Mork Capital Management LLC Cuts Holdings in Bloomin' Brands, Inc. (NASDAQ:BLMN)

Mork Capital Management LLC trimmed its holdings in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 41.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,000 shares of the restaurant operator's stock after selling 35,140 shares during the period. Mork Capital Management LLC owned about 0.06% of Bloomin' Brands worth $610,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in shares of Bloomin' Brands in the fourth quarter valued at $27,000. Meeder Asset Management Inc. bought a new position in shares of Bloomin' Brands in the fourth quarter valued at $41,000. New Age Alpha Advisors LLC bought a new position in shares of Bloomin' Brands in the fourth quarter valued at $45,000. GAMMA Investing LLC lifted its stake in shares of Bloomin' Brands by 606.6% in the fourth quarter. GAMMA Investing LLC now owns 4,890 shares of the restaurant operator's stock valued at $60,000 after buying an additional 4,198 shares in the last quarter. Finally, Entropy Technologies LP bought a new position in shares of Bloomin' Brands in the fourth quarter valued at $140,000.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BLMN shares. Barclays dropped their price objective on shares of Bloomin' Brands from $9.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. Bank of America lowered shares of Bloomin' Brands from a "neutral" rating to an "underperform" rating and dropped their price target for the company from $18.00 to $13.00 in a research report on Monday, January 27th. UBS Group dropped their price target on shares of Bloomin' Brands from $13.00 to $8.50 and set a "neutral" rating on the stock in a research report on Monday, May 5th. JPMorgan Chase & Co. dropped their price target on shares of Bloomin' Brands from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Finally, The Goldman Sachs Group dropped their price target on shares of Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating on the stock in a research report on Thursday, February 27th. Two 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 presently has a consensus rating of "Hold" and a consensus target price of $13.75.

Insider Activity

In other news, EVP Patrick M. Hafner sold 9,555 shares of the business's stock in a transaction that occurred 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 at the SEC website. Insiders own 3.00% of the company's stock.

Bloomin' Brands Stock Performance

BLMN stock traded down $0.24 during mid-day trading on Friday, hitting $8.81. The company had a trading volume of 2,123,843 shares, compared to its average volume of 2,039,160. The firm has a market cap of $748.24 million, a PE ratio of -80.08 and a beta of 1.30. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.22 and a current ratio of 0.31. Bloomin' Brands, Inc. has a 12 month low of $6.09 and a 12 month high of $23.97. The stock's fifty day moving average price is $7.85 and its two-hundred day moving average price is $10.81.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The restaurant operator reported $0.59 EPS for the quarter, topping 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 negative net margin of 0.12% and a positive return on equity of 62.18%. The company's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.70 earnings per share. On average, analysts forecast that Bloomin' Brands, Inc. will post 1.8 earnings per share for the current fiscal year.

Bloomin' Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.81%. The ex-dividend date of this dividend is Tuesday, May 20th. Bloomin' Brands's dividend payout ratio (DPR) is currently -2,000.00%.

About Bloomin' Brands

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.