Invesco Ltd. Acquires 45,793 Shares of Bloomin' Brands, Inc. (NASDAQ:BLMN)

Invesco Ltd. increased its holdings in shares of 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 (SEC). The fund owned 934,222 shares of the restaurant operator's stock after buying an additional 45,793 shares during the period. Invesco Ltd. owned 1.10% of Bloomin' Brands worth $11,407,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of BLMN. Headlands Technologies LLC acquired a new position in shares of Bloomin' Brands during the 4th quarter worth about $27,000. Meeder Asset Management Inc. bought a new position in Bloomin' Brands during the 4th quarter worth approximately $41,000. New Age Alpha Advisors LLC acquired a new position in Bloomin' Brands during the fourth quarter valued at approximately $45,000. GAMMA Investing LLC increased its stake in 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 purchasing an additional 4,198 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in Bloomin' Brands in the fourth quarter worth $140,000.

Analysts Set New Price Targets

BLMN has been the subject of several research analyst reports. StockNews.com raised shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a report on Friday, March 7th. Bank of America downgraded Bloomin' Brands from a "neutral" rating to an "underperform" rating and lowered their price target for the stock from $18.00 to $13.00 in a report on Monday, January 27th. BMO Capital Markets cut their price objective on Bloomin' Brands from $16.00 to $12.00 and set a "market perform" rating on the stock in a report on Thursday, February 27th. The Goldman Sachs Group lowered their target price on Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating for the company in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. cut their price target 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. Two analysts have rated the stock with a sell rating and ten have given a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $14.30.

Bloomin' Brands Stock Performance

Shares of BLMN stock opened at $8.55 on Wednesday. The firm has a market cap of $726.16 million, a PE ratio of -77.72 and a beta of 1.76. Bloomin' Brands, Inc. has a 12 month low of $6.09 and a 12 month high of $27.33. The company's fifty day simple moving average is $8.59 and its 200-day simple moving average is $11.76. 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 Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, March 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.02%. Bloomin' Brands's dividend payout ratio is -40.27%.

Insider Activity

In other news, EVP Patrick M. Hafner sold 9,555 shares of the 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is owned by corporate insiders.

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.

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