Mutual of America Capital Management LLC lessened its position in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 94.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,439 shares of the restaurant operator's stock after selling 183,529 shares during the period. Mutual of America Capital Management LLC's holdings in Bloomin' Brands were worth $140,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Gladius Capital Management LP purchased a new position in shares of Bloomin' Brands during the third quarter valued at approximately $26,000. KBC Group NV raised its holdings in shares of Bloomin' Brands by 79.1% during the third quarter. KBC Group NV now owns 3,371 shares of the restaurant operator's stock valued at $56,000 after purchasing an additional 1,489 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Bloomin' Brands by 606.6% during 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 during the last quarter. Entropy Technologies LP purchased a new position in shares of Bloomin' Brands during the fourth quarter valued at approximately $140,000. Finally, Fruth Investment Management purchased a new position in shares of Bloomin' Brands during the fourth quarter valued at approximately $152,000.
Analyst Upgrades and Downgrades
BLMN has been the subject of a number of research reports. BMO Capital Markets reduced their target price on shares of Bloomin' Brands from $16.00 to $12.00 and set a "market perform" rating for the company in a report on Thursday, February 27th. UBS Group reduced their target price 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. StockNews.com raised shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a report on Friday, March 7th. The Goldman Sachs Group reduced their price objective on shares of 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, Barclays set a $11.00 price objective on shares of Bloomin' Brands and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $14.60.
Check Out Our Latest Research Report on BLMN
Insider Activity
In related news, EVP Patrick M. Hafner sold 9,555 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were 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 SEC, which is accessible through this link. Insiders own 3.00% of the company's stock.
Bloomin' Brands Price Performance
Shares of NASDAQ:BLMN traded up $0.35 during midday trading on Friday, reaching $8.55. 2,373,544 shares of the company were exchanged, compared to its average volume of 1,724,309. Bloomin' Brands, Inc. has a one year low of $8.00 and a one year high of $29.10. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 4.46. The business's fifty day moving average is $11.25 and its two-hundred day moving average is $13.69. The stock has a market cap of $726.16 million, a PE ratio of -77.72 and a beta of 2.04.
Bloomin' Brands Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 7.02%. The ex-dividend date is Tuesday, March 11th. Bloomin' Brands's dividend payout ratio is currently -40.27%.
About Bloomin' Brands
(
Free Report)
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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