Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report) EVP Patrick M. Hafner sold 9,555 shares of Bloomin' Brands stock in a transaction that occurred 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 document filed with the SEC, which is available through this link.
Bloomin' Brands Price Performance
Shares of NASDAQ:BLMN traded up $0.56 on Monday, hitting $9.35. The stock had a trading volume of 3,548,548 shares, compared to its average volume of 1,698,661. The firm's 50 day moving average price is $11.51 and its 200-day moving average price is $13.88. 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 twelve month low of $8.00 and a twelve month high of $29.59. The company has a market capitalization of $794.10 million, a price-to-earnings ratio of -84.99 and a beta of 2.04.
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 issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.42%. The ex-dividend date of this dividend is Tuesday, March 11th. Bloomin' Brands's payout ratio is presently -40.27%.
Institutional Trading of Bloomin' Brands
Institutional investors have recently added to or reduced their stakes in the company. Creative Planning bought a new position in Bloomin' Brands during the 3rd quarter worth $219,000. Farther Finance Advisors LLC increased its holdings in Bloomin' Brands by 17.3% during the third quarter. Farther Finance Advisors LLC now owns 15,521 shares of the restaurant operator's stock worth $257,000 after buying an additional 2,289 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Bloomin' Brands by 6.2% during the third quarter. Principal Financial Group Inc. now owns 2,529,130 shares of the restaurant operator's stock valued at $41,806,000 after purchasing an additional 147,895 shares during the last quarter. Olympiad Research LP bought a new stake in shares of Bloomin' Brands during the 3rd quarter valued at $202,000. Finally, Easterly Investment Partners LLC increased its holdings in shares of Bloomin' Brands by 14.8% in the third quarter. Easterly Investment Partners LLC now owns 676,157 shares of the restaurant operator's stock worth $11,177,000 after purchasing an additional 87,293 shares during the period.
Wall Street Analyst Weigh In
BLMN has been the topic of a number of recent analyst reports. 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. Piper Sandler dropped their target price on shares of Bloomin' Brands from $20.00 to $16.00 and set a "neutral" rating for the company in a report on Monday, November 11th. UBS Group decreased their price objective on shares of Bloomin' Brands from $16.00 to $13.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Raymond James lowered shares of Bloomin' Brands from an "outperform" rating to a "market perform" rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Bloomin' Brands from $13.00 to $10.00 and set a "neutral" rating on the stock in a research report on Monday. Two equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $14.60.
View Our Latest Report on BLMN
About Bloomin' Brands
(
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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.
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