Bank of America Corp DE Has $3.67 Million Holdings in Bloomin' Brands, Inc. (NASDAQ:BLMN)

Bank of America Corp DE lessened its stake in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 53.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 300,632 shares of the restaurant operator's stock after selling 344,789 shares during the quarter. Bank of America Corp DE owned 0.35% of Bloomin' Brands worth $3,671,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. A&I Financial Services LLC bought a new position in Bloomin' Brands during the 4th quarter worth about $343,000. Barclays PLC boosted its position in shares of Bloomin' Brands by 29.4% during the third 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. boosted its position in shares of Bloomin' Brands by 12.7% during the fourth 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. grew its holdings in shares of Bloomin' Brands by 86.0% during the fourth 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 in the last quarter. Finally, Skylands Capital LLC acquired a new stake in Bloomin' Brands in the 4th quarter valued at approximately $1,407,000.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. BMO Capital Markets lowered their price target on shares of 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. UBS Group reduced their price objective on shares of Bloomin' Brands from $13.00 to $8.50 and set a "neutral" rating for the company in a research note on Monday, May 5th. JPMorgan Chase & Co. decreased their price objective on Bloomin' Brands from $10.00 to $9.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Finally, Barclays reduced their price target on Bloomin' Brands from $9.00 to $8.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. Based on data from MarketBeat.com, Bloomin' Brands currently has a consensus rating of "Hold" and an average target price of $13.75.

Bloomin' Brands Stock Performance

BLMN traded up $0.34 during trading hours on Wednesday, reaching $7.89. The company's stock had a trading volume of 467,500 shares, compared to its average volume of 2,609,614. The company's 50-day moving average is $7.73 and its 200-day moving average is $10.16. Bloomin' Brands, Inc. has a 52 week low of $6.09 and a 52 week high of $21.45. The firm has a market cap of $670.11 million, a PE ratio of -71.72 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 (NASDAQ:BLMN - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.04 billion. During the same quarter in the previous year, the company posted $0.70 earnings per share. The business's revenue was down 1.8% on a year-over-year basis. On average, equities analysts forecast 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 given a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.60%. Bloomin' Brands's payout ratio is -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.