Landscape Capital Management L.L.C. Acquires New Holdings in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Landscape Capital Management L.L.C. bought a new position in Bloomin’ Brands, Inc. (NASDAQ:BLMN) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 38,634 shares of the restaurant operator’s stock, valued at approximately $472,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BLMN. American Century Companies Inc. raised its stake in Bloomin’ Brands by 565.9% during the 4th quarter. American Century Companies Inc. now owns 1,791,366 shares of the restaurant operator’s stock worth $21,873,000 after buying an additional 1,522,370 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings 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 acquiring an additional 1,442,964 shares in the last quarter. ExodusPoint Capital Management LP bought a new stake in shares of Bloomin’ Brands in the fourth quarter worth about $5,289,000. Franklin Resources Inc. raised its position in shares of 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 purchasing an additional 405,003 shares during the period. Finally, FMR LLC lifted its holdings in shares of Bloomin’ Brands by 34.8% during the 3rd quarter. FMR LLC now owns 1,381,150 shares of the restaurant operator’s stock valued at $22,830,000 after purchasing an additional 356,456 shares in the last quarter.

Bloomin’ Brands Stock Performance

BLMN opened at $6.44 on Tuesday. The business’s 50-day simple moving average is $9.85 and its 200 day simple moving average is $12.53. Bloomin’ Brands, Inc. has a 52-week low of $6.12 and a 52-week high of $27.56. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.22 and a current ratio of 0.31. The firm has a market capitalization of $546.96 million, a PE ratio of -58.54 and a beta of 1.76.

Bloomin’ Brands Cuts Dividend

The business 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 9.32%. The ex-dividend date was Tuesday, March 11th. Bloomin’ Brands’s dividend payout ratio is currently -40.27%.

Analyst Upgrades and Downgrades

BLMN has been the topic of several research analyst reports. Barclays set a $11.00 target price on shares of Bloomin’ Brands and gave the stock an “equal weight” rating in a report on Thursday, February 27th. The Goldman Sachs Group dropped their price objective on shares of Bloomin’ Brands from $13.00 to $10.00 and set a “sell” rating on the stock in a report on Thursday, February 27th. Bank of America lowered shares of 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. StockNews.com raised Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. Finally, BMO Capital Markets reduced their price objective on Bloomin’ Brands from $16.00 to $12.00 and set a “market perform” rating for the company in a research report on Thursday, February 27th. Two analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. Based on data from MarketBeat.com, Bloomin’ Brands has a consensus rating of “Hold” and an average target price of $14.50.

Insider Activity

In other 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 value of $79,497.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by insiders.

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.