KBC Group NV Has $56,000 Stock Position in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

KBC Group NV raised its holdings in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 79.1% in the third quarter, Holdings Channel reports. The institutional investor owned 3,371 shares of the restaurant operator’s stock after buying an additional 1,489 shares during the quarter. KBC Group NV’s holdings in Bloomin’ Brands were worth $56,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of BLMN. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Bloomin’ Brands in the 2nd quarter valued at $111,000. Point72 DIFC Ltd bought a new position in shares of Bloomin’ Brands in the second quarter worth about $169,000. Olympiad Research LP bought a new position in Bloomin’ Brands in the 3rd quarter valued at $202,000. Verdence Capital Advisors LLC increased its position in Bloomin’ Brands by 6.6% in the third quarter. Verdence Capital Advisors LLC now owns 12,676 shares of the restaurant operator’s stock worth $210,000 after purchasing an additional 780 shares during the period. Finally, Bayesian Capital Management LP acquired a new position in Bloomin’ Brands in the first quarter valued at approximately $219,000.

Bloomin’ Brands Trading Up 3.1 %

NASDAQ:BLMN opened at $13.19 on Friday. The firm has a market cap of $1.12 billion, a P/E ratio of -119.90 and a beta of 2.04. 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 52 week low of $12.26 and a 52 week high of $30.13. The firm’s fifty day moving average is $15.70 and its 200-day moving average is $17.98.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings data on Friday, November 8th. The restaurant operator reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.02. Bloomin’ Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the business earned $0.44 earnings per share. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. Equities analysts expect that Bloomin’ Brands, Inc. will post 1.8 earnings per share for the current year.

Bloomin’ Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Monday, November 25th will be issued a $0.24 dividend. The ex-dividend date is Monday, November 25th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.28%. Bloomin’ Brands’s dividend payout ratio is presently -872.65%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BLMN shares. Piper Sandler lowered their price target on Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, November 11th. Barclays decreased their target price on shares of Bloomin’ Brands from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. StockNews.com raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Citigroup reduced their price objective on shares of Bloomin’ Brands from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Monday, August 19th. Finally, Raymond James downgraded Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. Ten research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Bloomin’ Brands presently has a consensus rating of “Hold” and a consensus price target of $19.70.

Bloomin’ Brands 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.