XTX Topco Ltd Makes New $500,000 Investment in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

XTX Topco Ltd bought a new stake in Bloomin’ Brands, Inc. (NASDAQ:BLMN) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 30,238 shares of the restaurant operator’s stock, valued at approximately $500,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Gladius Capital Management LP purchased a new position in Bloomin’ Brands in the third quarter worth $26,000. KBC Group NV raised its stake in shares of Bloomin’ Brands by 79.1% during the 3rd quarter. KBC Group NV now owns 3,371 shares of the restaurant operator’s stock worth $56,000 after purchasing an additional 1,489 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Bloomin’ Brands in the 2nd quarter worth about $111,000. Point72 DIFC Ltd bought a new position in Bloomin’ Brands during the second quarter valued at about $169,000. Finally, Dark Forest Capital Management LP purchased a new stake in Bloomin’ Brands during the second quarter worth about $230,000.

Bloomin’ Brands Trading Down 1.4 %

Shares of BLMN opened at $12.27 on Friday. Bloomin’ Brands, Inc. has a twelve month low of $12.18 and a twelve month high of $30.13. The stock has a market cap of $1.04 billion, a PE ratio of -111.54 and a beta of 1.95. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 4.46. The business’s 50-day moving average price is $14.66 and its 200-day moving average price is $16.97.

Bloomin’ Brands (NASDAQ:BLMN) last posted its earnings results on Friday, November 8th. The restaurant operator reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates 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 business 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 firm posted $0.44 EPS. Bloomin’ Brands’s revenue was down 5.1% on a year-over-year basis. On average, equities analysts forecast that Bloomin’ Brands, Inc. will post 1.8 EPS for the current fiscal year.

Bloomin’ Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Monday, November 25th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 7.82%. The ex-dividend date of this dividend was Monday, November 25th. Bloomin’ Brands’s payout ratio is -872.65%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Piper Sandler dropped their target price on shares of Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, November 11th. Citigroup dropped their price objective on Bloomin’ Brands from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Monday, August 19th. Barclays decreased their target price on Bloomin’ Brands from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. The Goldman Sachs Group started coverage on Bloomin’ Brands in a research report on Thursday, December 5th. They set a “sell” rating and a $13.00 price target on the stock. Finally, Bank of America decreased their price objective on Bloomin’ Brands from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Bloomin’ Brands currently has a consensus rating of “Hold” and an average target price of $19.09.

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.