Julie T. Kunkel Buys 1,500 Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) Stock

Bloomin’ Brands, Inc. (NASDAQ:BLMN) Director Julie T. Kunkel acquired 1,500 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average price of $9.94 per share, for a total transaction of $14,910.00. Following the purchase, the director now owns 3,565 shares of the company’s stock, valued at $35,436.10. The trade was a 72.64 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Bloomin’ Brands Trading Up 5.0 %

Shares of BLMN stock opened at $8.65 on Thursday. The stock has a market capitalization of $734.65 million, a price-to-earnings ratio of -78.63 and a beta of 1.97. Bloomin’ Brands, Inc. has a 1 year low of $8.00 and a 1 year high of $30.13. The company’s fifty day simple moving average is $11.66 and its two-hundred day simple moving average is $14.04. 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 Cuts Dividend

The company 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. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $0.60 annualized dividend and a dividend yield of 6.94%. Bloomin’ Brands’s payout ratio is currently -40.27%.

Analysts Set New Price Targets

Several research firms recently commented on BLMN. Raymond James downgraded Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. Bank of America downgraded Bloomin’ Brands from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $18.00 to $13.00 in a research note on Monday, January 27th. JPMorgan Chase & Co. dropped their price objective on Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. BMO Capital Markets dropped their price objective on 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. Finally, UBS Group dropped their price objective on Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $15.00.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Gladius Capital Management LP bought a new position in shares of Bloomin’ Brands in the third quarter worth $26,000. Headlands Technologies LLC bought a new position in shares of Bloomin’ Brands in the fourth quarter worth $27,000. Public Employees Retirement System of Ohio bought a new position in shares of Bloomin’ Brands in the fourth quarter worth $32,000. Meeder Asset Management Inc. bought a new position in shares of Bloomin’ Brands in the fourth quarter worth $41,000. Finally, New Age Alpha Advisors LLC bought a new position in shares of Bloomin’ Brands in the fourth quarter worth $45,000.

About Bloomin’ Brands

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.