Bryce Point Capital LLC Takes Position in Bloomin' Brands, Inc. (NASDAQ:BLMN)

Bryce Point Capital LLC bought a new stake in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 107,635 shares of the restaurant operator's stock, valued at approximately $1,314,000. Bryce Point Capital LLC owned approximately 0.13% of Bloomin' Brands at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC grew its stake in Bloomin' Brands by 34.8% in the 3rd quarter. FMR LLC now owns 1,381,150 shares of the restaurant operator's stock valued at $22,830,000 after acquiring an additional 356,456 shares during the last quarter. A&I Financial Services LLC acquired a new stake in shares of Bloomin' Brands in the fourth quarter valued at approximately $343,000. Barclays PLC increased its stake in shares of Bloomin' Brands by 29.4% during the 3rd quarter. Barclays PLC now owns 219,080 shares of the restaurant operator's stock worth $3,621,000 after purchasing an additional 49,723 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in shares of Bloomin' Brands by 58.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 691,585 shares of the restaurant operator's stock worth $11,432,000 after purchasing an additional 254,570 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Bloomin' Brands by 12.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,414,415 shares of the restaurant operator's stock valued at $17,270,000 after buying an additional 159,356 shares in the last quarter.

Bloomin' Brands Trading Down 6.4 %

Bloomin' Brands stock traded down $0.44 during midday trading on Monday, reaching $6.37. The stock had a trading volume of 1,258,458 shares, compared to its average volume of 1,852,882. The stock has a market capitalization of $540.59 million, a PE ratio of -57.95 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. The stock's 50-day simple moving average is $9.97 and its 200 day simple moving average is $12.60. Bloomin' Brands, Inc. has a twelve month low of $6.14 and a twelve month high of $27.56.

Bloomin' Brands Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $0.60 annualized dividend and a yield of 9.43%. Bloomin' Brands's payout ratio is -40.27%.

Insider Buying and Selling at Bloomin' Brands

In other Bloomin' Brands news, EVP Patrick M. Hafner sold 9,555 shares of the firm's stock in a transaction dated 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 document filed with the SEC, which is available through the SEC website. 3.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

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.