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

Landscape Capital Management L.L.C. acquired a new position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 38,634 shares of the restaurant operator’s stock, valued at approximately $472,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Headlands Technologies LLC acquired a new stake in shares of Bloomin’ Brands during the 4th quarter valued at about $27,000. Meeder Asset Management Inc. bought a new position in shares of Bloomin’ Brands during the 4th quarter worth approximately $41,000. New Age Alpha Advisors LLC bought a new position in shares of Bloomin’ Brands during the 4th quarter worth approximately $45,000. GAMMA Investing LLC boosted its stake in Bloomin’ Brands by 606.6% in the 4th quarter. GAMMA Investing LLC now owns 4,890 shares of the restaurant operator’s stock valued at $60,000 after buying an additional 4,198 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of Bloomin’ Brands in the 4th quarter valued at $140,000.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BLMN shares. StockNews.com raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Friday, March 7th. Bank of America cut Bloomin’ Brands from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $18.00 to $13.00 in a report on Monday, January 27th. JPMorgan Chase & Co. reduced their price objective on Bloomin’ Brands from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. BMO Capital Markets lowered their target price 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. Finally, The Goldman Sachs Group reduced their price target 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 given a hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $14.50.

Bloomin’ Brands Stock Performance

Bloomin’ Brands stock opened at $6.44 on Tuesday. Bloomin’ Brands, Inc. has a 1 year low of $6.12 and a 1 year high of $27.56. The company’s 50-day moving average is $9.85 and its two-hundred day moving average is $12.53. 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 company has a market cap of $546.96 million, a PE ratio of -58.54 and a beta of 1.76.

Bloomin’ Brands Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th were paid a $0.15 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $0.60 dividend on an annualized basis and a yield of 9.32%. Bloomin’ Brands’s payout ratio is presently -40.27%.

Insiders Place Their Bets

In other news, EVP Patrick M. Hafner sold 9,555 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $8.32, for a total value of $79,497.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company 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.