Kendall Capital Management Sells 18,950 Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Kendall Capital Management lessened its position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 59.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 13,075 shares of the restaurant operator’s stock after selling 18,950 shares during the period. Kendall Capital Management’s holdings in Bloomin’ Brands were worth $160,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BLMN. Creative Planning acquired a new position in shares of Bloomin’ Brands during the 3rd quarter worth about $219,000. Farther Finance Advisors LLC boosted its stake in shares of Bloomin’ Brands by 17.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 15,521 shares of the restaurant operator’s stock worth $257,000 after buying an additional 2,289 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Bloomin’ Brands by 6.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,529,130 shares of the restaurant operator’s stock worth $41,806,000 after buying an additional 147,895 shares during the last quarter. Verdence Capital Advisors LLC boosted its stake in shares of Bloomin’ Brands by 6.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 12,676 shares of the restaurant operator’s stock worth $210,000 after buying an additional 780 shares during the last quarter. Finally, KBC Group NV boosted 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 buying an additional 1,489 shares during the last quarter.

Insiders Place Their Bets

In other news, EVP Patrick M. Hafner sold 9,555 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $8.32, for a total transaction of $79,497.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BLMN shares. The Goldman Sachs Group reduced their price objective on shares of Bloomin’ Brands from $13.00 to $10.00 and set a “sell” rating for the company in a research note on Thursday, February 27th. Barclays set a $11.00 price objective on shares of Bloomin’ Brands and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. Raymond James downgraded shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. cut their target price on shares of Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday, November 12th. Finally, StockNews.com upgraded shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. Based on data from MarketBeat.com, Bloomin’ Brands presently has a consensus rating of “Hold” and an average price target of $15.00.

Bloomin’ Brands Trading Up 2.7 %

Shares of BLMN stock opened at $8.79 on Monday. The firm has a 50 day moving average price of $11.51 and a two-hundred day moving average price of $13.88. 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 company has a market capitalization of $746.54 million, a PE ratio of -79.90 and a beta of 2.04. Bloomin’ Brands, Inc. has a 12-month low of $8.00 and a 12-month high of $29.59.

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 given a dividend of $0.15 per share. The ex-dividend date is Tuesday, March 11th. This represents a $0.60 annualized dividend and a yield of 6.83%. Bloomin’ Brands’s dividend payout ratio (DPR) is presently -40.27%.

Bloomin’ Brands Profile

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.