Mitsubishi UFJ Trust & Banking Corp Has $2.50 Million Stock Position in Bloomin' Brands, Inc. (NASDAQ:BLMN)

Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 25.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 204,388 shares of the restaurant operator's stock after purchasing an additional 42,110 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.24% of Bloomin' Brands worth $2,496,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of BLMN. Principal Financial Group Inc. lifted its position in Bloomin' Brands by 6.2% in the third quarter. Principal Financial Group Inc. now owns 2,529,130 shares of the restaurant operator's stock worth $41,806,000 after purchasing an additional 147,895 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Bloomin' Brands by 0.4% in the fourth quarter. Victory Capital Management Inc. now owns 2,390,703 shares of the restaurant operator's stock valued at $29,190,000 after buying an additional 10,635 shares during the period. American Century Companies Inc. boosted its stake in Bloomin' Brands by 565.9% during the fourth quarter. American Century Companies Inc. now owns 1,791,366 shares of the restaurant operator's stock valued at $21,873,000 after buying an additional 1,522,370 shares in the last quarter. William Blair Investment Management LLC grew its holdings in Bloomin' Brands by 1.1% during the fourth quarter. William Blair Investment Management LLC now owns 1,649,084 shares of the restaurant operator's stock worth $20,135,000 after acquiring an additional 18,525 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Bloomin' Brands by 12.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,414,415 shares of the restaurant operator's stock worth $17,270,000 after acquiring an additional 159,356 shares during the period.

Wall Street Analyst Weigh In

BLMN has been the subject of several research reports. JPMorgan Chase & Co. reduced their price objective on shares of Bloomin' Brands from $10.00 to $9.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Barclays set a $11.00 target price on shares of Bloomin' Brands and gave the stock an "equal weight" rating in a report on Thursday, February 27th. UBS Group dropped their price target on Bloomin' Brands from $16.00 to $13.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. The Goldman Sachs Group decreased their target price on Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating on the stock in a report on Thursday, February 27th. Finally, Bank of America lowered Bloomin' Brands from a "neutral" rating to an "underperform" rating and cut their target price for the stock from $18.00 to $13.00 in a research report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $14.50.

Insider Buying and Selling at Bloomin' Brands

In other Bloomin' Brands news, EVP Patrick M. Hafner sold 9,555 shares of the company'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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.00% of the company's stock.

Bloomin' Brands Stock Down 5.7 %

Bloomin' Brands stock traded down $0.41 during mid-day trading on Friday, hitting $6.80. The company's stock had a trading volume of 4,711,654 shares, compared to its average volume of 1,854,961. Bloomin' Brands, Inc. has a 52-week low of $6.45 and a 52-week high of $27.56. The company has a market cap of $577.53 million, a PE ratio of -61.81 and a beta of 2.04. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.22. The firm's 50 day moving average is $9.97 and its 200 day moving average is $12.63.

Bloomin' Brands Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th were given a $0.15 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $0.60 dividend on an annualized basis and a yield of 8.82%. Bloomin' Brands's payout ratio is -40.27%.

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.