Bloomin' Brands, Inc. (NASDAQ:BLMN) Shares Bought by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC lifted its holdings in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 8,666.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,568,253 shares of the restaurant operator's stock after buying an additional 1,550,364 shares during the period. Schonfeld Strategic Advisors LLC owned about 1.85% of Bloomin' Brands worth $19,148,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Barclays PLC lifted its position in Bloomin' Brands by 29.4% in the third quarter. Barclays PLC now owns 219,080 shares of the restaurant operator's stock worth $3,621,000 after buying an additional 49,723 shares during the last quarter. Franklin Resources Inc. lifted its holdings 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 last quarter. Principal Financial Group Inc. lifted its holdings in shares of Bloomin' Brands by 6.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,529,130 shares of the restaurant operator's stock worth $41,806,000 after acquiring an additional 147,895 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Bloomin' Brands by 606.6% during the 4th quarter. GAMMA Investing LLC now owns 4,890 shares of the restaurant operator's stock worth $60,000 after purchasing an additional 4,198 shares during the period. Finally, Goldstone Financial Group LLC bought a new position in Bloomin' Brands during the 4th quarter valued at about $286,000.

Bloomin' Brands Stock Up 1.1 %

NASDAQ:BLMN traded up $0.09 during mid-day trading on Friday, reaching $8.09. The company's stock had a trading volume of 2,054,009 shares, compared to its average volume of 1,967,843. 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 market capitalization of $687.09 million, a PE ratio of -73.54 and a beta of 1.76. The stock has a fifty day moving average of $8.01 and a 200-day moving average of $11.37. Bloomin' Brands, Inc. has a 1 year low of $6.09 and a 1 year high of $25.89.

Bloomin' Brands Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.42%. Bloomin' Brands's dividend payout ratio is presently -40.27%.

Analysts Set New Price Targets

Several brokerages have issued reports on BLMN. BMO Capital Markets decreased their price objective on shares of Bloomin' Brands from $16.00 to $12.00 and set a "market perform" rating for the company in a research note on Thursday, February 27th. The Goldman Sachs Group dropped their price objective on Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating for the company in a report on Thursday, February 27th. StockNews.com upgraded Bloomin' Brands from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. 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. Finally, Barclays reduced their price target on shares of Bloomin' Brands from $11.00 to $9.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $14.30.

Insider Activity

In other Bloomin' Brands 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 Securities & Exchange Commission, which is accessible through this link. 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.