Marshall Wace LLP raised its position in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 483.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,225,608 shares of the restaurant operator's stock after buying an additional 1,015,372 shares during the period. Marshall Wace LLP owned about 1.44% of Bloomin' Brands worth $14,965,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. American Century Companies Inc. increased its position in shares of Bloomin' Brands by 565.9% during the fourth quarter. American Century Companies Inc. now owns 1,791,366 shares of the restaurant operator's stock worth $21,873,000 after purchasing an additional 1,522,370 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Bloomin' Brands by 385.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,817,145 shares of the restaurant operator's stock worth $22,187,000 after buying an additional 1,442,964 shares in the last quarter. ExodusPoint Capital Management LP purchased a new position in shares of Bloomin' Brands in the fourth quarter worth about $5,289,000. Franklin Resources Inc. boosted its position in Bloomin' Brands by 809.9% during the fourth quarter. Franklin Resources Inc. now owns 455,010 shares of the restaurant operator's stock worth $5,556,000 after acquiring an additional 405,003 shares during the last quarter. Finally, Prudential Financial Inc. grew its stake in Bloomin' Brands by 40.6% during the 4th quarter. Prudential Financial Inc. now owns 1,024,543 shares of the restaurant operator's stock valued at $12,510,000 after acquiring an additional 295,641 shares in the last quarter.
Bloomin' Brands Trading Down 2.4 %
NASDAQ BLMN traded down $0.20 during trading on Friday, hitting $8.09. The stock had a trading volume of 2,226,402 shares, compared to its average volume of 1,952,493. 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 $687.09 million, a PE ratio of -73.54 and a beta of 1.76. The firm has a 50 day moving average price of $8.40 and a 200 day moving average price of $11.63. Bloomin' Brands, Inc. has a twelve month low of $6.09 and a twelve month high of $27.29.
Bloomin' Brands Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.42%. The ex-dividend date was Tuesday, March 11th. Bloomin' Brands's dividend payout ratio (DPR) is currently -40.27%.
Insiders Place Their Bets
In other news, EVP Patrick M. Hafner sold 9,555 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $8.32, for a total transaction of $79,497.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 3.00% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on BLMN. UBS Group dropped their price target on Bloomin' Brands from $16.00 to $13.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. StockNews.com raised shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. BMO Capital Markets reduced their target price 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. Bank of America cut shares of Bloomin' Brands from a "neutral" rating to an "underperform" rating and dropped their price target for the company from $18.00 to $13.00 in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Bloomin' Brands from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Two research analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $14.30.
Check Out Our Latest Research Report on Bloomin' Brands
Bloomin' Brands Company Profile
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Free Report)
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.
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