Bloomin' Brands, Inc. (NASDAQ:BLMN) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC grew its holdings in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 301.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,632 shares of the restaurant operator's stock after buying an additional 40,282 shares during the period. Hsbc Holdings PLC owned 0.06% of Bloomin' Brands worth $652,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in shares of Bloomin' Brands during the 4th quarter worth approximately $27,000. Meeder Asset Management Inc. acquired a new position in Bloomin' Brands during the fourth quarter worth $41,000. New Age Alpha Advisors LLC purchased a new stake in Bloomin' Brands in the 4th quarter valued at $45,000. GAMMA Investing LLC increased its stake in shares of Bloomin' Brands by 606.6% in the 4th quarter. GAMMA Investing LLC now owns 4,890 shares of the restaurant operator's stock worth $60,000 after acquiring an additional 4,198 shares during the last quarter. Finally, Entropy Technologies LP purchased a new position in shares of Bloomin' Brands during the 4th quarter worth $140,000.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BLMN shares. The Goldman Sachs Group reduced their target price on shares of Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating on the stock in a research note on Thursday, February 27th. UBS Group lowered their price objective on Bloomin' Brands from $13.00 to $8.50 and set a "neutral" rating for the company in a research report on Monday. BMO Capital Markets decreased their price target on Bloomin' Brands from $16.00 to $12.00 and set a "market perform" rating on the stock in a research note on Thursday, February 27th. JPMorgan Chase & Co. cut their price objective on Bloomin' Brands from $10.00 to $9.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Finally, StockNews.com raised shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. Two analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $13.75.

Insider Activity at Bloomin' Brands

In other 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 value of $79,497.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.00% of the company's stock.

Bloomin' Brands Stock Down 0.4 %

NASDAQ BLMN traded down $0.03 on Friday, hitting $7.30. 3,526,678 shares of the stock were exchanged, compared to its average volume of 2,004,315. Bloomin' Brands, Inc. has a fifty-two week low of $6.09 and a fifty-two week high of $24.50. The company has a 50-day moving average price of $7.87 and a 200-day moving average price of $11.12. The company has a market cap of $620.00 million, a PE ratio of -66.36 and a beta of 1.30. 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 (NASDAQ:BLMN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The restaurant operator reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.02. The company had revenue of $1.05 billion for the quarter, compared to analysts' expectations 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 period last year, the firm earned $0.70 earnings per share. Sell-side analysts anticipate that Bloomin' Brands, Inc. will post 1.8 EPS for the current fiscal year.

Bloomin' Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 8.22%. The ex-dividend date is Tuesday, May 20th. 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.