UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Holdings in Bloomin' Brands, Inc. (NASDAQ:BLMN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 73.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 148,931 shares of the restaurant operator's stock after selling 417,348 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.18% of Bloomin' Brands worth $2,462,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Gladius Capital Management LP acquired a new stake in Bloomin' Brands in the 3rd quarter valued at $26,000. KBC Group NV increased its stake 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 worth $56,000 after buying an additional 1,489 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Bloomin' Brands in the second quarter valued at approximately $111,000. Point72 DIFC Ltd acquired a new stake in shares of Bloomin' Brands in the second quarter valued at approximately $169,000. Finally, Dark Forest Capital Management LP acquired a new stake in shares of Bloomin' Brands during the second quarter worth $230,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on BLMN shares. Bank of America dropped their price target on Bloomin' Brands from $22.00 to $19.00 and set a "neutral" rating for the company in a research report on Tuesday, October 22nd. The Goldman Sachs Group began coverage on Bloomin' Brands in a research note on Thursday, December 5th. They issued a "sell" rating and a $13.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on Bloomin' Brands from $19.00 to $14.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 12th. Piper Sandler reduced their price objective on Bloomin' Brands from $20.00 to $16.00 and set a "neutral" rating on the stock in a research note on Monday, November 11th. Finally, Citigroup dropped their target price on Bloomin' Brands from $22.00 to $20.00 and set a "neutral" rating on the stock in a report on Monday, August 19th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $19.09.

Bloomin' Brands Trading Down 1.4 %

Shares of NASDAQ:BLMN traded down $0.18 during midday trading on Friday, hitting $12.27. The company had a trading volume of 1,401,607 shares, compared to its average volume of 1,535,913. Bloomin' Brands, Inc. has a 12 month low of $12.18 and a 12 month high of $30.13. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of -111.54 and a beta of 1.95. The firm has a fifty day simple moving average of $14.66 and a 200 day simple moving average of $16.94. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 4.46.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The restaurant operator reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.04 billion. Bloomin' Brands had a positive return on equity of 62.18% and a negative net margin of 0.12%. Bloomin' Brands's revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 EPS. On average, analysts predict that Bloomin' Brands, Inc. will post 1.8 EPS for the current year.

Bloomin' Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Monday, November 25th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 7.82%. The ex-dividend date was Monday, November 25th. Bloomin' Brands's dividend payout ratio is currently -872.65%.

Bloomin' Brands Profile

Bloomin' Brands, Inc, through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. The company operates through two segments, U.S. and International. Its restaurant portfolio has four concepts, including Outback Steakhouse, a casual steakhouse restaurant; Carrabba's Italian Grill, a casual Italian restaurant; Bonefish Grill; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.