Occudo Quantitative Strategies LP Decreases Stock Holdings in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Occudo Quantitative Strategies LP reduced its position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 9.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,258 shares of the restaurant operator’s stock after selling 2,314 shares during the period. Occudo Quantitative Strategies LP’s holdings in Bloomin’ Brands were worth $284,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. lifted its position in shares of Bloomin’ Brands by 0.4% during the 4th quarter. Victory Capital Management Inc. now owns 2,390,703 shares of the restaurant operator’s stock worth $29,190,000 after purchasing an additional 10,635 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Bloomin’ Brands by 385.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,817,145 shares of the restaurant operator’s stock worth $22,187,000 after purchasing an additional 1,442,964 shares during the last quarter. American Century Companies Inc. lifted its position in shares of 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 purchasing an additional 1,522,370 shares during the last quarter. William Blair Investment Management LLC lifted its position in shares of Bloomin’ Brands by 1.1% during the 4th quarter. William Blair Investment Management LLC now owns 1,649,084 shares of the restaurant operator’s stock worth $20,135,000 after purchasing an additional 18,525 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its position in shares of Bloomin’ Brands by 8,666.6% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 1,568,253 shares of the restaurant operator’s stock worth $19,148,000 after purchasing an additional 1,550,364 shares during the last quarter.

Insider Transactions at Bloomin’ Brands

In other news, EVP Patrick M. Hafner sold 9,555 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $8.32, for a total transaction of $79,497.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.00% of the company’s stock.

Bloomin’ Brands Trading Down 2.7%

NASDAQ BLMN opened at $8.81 on Friday. 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 cap of $748.24 million, a PE ratio of -80.08 and a beta of 1.30. Bloomin’ Brands, Inc. has a one year low of $6.09 and a one year high of $23.97. The firm’s fifty day moving average is $7.85 and its two-hundred day moving average is $10.81.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings data on Wednesday, May 7th. The restaurant operator reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. Bloomin’ Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. Bloomin’ Brands’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.70 earnings per share. Analysts expect that Bloomin’ Brands, Inc. will post 1.8 earnings per share for the current year.

Bloomin’ Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.81%. Bloomin’ Brands’s dividend payout ratio (DPR) is -2,000.00%.

Analyst Ratings Changes

BLMN has been the subject of several recent analyst reports. Bank of America cut shares of Bloomin’ Brands from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $18.00 to $13.00 in a research report on Monday, January 27th. The Goldman Sachs Group reduced their price target on shares of Bloomin’ Brands from $13.00 to $10.00 and set a “sell” rating for the company in a research report on Thursday, February 27th. UBS Group reduced their price target on shares of Bloomin’ Brands from $13.00 to $8.50 and set a “neutral” rating for the company in a research report on Monday, May 5th. BMO Capital Markets reduced their price target on shares of 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. Finally, Barclays reduced their price target on shares of Bloomin’ Brands from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $13.75.

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.