Advisors Asset Management Inc. Acquires 173,942 Shares of Bloomin' Brands, Inc. (NASDAQ:BLMN)

Advisors Asset Management Inc. increased its position in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 103.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 341,437 shares of the restaurant operator's stock after purchasing an additional 173,942 shares during the quarter. Advisors Asset Management Inc. owned 0.40% of Bloomin' Brands worth $4,169,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in BLMN. KBC Group NV raised its position in shares of Bloomin' Brands by 79.1% in the 3rd quarter. KBC Group NV now owns 3,371 shares of the restaurant operator's stock valued at $56,000 after purchasing an additional 1,489 shares in the last quarter. GAMMA Investing LLC boosted its stake in Bloomin' Brands by 606.6% during the 4th quarter. GAMMA Investing LLC now owns 4,890 shares of the restaurant operator's stock valued at $60,000 after acquiring an additional 4,198 shares during the last quarter. Entropy Technologies LP acquired a new position in Bloomin' Brands during the 4th quarter worth $140,000. AlphaQuest LLC increased its position in shares of Bloomin' Brands by 63,457.9% in the 4th quarter. AlphaQuest LLC now owns 12,076 shares of the restaurant operator's stock worth $147,000 after purchasing an additional 12,057 shares during the last quarter. Finally, Fruth Investment Management bought a new stake in shares of Bloomin' Brands in the 4th quarter worth about $152,000.

Insider Transactions at Bloomin' Brands

In related news, EVP Patrick M. Hafner sold 9,555 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $8.32, for a total transaction of $79,497.60. The sale was disclosed in a document filed with the SEC, which is available through this link. 3.00% of the stock is currently owned by corporate insiders.

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Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. The Goldman Sachs Group lowered their price objective on Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating for the company in a report on Thursday, February 27th. BMO Capital Markets dropped their price target on 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. StockNews.com raised shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a report on Friday, March 7th. JPMorgan Chase & Co. dropped their target price on shares of Bloomin' Brands from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Finally, Bank of America cut Bloomin' Brands from a "neutral" rating to an "underperform" rating and dropped their price target for the stock from $18.00 to $13.00 in a research report on Monday, January 27th. Two research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $14.50.

Bloomin' Brands Stock Performance

NASDAQ:BLMN traded down $0.26 during mid-day trading on Tuesday, hitting $8.17. 2,633,374 shares of the company's stock traded hands, compared to its average volume of 1,762,053. The firm has a market capitalization of $693.89 million, a price-to-earnings ratio of -74.27 and a beta of 2.04. The firm has a 50 day moving average of $10.73 and a two-hundred day moving average of $13.18. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 4.46. Bloomin' Brands, Inc. has a 12 month low of $7.72 and a 12 month high of $29.10.

Bloomin' Brands Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $0.60 annualized dividend and a dividend yield of 7.34%. Bloomin' Brands's payout ratio is -40.27%.

Bloomin' Brands Company 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.