Bloomin’ Brands, Inc. (NASDAQ:BLMN) Shares Sold by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. trimmed its stake in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 76.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 481,351 shares of the restaurant operator’s stock after selling 1,588,818 shares during the period. Balyasny Asset Management L.P.’s holdings in Bloomin’ Brands were worth $5,877,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BLMN. Headlands Technologies LLC acquired a new position in Bloomin’ Brands during the fourth quarter worth about $27,000. Meeder Asset Management Inc. purchased a new position in shares of Bloomin’ Brands during the 4th quarter worth approximately $41,000. New Age Alpha Advisors LLC acquired a new position in shares of Bloomin’ Brands during the 4th quarter worth approximately $45,000. GAMMA Investing LLC lifted its stake in Bloomin’ Brands by 606.6% in the 4th quarter. GAMMA Investing LLC now owns 4,890 shares of the restaurant operator’s stock valued at $60,000 after buying an additional 4,198 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in Bloomin’ Brands during the 4th quarter valued at $140,000.

Insider Buying and Selling at Bloomin’ Brands

In other Bloomin’ Brands news, EVP Patrick M. Hafner sold 9,555 shares of the firm’s stock in a transaction dated 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 legal filing with the SEC, which is accessible through this hyperlink. 3.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Barclays reduced their price objective on Bloomin’ Brands from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. decreased their price target on shares of Bloomin’ Brands from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Bank of America lowered shares of Bloomin’ Brands from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $18.00 to $13.00 in a research report on Monday, January 27th. UBS Group decreased their target price on shares of Bloomin’ Brands from $13.00 to $8.50 and set a “neutral” rating on the stock in a research report on Monday, May 5th. Finally, StockNews.com upgraded Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Friday, March 7th. Two analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.75.

Bloomin’ Brands Price Performance

BLMN opened at $7.30 on Friday. Bloomin’ Brands, Inc. has a twelve month low of $6.09 and a twelve month high of $24.50. The firm has a market cap of $620.00 million, a price-to-earnings ratio of -66.36 and a beta of 1.30. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 4.46. The company has a fifty day simple moving average of $7.85 and a 200 day simple moving average of $11.03.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings results on Wednesday, May 7th. The restaurant operator reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Bloomin’ Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.70 earnings per share. Equities research analysts expect that Bloomin’ Brands, Inc. will post 1.8 EPS for the current fiscal year.

Bloomin’ Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 20th. This represents a $0.60 annualized dividend and a dividend yield of 8.22%. Bloomin’ Brands’s dividend payout ratio is currently -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.