Patrick M. Hafner Sells 9,555 Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) Stock

Bloomin’ Brands, Inc. (NASDAQ:BLMN) EVP Patrick M. Hafner sold 9,555 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $8.32, for a total transaction of $79,497.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Bloomin’ Brands Price Performance

Shares of BLMN stock opened at $8.79 on Friday. The firm has a market cap of $746.54 million, a P/E ratio of -79.90 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. Bloomin’ Brands, Inc. has a 1-year low of $8.00 and a 1-year high of $30.13. The firm has a fifty day moving average of $11.51 and a two-hundred day moving average of $13.94.

Bloomin’ Brands Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.83%. The ex-dividend date of this dividend is Tuesday, March 11th. Bloomin’ Brands’s dividend payout ratio (DPR) is presently -40.27%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Gladius Capital Management LP acquired a new position in shares of Bloomin’ Brands in the 3rd quarter valued at about $26,000. Headlands Technologies LLC acquired a new position in shares of Bloomin’ Brands in the 4th quarter valued at about $27,000. Public Employees Retirement System of Ohio acquired a new position in shares of Bloomin’ Brands in the 4th quarter valued at about $32,000. Meeder Asset Management Inc. acquired a new position in shares of Bloomin’ Brands in the 4th quarter valued at about $41,000. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Bloomin’ Brands in the 4th quarter valued at about $45,000.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BLMN shares. JPMorgan Chase & Co. lowered their price target on shares of Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. StockNews.com raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Friday. BMO Capital Markets lowered 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 report on Thursday, February 27th. Piper Sandler lowered their price target on shares of Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, November 11th. Finally, The Goldman Sachs Group lowered their price target on shares of Bloomin’ Brands from $13.00 to $10.00 and set a “sell” rating for the company in a report on Thursday, February 27th. Two equities 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 company has a consensus rating of “Hold” and a consensus target price of $15.00.

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.