Systematic Financial Management LP Has $8.01 Million Stock Holdings in Bloomin' Brands, Inc. (NASDAQ:BLMN)

Systematic Financial Management LP lifted its holdings in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 655,688 shares of the restaurant operator's stock after buying an additional 31,188 shares during the period. Systematic Financial Management LP owned about 0.77% of Bloomin' Brands worth $8,006,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC bought a new position in shares of Bloomin' Brands during the fourth quarter valued at approximately $27,000. Meeder Asset Management Inc. purchased a new position in shares of Bloomin' Brands in the 4th quarter valued at approximately $41,000. New Age Alpha Advisors LLC acquired a new stake in Bloomin' Brands in the 4th quarter worth approximately $45,000. Entropy Technologies LP acquired a new stake in shares of Bloomin' Brands during the fourth quarter worth $140,000. Finally, AlphaQuest LLC grew its stake in Bloomin' Brands by 63,457.9% during the 4th quarter. AlphaQuest LLC now owns 12,076 shares of the restaurant operator's stock valued at $147,000 after purchasing an additional 12,057 shares during the last quarter.

Bloomin' Brands Price Performance

Shares of NASDAQ:BLMN traded down $0.29 on Friday, hitting $7.43. The company had a trading volume of 510,840 shares, compared to its average volume of 2,051,035. The company has a market cap of $630.61 million, a PE ratio of -67.31 and a beta of 1.30. 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, Inc. has a 52-week low of $6.09 and a 52-week high of $22.34. The business has a 50 day moving average of $7.80 and a 200 day moving average of $10.57.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The restaurant operator reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.02. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.70 EPS. As a group, equities analysts anticipate 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. The ex-dividend date is Tuesday, May 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.08%. Bloomin' Brands's payout ratio is currently -2,000.00%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BLMN. The Goldman Sachs Group reduced their price target on Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating for the company in a research report on Thursday, February 27th. Wall Street Zen raised shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a report on Friday, March 7th. Barclays lowered their price target on shares of Bloomin' Brands from $9.00 to $8.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. 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 note on Monday, January 27th. Finally, BMO Capital Markets lowered their price target on 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. Two analysts have rated the stock with a sell rating and ten have given a hold rating to the company's stock. According to data from MarketBeat, Bloomin' Brands has a consensus rating of "Hold" and an average target price of $13.75.

Insider Activity

In other Bloomin' Brands news, EVP Patrick M. Hafner sold 9,555 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were 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 can be accessed through the SEC website. Corporate insiders own 3.00% of the company's stock.

Bloomin' Brands 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.