Skylands Capital LLC Invests $1.41 Million in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Skylands Capital LLC bought a new position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 115,200 shares of the restaurant operator’s stock, valued at approximately $1,407,000. Skylands Capital LLC owned about 0.14% of Bloomin’ Brands as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BLMN. Principal Financial Group Inc. raised its holdings in Bloomin’ Brands by 6.2% during the third quarter. Principal Financial Group Inc. now owns 2,529,130 shares of the restaurant operator’s stock worth $41,806,000 after purchasing an additional 147,895 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in Bloomin’ Brands during the 3rd quarter worth $41,325,000. Jennison Associates LLC lifted its position in Bloomin’ Brands by 4.4% in the third quarter. Jennison Associates LLC now owns 1,411,200 shares of the restaurant operator’s stock valued at $23,327,000 after acquiring an additional 59,418 shares during the last quarter. FMR LLC boosted its stake in Bloomin’ Brands by 34.8% in the third quarter. FMR LLC now owns 1,381,150 shares of the restaurant operator’s stock valued at $22,830,000 after acquiring an additional 356,456 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Bloomin’ Brands by 6.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,255,059 shares of the restaurant operator’s stock worth $20,746,000 after purchasing an additional 70,925 shares during the last quarter.

Bloomin’ Brands Stock Performance

Bloomin’ Brands stock opened at $11.84 on Monday. Bloomin’ Brands, Inc. has a 52 week low of $10.85 and a 52 week high of $30.13. The stock has a fifty day moving average price of $12.02 and a 200 day moving average price of $14.39. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 4.46. The firm has a market capitalization of $1.00 billion, a P/E ratio of -107.63 and a beta of 1.97.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Barclays reissued an “equal weight” rating and issued a $13.00 target price (down from $19.00) on shares of Bloomin’ Brands in a report on Tuesday, January 7th. UBS Group reduced their price objective on Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Raymond James lowered shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. The Goldman Sachs Group started coverage on shares of Bloomin’ Brands in a research report on Thursday, December 5th. They issued a “sell” rating and a $13.00 price target for the company. Finally, StockNews.com raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $16.30.

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.