433,141 Shares in Bloomin' Brands, Inc. (NASDAQ:BLMN) Acquired by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP acquired a new position in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 433,141 shares of the restaurant operator's stock, valued at approximately $5,289,000. ExodusPoint Capital Management LP owned about 0.51% of Bloomin' Brands at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in shares of Bloomin' Brands during the fourth quarter worth approximately $27,000. Meeder Asset Management Inc. purchased a new stake in shares of Bloomin' Brands during the fourth quarter worth $41,000. New Age Alpha Advisors LLC acquired a new stake in shares of Bloomin' Brands in the fourth quarter valued at about $45,000. GAMMA Investing LLC raised its position in shares of Bloomin' Brands by 606.6% in the fourth 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 purchased a new position in shares of Bloomin' Brands in the fourth quarter worth about $140,000.

Bloomin' Brands Stock Down 5.5 %

BLMN traded down $0.40 on Thursday, reaching $6.84. The company's stock had a trading volume of 1,213,179 shares, compared to its average volume of 1,884,494. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 4.46. Bloomin' Brands, Inc. has a fifty-two week low of $6.09 and a fifty-two week high of $27.39. The stock has a 50 day moving average of $9.38 and a two-hundred day moving average of $12.31. The company has a market capitalization of $581.27 million, a price-to-earnings ratio of -62.29 and a beta of 1.76.

Bloomin' Brands Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 8.77%. The ex-dividend date was Tuesday, March 11th. Bloomin' Brands's dividend payout ratio is presently -40.27%.

Insider Activity

In other Bloomin' Brands 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.00% of the company's stock.

Analyst Ratings Changes

BLMN has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their target price on shares of Bloomin' Brands from $10.00 to $9.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Bank of America downgraded Bloomin' Brands from a "neutral" rating to an "underperform" rating and reduced their price objective for the stock from $18.00 to $13.00 in a research report on Monday, January 27th. UBS Group lowered their price objective on Bloomin' Brands from $16.00 to $13.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. StockNews.com raised Bloomin' Brands from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. Finally, The Goldman Sachs Group reduced their target price on shares of Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating on the stock in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. Based on data from MarketBeat.com, Bloomin' Brands presently has an average rating of "Hold" and a consensus target price of $14.50.

About Bloomin' Brands

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.