Bryce Point Capital LLC Makes New Investment in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Bryce Point Capital LLC acquired a new position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 107,635 shares of the restaurant operator’s stock, valued at approximately $1,314,000. Bryce Point Capital LLC owned approximately 0.13% of Bloomin’ Brands as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its position in Bloomin’ Brands by 34.8% during the 3rd quarter. FMR LLC now owns 1,381,150 shares of the restaurant operator’s stock worth $22,830,000 after purchasing an additional 356,456 shares during the last quarter. A&I Financial Services LLC bought a new position in shares of Bloomin’ Brands in the fourth quarter valued at approximately $343,000. Barclays PLC boosted its holdings in shares of Bloomin’ Brands by 29.4% in the 3rd quarter. Barclays PLC now owns 219,080 shares of the restaurant operator’s stock worth $3,621,000 after buying an additional 49,723 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Bloomin’ Brands by 58.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 691,585 shares of the restaurant operator’s stock worth $11,432,000 after purchasing an additional 254,570 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Bloomin’ Brands by 12.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,414,415 shares of the restaurant operator’s stock worth $17,270,000 after purchasing an additional 159,356 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BLMN. Bank of America downgraded shares of Bloomin’ Brands from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $18.00 to $13.00 in a research note on Monday, January 27th. 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 research report on Thursday, February 27th. StockNews.com upgraded shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. decreased their price target on Bloomin’ Brands from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Finally, Barclays set a $11.00 price target on Bloomin’ Brands and gave the company an “equal weight” rating in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $14.50.

Insider Transactions at Bloomin’ Brands

In other Bloomin’ Brands news, EVP Patrick M. Hafner sold 9,555 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $8.32, for a total transaction of $79,497.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.00% of the company’s stock.

Bloomin’ Brands Stock Performance

NASDAQ BLMN opened at $7.69 on Wednesday. The stock has a 50-day moving average of $10.27 and a 200 day moving average of $12.81. Bloomin’ Brands, Inc. has a twelve month low of $7.08 and a twelve month high of $29.00. The stock has a market capitalization of $653.12 million, a price-to-earnings ratio of -69.90 and a beta of 2.04. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 4.46.

Bloomin’ Brands Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.80%. The ex-dividend date was Tuesday, March 11th. Bloomin’ Brands’s dividend payout ratio (DPR) is -40.27%.

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.