Bloomin' Brands, Inc. (NASDAQ:BLMN) Stake Lifted by Invesco Ltd.

Invesco Ltd. lifted its position in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 5.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 934,222 shares of the restaurant operator's stock after purchasing an additional 45,793 shares during the quarter. Invesco Ltd. owned about 1.10% of Bloomin' Brands worth $11,407,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. A&I Financial Services LLC acquired a new position in shares of Bloomin' Brands in the 4th quarter valued at approximately $343,000. Barclays PLC raised its position 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 valued at $3,621,000 after purchasing an additional 49,723 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Bloomin' Brands by 12.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,414,415 shares of the restaurant operator's stock valued at $17,270,000 after purchasing an additional 159,356 shares in the last quarter. Sei Investments Co. raised its position in shares of Bloomin' Brands by 86.0% in the 4th quarter. Sei Investments Co. now owns 381,248 shares of the restaurant operator's stock valued at $4,655,000 after purchasing an additional 176,240 shares in the last quarter. Finally, Skylands Capital LLC acquired a new position in shares of Bloomin' Brands in the 4th quarter valued at approximately $1,407,000.

Bloomin' Brands Stock Performance

NASDAQ BLMN traded up $0.17 on Monday, hitting $8.26. The stock had a trading volume of 1,861,519 shares, compared to its average volume of 1,956,088. Bloomin' Brands, Inc. has a one year low of $6.09 and a one year high of $27.09. 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 stock has a market cap of $701.53 million, a price-to-earnings ratio of -75.08 and a beta of 1.76. The company's 50-day moving average is $8.32 and its two-hundred day moving average is $11.53.

Bloomin' Brands Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 7.26%. The ex-dividend date was Tuesday, March 11th. Bloomin' Brands's dividend payout ratio (DPR) is -40.27%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BLMN shares. JPMorgan Chase & Co. cut their target price on Bloomin' Brands from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. The Goldman Sachs Group reduced their price objective on Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating on the stock in a research note on Thursday, February 27th. UBS Group lowered their target price on shares of Bloomin' Brands from $16.00 to $13.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. BMO Capital Markets reduced 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 report on Thursday, February 27th. Finally, Bank of America downgraded shares of Bloomin' Brands from a "neutral" rating to an "underperform" rating and lowered their price objective for the company from $18.00 to $13.00 in a research report on Monday, January 27th. Two equities research 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.com, the company presently has a consensus rating of "Hold" and an average price target of $14.30.

Insiders Place Their Bets

In other news, EVP Patrick M. Hafner sold 9,555 shares of the stock in a transaction that occurred 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 Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by insiders.

Bloomin' Brands Company 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.