Bloomin' Brands, Inc. (NASDAQ:BLMN) Holdings Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 12.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,414,415 shares of the restaurant operator's stock after purchasing an additional 159,356 shares during the period. Charles Schwab Investment Management Inc. owned 1.67% of Bloomin' Brands worth $17,270,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. KBC Group NV boosted its position in 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 acquiring an additional 1,489 shares during the period. Jennison Associates LLC lifted its holdings in Bloomin' Brands by 4.4% in the third quarter. Jennison Associates LLC now owns 1,411,200 shares of the restaurant operator's stock worth $23,327,000 after purchasing an additional 59,418 shares during the period. Advisors Asset Management Inc. lifted its holdings in Bloomin' Brands by 176.0% in the third quarter. Advisors Asset Management Inc. now owns 167,495 shares of the restaurant operator's stock worth $2,769,000 after purchasing an additional 106,804 shares during the period. Intech Investment Management LLC bought a new position in Bloomin' Brands in the 3rd quarter valued at about $339,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Bloomin' Brands during the 3rd quarter valued at about $1,064,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on BLMN shares. StockNews.com raised shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. The Goldman Sachs Group decreased their price target on Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating for the company in a research note on Thursday, February 27th. JPMorgan Chase & Co. dropped their price objective on Bloomin' Brands from $10.00 to $9.00 and set a "neutral" rating on the stock in a research note on Thursday. Bank of America cut Bloomin' Brands from a "neutral" rating to an "underperform" rating and decreased their target price for the company from $18.00 to $13.00 in a research note on Monday, January 27th. Finally, BMO Capital Markets dropped their price target on shares of Bloomin' Brands from $16.00 to $12.00 and set a "market perform" rating on the stock in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. According to MarketBeat.com, Bloomin' Brands has an average rating of "Hold" and an average target price of $14.50.

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Insider Activity

In related news, EVP Patrick M. Hafner sold 9,555 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $8.32, for a total transaction of $79,497.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.00% of the company's stock.

Bloomin' Brands Trading Up 8.4 %

Shares of Bloomin' Brands stock traded up $0.65 during trading on Monday, hitting $8.43. The stock had a trading volume of 2,377,298 shares, compared to its average volume of 1,762,374. 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 $715.97 million, a PE ratio of -76.63 and a beta of 2.04. Bloomin' Brands, Inc. has a 1 year low of $7.72 and a 1 year high of $29.10. The stock has a 50 day simple moving average of $10.79 and a 200 day simple moving average of $13.24.

Bloomin' Brands Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.12%. Bloomin' Brands's payout ratio is currently -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.