Mitsubishi UFJ Trust & Banking Corp Has $2.50 Million Position in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 25.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 204,388 shares of the restaurant operator’s stock after acquiring an additional 42,110 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.24% of Bloomin’ Brands worth $2,496,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. FMR LLC grew its stake in Bloomin’ Brands by 34.8% in the third quarter. FMR LLC now owns 1,381,150 shares of the restaurant operator’s stock valued at $22,830,000 after purchasing an additional 356,456 shares in the last quarter. A&I Financial Services LLC bought a new stake in shares of Bloomin’ Brands in the 4th quarter valued at approximately $343,000. Barclays PLC grew its stake 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 valued at $3,621,000 after buying an additional 49,723 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in Bloomin’ Brands by 58.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 691,585 shares of the restaurant operator’s stock worth $11,432,000 after buying an additional 254,570 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Bloomin’ Brands by 12.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,414,415 shares of the restaurant operator’s stock valued at $17,270,000 after acquiring an additional 159,356 shares in the last quarter.

Bloomin’ Brands Stock Down 3.2 %

BLMN opened at $7.17 on Tuesday. The business has a 50 day moving average of $10.36 and a 200-day moving average of $12.87. The stock has a market capitalization of $608.96 million, a price-to-earnings ratio of -65.18 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, Inc. has a 1-year low of $7.16 and a 1-year high of $29.10.

Bloomin’ Brands Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th were given a $0.15 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $0.60 annualized dividend and a yield of 8.37%. Bloomin’ Brands’s dividend payout ratio is -40.27%.

Analysts Set New Price Targets

Several brokerages have recently commented on BLMN. Barclays set a $11.00 price target on shares of Bloomin’ Brands and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. cut their target price on Bloomin’ Brands from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. 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. StockNews.com raised Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Friday, March 7th. Finally, The Goldman Sachs Group reduced their target price on 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 assigned a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $14.50.

Insider Transactions at Bloomin’ Brands

In related news, EVP Patrick M. Hafner sold 9,555 shares of Bloomin’ Brands stock in a transaction dated 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 filing with the SEC, which is available through the SEC website. Insiders own 3.00% of the company’s stock.

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.