Bloomin’ Brands, Inc. (NASDAQ:BLMN) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC decreased its holdings in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 29.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 109,678 shares of the restaurant operator’s stock after selling 46,120 shares during the quarter. Great Lakes Advisors LLC’s holdings in Bloomin’ Brands were worth $1,339,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of BLMN. KBC Group NV increased its holdings in Bloomin’ Brands by 79.1% in the third quarter. KBC Group NV now owns 3,371 shares of the restaurant operator’s stock valued at $56,000 after buying an additional 1,489 shares during the last quarter. Royce & Associates LP increased its position in Bloomin’ Brands by 17.0% in the 3rd quarter. Royce & Associates LP now owns 508,688 shares of the restaurant operator’s stock valued at $8,409,000 after acquiring an additional 74,079 shares during the period. Gladius Capital Management LP acquired a new stake in Bloomin’ Brands in the 3rd quarter valued at approximately $26,000. Jennison Associates LLC increased its position in Bloomin’ Brands by 4.4% in the 3rd quarter. Jennison Associates LLC now owns 1,411,200 shares of the restaurant operator’s stock valued at $23,327,000 after acquiring an additional 59,418 shares during the period. Finally, Factorial Partners LLC increased its position in shares of Bloomin’ Brands by 67.1% during the 3rd quarter. Factorial Partners LLC now owns 60,000 shares of the restaurant operator’s stock valued at $992,000 after purchasing an additional 24,100 shares during the period.

Bloomin’ Brands Stock Up 4.3 %

NASDAQ BLMN opened at $8.55 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 4.46. The stock’s 50 day moving average is $11.18 and its two-hundred day moving average is $13.60. The company has a market capitalization of $726.16 million, a price-to-earnings ratio of -77.72 and a beta of 2.04. Bloomin’ Brands, Inc. has a 1-year low of $8.00 and a 1-year high of $29.10.

Bloomin’ Brands Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 7.02%. The ex-dividend date is Tuesday, March 11th. Bloomin’ Brands’s payout ratio is -40.27%.

Insider Transactions at Bloomin’ Brands

In other news, EVP Patrick M. Hafner sold 9,555 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $8.32, for a total value of $79,497.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 3.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BLMN. UBS Group lowered their price target on Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. The Goldman Sachs Group decreased their target price on Bloomin’ Brands from $13.00 to $10.00 and set a “sell” rating for the company in a research report on Thursday, February 27th. JPMorgan Chase & Co. cut their price objective on Bloomin’ Brands from $13.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, March 10th. Barclays set a $11.00 target price on Bloomin’ Brands and gave the company an “equal weight” rating in a report on Thursday, February 27th. Finally, StockNews.com upgraded Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Friday, March 7th. Two analysts have rated the stock with a sell rating and ten have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $14.60.

About Bloomin’ Brands

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.