Bloomin' Brands, Inc. (NASDAQ:BLMN) Shares Purchased by Northern Trust Corp

Northern Trust Corp boosted its holdings in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 5.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 840,099 shares of the restaurant operator's stock after purchasing an additional 46,422 shares during the period. Northern Trust Corp owned approximately 0.99% of Bloomin' Brands worth $10,258,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of BLMN. Barclays PLC lifted its stake in shares of Bloomin' Brands by 29.4% in the 3rd quarter. Barclays PLC now owns 219,080 shares of the restaurant operator's stock worth $3,621,000 after acquiring an additional 49,723 shares during the period. Franklin Resources Inc. lifted its stake in shares of Bloomin' Brands by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 50,007 shares of the restaurant operator's stock worth $773,000 after acquiring an additional 1,392 shares during the period. Goldstone Financial Group LLC acquired a new stake in shares of Bloomin' Brands in the 4th quarter worth $286,000. EMC Capital Management lifted its stake in shares of Bloomin' Brands by 527,533.3% in the 4th quarter. EMC Capital Management now owns 15,829 shares of the restaurant operator's stock worth $193,000 after acquiring an additional 15,826 shares during the period. Finally, Fruth Investment Management acquired a new stake in shares of Bloomin' Brands in the 4th quarter worth $152,000.

Analyst Ratings Changes

BLMN has been the subject of several recent analyst reports. Bank of America cut shares of Bloomin' Brands from a "neutral" rating to an "underperform" rating and reduced their price objective for the company from $18.00 to $13.00 in a research note on Monday, January 27th. JPMorgan Chase & Co. lowered their price target on shares of Bloomin' Brands from $10.00 to $9.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Barclays lowered their price target on shares of Bloomin' Brands from $9.00 to $8.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. Wall Street Zen upgraded shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a report on Friday, March 7th. Finally, UBS Group lowered their target price on shares of Bloomin' Brands from $13.00 to $8.50 and set a "neutral" rating for the company in a report on Monday, May 5th. Two research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. Based on data from MarketBeat, Bloomin' Brands currently has an average rating of "Hold" and an average target price of $13.75.

Bloomin' Brands Stock Down 2.2%

Shares of NASDAQ BLMN traded down $0.17 during trading on Friday, reaching $7.54. 2,033,991 shares of the stock were exchanged, compared to its average volume of 2,058,359. The business's 50-day moving average price is $7.79 and its 200 day moving average price is $10.52. Bloomin' Brands, Inc. has a twelve month low of $6.09 and a twelve month high of $22.34. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 4.46. The company has a market capitalization of $640.38 million, a price-to-earnings ratio of -68.54 and a beta of 1.30.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last posted its earnings results on Wednesday, May 7th. The restaurant operator reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.02. Bloomin' Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The business had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.04 billion. During the same period in the previous year, the company posted $0.70 earnings per share. The business's revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, equities analysts forecast that Bloomin' Brands, Inc. will post 1.8 EPS for the current fiscal year.

Bloomin' Brands Dividend Announcement

The company 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. 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 7.96%. Bloomin' Brands's payout ratio is currently -2,000.00%.

Insider Activity at Bloomin' Brands

In related news, EVP Patrick M. Hafner sold 9,555 shares of the company's stock in a transaction 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 legal filing with the SEC, which can be accessed through this link. 3.00% of the stock is currently owned by corporate insiders.

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.