LSV Asset Management Reduces Stock Holdings in Bloomin' Brands, Inc. (NASDAQ:BLMN)

LSV Asset Management lowered its holdings in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,088,139 shares of the restaurant operator's stock after selling 168,700 shares during the period. LSV Asset Management owned about 3.64% of Bloomin' Brands worth $37,706,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Headlands Technologies LLC bought a new stake in shares of Bloomin' Brands during the fourth quarter worth approximately $27,000. Meeder Asset Management Inc. bought a new position in Bloomin' Brands in the 4th quarter valued at approximately $41,000. New Age Alpha Advisors LLC acquired a new stake in shares of Bloomin' Brands during the 4th quarter valued at $45,000. GAMMA Investing LLC raised its holdings in Bloomin' Brands by 606.6% in the 4th quarter. GAMMA Investing LLC now owns 4,890 shares of the restaurant operator's stock valued at $60,000 after buying an additional 4,198 shares during the last quarter. Finally, Entropy Technologies LP acquired a new position in shares of Bloomin' Brands during the fourth quarter worth $140,000.

Insider Buying and Selling at Bloomin' Brands

In other news, EVP Patrick M. Hafner sold 9,555 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $8.32, for a total value of $79,497.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on BLMN. BMO Capital Markets reduced their price objective on shares of Bloomin' Brands from $16.00 to $12.00 and set a "market perform" rating for the company in a research report on Thursday, February 27th. Barclays set a $11.00 price objective on shares of Bloomin' Brands and gave the company an "equal weight" rating in a research note on Thursday, February 27th. UBS Group reduced their price target on shares of Bloomin' Brands from $16.00 to $13.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. Bank of America lowered Bloomin' Brands from a "neutral" rating to an "underperform" rating and decreased their price objective for the stock from $18.00 to $13.00 in a report on Monday, January 27th. Finally, The Goldman Sachs Group cut their price target on Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating for the company in a report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to MarketBeat.com, Bloomin' Brands presently has an average rating of "Hold" and a consensus target price of $14.50.

Bloomin' Brands Trading Up 4.7 %

NASDAQ BLMN traded up $0.36 on Thursday, hitting $7.87. 626,144 shares of the stock were exchanged, compared to its average volume of 2,566,311. The stock has a fifty day moving average price of $8.87 and a two-hundred day moving average price of $12.01. The firm has a market capitalization of $667.98 million, a P/E ratio of -71.49 and a beta of 1.76. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.22 and a current ratio of 0.31. Bloomin' Brands, Inc. has a 52-week low of $6.09 and a 52-week high of $27.33.

Bloomin' Brands Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.63%. The ex-dividend date was Tuesday, March 11th. 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.