Bloomin' Brands, Inc. (NASDAQ:BLMN) Shares Purchased by Systematic Financial Management LP

Systematic Financial Management LP boosted its holdings in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 5.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 655,688 shares of the restaurant operator's stock after acquiring an additional 31,188 shares during the quarter. Systematic Financial Management LP owned 0.77% of Bloomin' Brands worth $8,006,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC raised its holdings in 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 purchasing an additional 49,723 shares during the period. Franklin Resources Inc. grew its position in Bloomin' Brands by 2.9% in the third 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 in the last quarter. Goldstone Financial Group LLC purchased a new stake in shares of Bloomin' Brands in the fourth quarter valued at $286,000. EMC Capital Management boosted its position in shares of Bloomin' Brands by 527,533.3% during the fourth quarter. EMC Capital Management now owns 15,829 shares of the restaurant operator's stock valued at $193,000 after buying an additional 15,826 shares during the period. Finally, Fruth Investment Management purchased a new position in shares of Bloomin' Brands during the fourth quarter valued at approximately $152,000.

Insider Transactions at Bloomin' Brands

In other Bloomin' Brands news, EVP Patrick M. Hafner sold 9,555 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $8.32, for a total value of $79,497.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.00% of the company's stock.

Analyst Ratings Changes

BLMN has been the subject of several research analyst reports. StockNews.com raised shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. BMO Capital Markets reduced their price target on Bloomin' Brands from $16.00 to $12.00 and set a "market perform" rating on the stock in a research report on Thursday, February 27th. Bank of America downgraded Bloomin' Brands from a "neutral" rating to an "underperform" rating and cut their target price for the company from $18.00 to $13.00 in a research report on Monday, January 27th. UBS Group cut their target price on Bloomin' Brands from $13.00 to $8.50 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Finally, The Goldman Sachs Group cut their price target on Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating on the stock in a research report on Thursday, February 27th. Two analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $13.75.

Bloomin' Brands Price Performance

BLMN traded down $0.39 during trading on Tuesday, reaching $8.01. The company's stock had a trading volume of 2,376,334 shares, compared to its average volume of 2,049,494. 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 firm has a fifty day simple moving average of $7.83 and a two-hundred day simple moving average of $10.65. Bloomin' Brands, Inc. has a 1 year low of $6.09 and a 1 year high of $23.30. The company has a market cap of $680.30 million, a price-to-earnings ratio of -72.81 and a beta of 1.30.

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

Bloomin' Brands Dividend Announcement

The business also recently disclosed 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 7.49%. The ex-dividend date is Tuesday, May 20th. Bloomin' Brands's dividend payout ratio is presently -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.