Mork Capital Management LLC Sells 35,140 Shares of Bloomin' Brands, Inc. (NASDAQ:BLMN)

Mork Capital Management LLC decreased its stake in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 41.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,000 shares of the restaurant operator's stock after selling 35,140 shares during the quarter. Mork Capital Management LLC owned about 0.06% of Bloomin' Brands worth $610,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. A&I Financial Services LLC acquired a new position in shares of Bloomin' Brands during the 4th quarter worth approximately $343,000. Barclays PLC increased its position in shares of Bloomin' Brands by 29.4% during the 3rd quarter. Barclays PLC now owns 219,080 shares of the restaurant operator's stock worth $3,621,000 after purchasing an additional 49,723 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of 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 worth $17,270,000 after purchasing an additional 159,356 shares during the last quarter. Sei Investments Co. increased its position in shares of Bloomin' Brands by 86.0% during the 4th quarter. Sei Investments Co. now owns 381,248 shares of the restaurant operator's stock worth $4,655,000 after purchasing an additional 176,240 shares during the last quarter. Finally, Skylands Capital LLC acquired a new position in shares of Bloomin' Brands during the 4th quarter worth approximately $1,407,000.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on BLMN shares. JPMorgan Chase & Co. decreased their target price on Bloomin' Brands from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. The Goldman Sachs Group decreased their target price on Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating on the stock in a report on Thursday, February 27th. Barclays decreased their target price on Bloomin' Brands from $9.00 to $8.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. BMO Capital Markets decreased their target price on Bloomin' Brands from $16.00 to $12.00 and set a "market perform" rating on the stock in a report on Thursday, February 27th. Finally, Bank of America lowered 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 report on Monday, January 27th. Two analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $13.75.

Bloomin' Brands Stock Performance

BLMN traded down $0.24 during trading on Friday, hitting $8.81. The stock had a trading volume of 2,123,843 shares, compared to its average volume of 2,041,189. The company has a 50 day moving average price of $7.85 and a 200-day moving average price of $10.76. The firm has a market cap of $748.24 million, a price-to-earnings ratio of -80.08 and a beta of 1.30. Bloomin' Brands, Inc. has a one year low of $6.09 and a one year high of $23.50. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.22.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last released its 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 firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. Bloomin' Brands had a positive return on equity of 62.18% and a negative net margin of 0.12%. The company's revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.70 EPS. As a group, research analysts predict that Bloomin' Brands, Inc. will post 1.8 EPS for the current year.

Bloomin' Brands Dividend Announcement

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 issued 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 6.81%. Bloomin' Brands's dividend payout ratio (DPR) is currently -2,000.00%.

Insider Transactions at Bloomin' Brands

In other news, EVP Patrick M. Hafner sold 9,555 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $8.32, for a total transaction of $79,497.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is owned by insiders.

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.