return on equity of 89.75% and a net margin of 2.31%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the company posted $0.60 EPS. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. Analysts predict that Bloomin’ Brands, Inc. will post 2.9 EPS for the current fiscal year.

Bloomin’ Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st were given a $0.24 dividend. This is an increase from Bloomin’ Brands’s previous quarterly dividend of $0.14. The ex-dividend date was Tuesday, February 28th. This represents a $0.96 annualized dividend and a yield of 3.67%. Bloomin’ Brands’s payout ratio is presently 100.00%.

About Bloomin’ Brands

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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.