A&I Financial Services LLC Takes Position in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

A&I Financial Services LLC purchased a new stake in Bloomin’ Brands, Inc. (NASDAQ:BLMN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 28,085 shares of the restaurant operator’s stock, valued at approximately $343,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Gladius Capital Management LP bought a new position in shares of Bloomin’ Brands in the 3rd quarter valued at $26,000. KBC Group NV boosted its holdings in shares of Bloomin’ Brands by 79.1% during the 3rd quarter. KBC Group NV now owns 3,371 shares of the restaurant operator’s stock valued at $56,000 after acquiring an additional 1,489 shares in the last quarter. GAMMA Investing LLC boosted its holdings 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 valued at $60,000 after acquiring an additional 4,198 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Bloomin’ Brands during the 4th quarter valued at $140,000. Finally, Olympiad Research LP acquired a new stake in shares of Bloomin’ Brands during the 3rd quarter valued at $202,000.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BLMN shares. UBS Group cut their price objective on Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. BMO Capital Markets cut their price objective on Bloomin’ Brands from $16.00 to $12.00 and set a “market perform” rating on the stock in a report on Thursday. StockNews.com raised Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Wednesday. Bank of America downgraded Bloomin’ Brands from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $18.00 to $13.00 in a report on Monday, January 27th. Finally, Piper Sandler cut their target price on Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, November 11th. 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, Bloomin’ Brands presently has a consensus rating of “Hold” and a consensus target price of $15.00.

Bloomin’ Brands Stock Up 1.0 %

Shares of NASDAQ:BLMN opened at $10.00 on Friday. The company has a market capitalization of $848.01 million, a price-to-earnings ratio of -90.86 and a beta of 1.97. 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 business’s 50-day moving average is $11.94 and its 200-day moving average is $14.31. Bloomin’ Brands, Inc. has a 1 year low of $9.57 and a 1 year high of $30.13.

Bloomin’ Brands Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.00%. The ex-dividend date is Tuesday, March 11th. Bloomin’ Brands’s dividend payout ratio is -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.