Bloomin' Brands, Inc. (NASDAQ:BLMN) Stock Position Reduced by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. trimmed its holdings in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 17.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,401,629 shares of the restaurant operator's stock after selling 491,196 shares during the period. Deprince Race & Zollo Inc. owned about 2.83% of Bloomin' Brands worth $29,324,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

BLMN has been the topic of several recent analyst reports. Bank of America downgraded Bloomin' Brands from a "neutral" rating to an "underperform" rating and reduced their target price for the stock from $18.00 to $13.00 in a research report on Monday, January 27th. The Goldman Sachs Group decreased 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 report on Thursday, February 27th. UBS Group dropped their price target on shares of Bloomin' Brands from $13.00 to $8.50 and set a "neutral" rating for the company in a research report on Monday, May 5th. StockNews.com raised shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Barclays lowered their price objective on shares of Bloomin' Brands from $9.00 to $8.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. Based on data from MarketBeat, Bloomin' Brands has a consensus rating of "Hold" and an average target price of $13.75.

Bloomin' Brands Stock Down 5.4%

NASDAQ:BLMN traded down $0.48 during mid-day trading on Tuesday, hitting $8.33. The company had a trading volume of 1,713,739 shares, compared to its average volume of 2,022,229. The business has a fifty day simple moving average of $7.85 and a 200-day simple moving average of $10.95. The firm has a market capitalization of $707.48 million, a price-to-earnings ratio of -75.72 and a beta of 1.30. Bloomin' Brands, Inc. has a 1 year low of $6.09 and a 1 year high of $24.50. 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 released its quarterly earnings results on Wednesday, May 7th. The restaurant operator reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. Bloomin' Brands had a positive return on equity of 62.18% and a negative net margin of 0.12%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the company posted $0.70 EPS. Bloomin' Brands's revenue for the quarter was down 1.8% on a year-over-year basis. Equities analysts forecast that Bloomin' Brands, Inc. will post 1.8 earnings per share for the current fiscal year.

Bloomin' Brands Dividend Announcement

The firm 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.20%. The ex-dividend date of this dividend is Tuesday, May 20th. Bloomin' Brands's payout ratio is -2,000.00%.

Insider Buying and Selling

In other Bloomin' Brands news, EVP Patrick M. Hafner sold 9,555 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $8.32, for a total transaction of $79,497.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.00% of the company's stock.

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.