WINTON GROUP Ltd Grows Stock Holdings in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

WINTON GROUP Ltd grew its stake in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 120.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,662 shares of the restaurant operator’s stock after acquiring an additional 49,081 shares during the period. WINTON GROUP Ltd owned 0.11% of Bloomin’ Brands worth $1,095,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Intech Investment Management LLC bought a new position in Bloomin’ Brands in the third quarter worth approximately $339,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Bloomin’ Brands by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,255,059 shares of the restaurant operator’s stock worth $20,746,000 after buying an additional 70,925 shares during the period. D.A. Davidson & CO. bought a new position in shares of Bloomin’ Brands during the 3rd quarter worth $402,000. FMR LLC increased its stake in shares of Bloomin’ Brands by 34.8% during the third quarter. FMR LLC now owns 1,381,150 shares of the restaurant operator’s stock valued at $22,830,000 after buying an additional 356,456 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of Bloomin’ Brands in the third quarter valued at about $294,000.

Bloomin’ Brands Trading Down 8.0 %

Shares of NASDAQ:BLMN opened at $7.41 on Friday. The business’s 50-day moving average is $10.44 and its 200 day moving average is $12.98. 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 $7.37 and a 1 year high of $29.10. The firm has a market capitalization of $629.34 million, a P/E ratio of -67.36 and a beta of 2.04.

Bloomin’ Brands Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 8.10%. The ex-dividend date was Tuesday, March 11th. Bloomin’ Brands’s payout ratio is currently -40.27%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BLMN. Barclays set a $11.00 target price on shares of Bloomin’ Brands and gave the stock an “equal weight” rating in a report on Thursday, February 27th. BMO Capital Markets dropped their price objective on shares of Bloomin’ Brands from $16.00 to $12.00 and set a “market perform” rating on the stock in a research note on Thursday, February 27th. Bank of America downgraded shares of Bloomin’ Brands from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $18.00 to $13.00 in a research note on Monday, January 27th. The Goldman Sachs Group dropped their target price on Bloomin’ Brands from $13.00 to $10.00 and set a “sell” rating on the stock in a research report on Thursday, February 27th. Finally, UBS Group reduced their price target on Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. According to MarketBeat.com, Bloomin’ Brands currently has an average rating of “Hold” and a consensus target price of $14.50.

Insider Buying and Selling

In related news, EVP Patrick M. Hafner sold 9,555 shares of the company’s 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 can be accessed through this hyperlink. 3.00% of the stock is owned by company insiders.

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.