Bloomin’ Brands, Inc. (NASDAQ:BLMN) Shares Sold by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC trimmed its stake in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 7.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 88,676 shares of the restaurant operator’s stock after selling 7,026 shares during the period. Keeley Teton Advisors LLC’s holdings in Bloomin’ Brands were worth $1,083,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BLMN. Stifel Financial Corp boosted its holdings in shares of Bloomin’ Brands by 22.9% in the third quarter. Stifel Financial Corp now owns 19,186 shares of the restaurant operator’s stock worth $317,000 after buying an additional 3,574 shares during the period. Barclays PLC boosted its stake 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% during the 3rd quarter. Franklin Resources Inc. now owns 50,007 shares of the restaurant operator’s stock worth $773,000 after purchasing an additional 1,392 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Bloomin’ Brands by 6.2% in the third quarter. Principal Financial Group Inc. now owns 2,529,130 shares of the restaurant operator’s stock valued at $41,806,000 after purchasing an additional 147,895 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Bloomin’ Brands by 606.6% in the fourth quarter. GAMMA Investing LLC now owns 4,890 shares of the restaurant operator’s stock worth $60,000 after buying an additional 4,198 shares during the period.

Insider Activity

In other news, EVP Patrick M. Hafner sold 9,555 shares of the stock in a transaction on 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 Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. 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 note on Thursday, February 27th. Barclays set a $11.00 target price on shares of Bloomin’ Brands and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. StockNews.com upgraded Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Friday, March 7th. JPMorgan Chase & Co. dropped 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. Finally, The Goldman Sachs Group cut their price objective on shares of 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 research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $14.50.

Bloomin’ Brands Price Performance

NASDAQ:BLMN opened at $7.57 on Wednesday. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.22. The stock has a market cap of $642.93 million, a P/E ratio of -68.81 and a beta of 1.76. The company has a fifty day moving average price of $8.96 and a 200 day moving average price of $12.05. Bloomin’ Brands, Inc. has a one year low of $6.09 and a one year high of $27.33.

Bloomin’ Brands Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 7.93%. The ex-dividend date of this dividend was Tuesday, March 11th. Bloomin’ Brands’s payout ratio is presently -40.27%.

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.