Bloomin' Brands, Inc. (NASDAQ:BLMN) Shares Bought by Sei Investments Co.

Sei Investments Co. increased its holdings in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 86.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 381,248 shares of the restaurant operator's stock after acquiring an additional 176,240 shares during the quarter. Sei Investments Co. owned approximately 0.45% of Bloomin' Brands worth $4,655,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in shares of 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 acquiring an additional 147,895 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Bloomin' Brands by 0.4% in the 4th quarter. Victory Capital Management Inc. now owns 2,390,703 shares of the restaurant operator's stock valued at $29,190,000 after purchasing an additional 10,635 shares in the last quarter. American Century Companies Inc. grew its stake in shares of 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 during the last quarter. William Blair Investment Management LLC lifted its position in Bloomin' Brands by 1.1% in the fourth quarter. William Blair Investment Management LLC now owns 1,649,084 shares of the restaurant operator's stock valued at $20,135,000 after purchasing an additional 18,525 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Bloomin' Brands by 12.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,414,415 shares of the restaurant operator's stock valued at $17,270,000 after buying an additional 159,356 shares during the period.

Analyst Ratings Changes

Several brokerages have commented on BLMN. The Goldman Sachs Group lowered their price objective on shares of Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating for the company in a report on Thursday, February 27th. Barclays set a $11.00 price target on Bloomin' Brands and gave the company an "equal weight" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. reduced their target price on shares of Bloomin' Brands from $10.00 to $9.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Bank of America cut shares of Bloomin' Brands from a "neutral" rating to an "underperform" rating and decreased their target price for the stock from $18.00 to $13.00 in a research note on Monday, January 27th. Finally, StockNews.com raised Bloomin' Brands from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. Two investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $14.50.

Insider Activity at Bloomin' Brands

In related news, EVP Patrick M. Hafner sold 9,555 shares of Bloomin' Brands stock in a transaction on 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 document filed with the SEC, which is available through the SEC website. 3.00% of the stock is owned by corporate insiders.

Bloomin' Brands Trading Down 5.3 %

NASDAQ:BLMN traded down $0.36 during trading hours on Monday, reaching $6.44. 4,151,598 shares of the stock were exchanged, compared to its average volume of 1,864,112. The business has a 50-day moving average of $9.85 and a two-hundred day moving average of $12.53. 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 twelve month low of $6.14 and a twelve month high of $27.56. The company has a market capitalization of $546.96 million, a price-to-earnings ratio of -58.54 and a beta of 1.76.

Bloomin' Brands Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $0.60 annualized dividend and a dividend yield of 9.32%. Bloomin' Brands's dividend payout ratio is presently -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.