Hsbc Holdings PLC Purchases 40,282 Shares of Bloomin' Brands, Inc. (NASDAQ:BLMN)

Hsbc Holdings PLC grew its position in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 301.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,632 shares of the restaurant operator's stock after purchasing an additional 40,282 shares during the period. Hsbc Holdings PLC owned about 0.06% of Bloomin' Brands worth $652,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. A&I Financial Services LLC acquired a new position in shares of Bloomin' Brands during the 4th quarter valued at about $343,000. Barclays PLC increased its position in Bloomin' Brands by 29.4% in the 3rd quarter. Barclays PLC now owns 219,080 shares of the restaurant operator's stock worth $3,621,000 after buying an additional 49,723 shares during the period. Charles Schwab Investment Management Inc. increased its position in Bloomin' Brands by 12.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,414,415 shares of the restaurant operator's stock worth $17,270,000 after buying an additional 159,356 shares during the period. Sei Investments Co. increased its position in Bloomin' Brands by 86.0% in the 4th quarter. Sei Investments Co. now owns 381,248 shares of the restaurant operator's stock worth $4,655,000 after buying an additional 176,240 shares during the period. Finally, Skylands Capital LLC bought a new position in Bloomin' Brands in the 4th quarter worth approximately $1,407,000.

Insider Transactions at Bloomin' Brands

In related 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 transaction of $79,497.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

BLMN has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their price target on Bloomin' Brands from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. BMO Capital Markets dropped their price target on Bloomin' Brands from $16.00 to $12.00 and set a "market perform" rating on the stock in a research report on Thursday, February 27th. The Goldman Sachs Group decreased their price objective on Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating on the stock in a report on Thursday, February 27th. Bank of America lowered Bloomin' Brands from a "neutral" rating to an "underperform" rating and decreased their price objective for the stock from $18.00 to $13.00 in a report on Monday, January 27th. Finally, Barclays decreased their price objective on Bloomin' Brands from $9.00 to $8.00 and set an "equal weight" rating on the stock in a report on Thursday. Two research analysts have rated the stock with a sell rating and ten have given a hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $13.75.

Bloomin' Brands Price Performance

BLMN stock traded down $0.03 during trading on Friday, hitting $7.30. The company had a trading volume of 3,526,678 shares, compared to its average volume of 2,007,656. The company has a fifty day moving average price of $7.85 and a two-hundred day moving average price of $11.00. 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 company has a market cap of $620.00 million, a P/E ratio of -66.36 and a beta of 1.30. Bloomin' Brands, Inc. has a fifty-two week low of $6.09 and a fifty-two week high of $24.50.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The restaurant operator reported $0.59 EPS for the quarter, beating the consensus estimate of $0.57 by $0.02. The business had revenue of $1.05 billion for 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 quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.70 EPS. Equities research analysts expect that Bloomin' Brands, Inc. will post 1.8 earnings per share for the current fiscal year.

Bloomin' Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.22%. Bloomin' Brands's payout ratio is currently -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.