Factorial Partners LLC Acquires 5,000 Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Factorial Partners LLC raised its position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 8.3% in the fourth quarter, HoldingsChannel reports. The fund owned 65,000 shares of the restaurant operator’s stock after acquiring an additional 5,000 shares during the period. Factorial Partners LLC’s holdings in Bloomin’ Brands were worth $794,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Xcel Wealth Management LLC boosted its holdings in shares of Bloomin’ Brands by 70.2% during the fourth quarter. Xcel Wealth Management LLC now owns 422,114 shares of the restaurant operator’s stock worth $5,154,000 after acquiring an additional 174,036 shares during the period. A&I Financial Services LLC bought a new stake in shares of Bloomin’ Brands during the fourth quarter worth approximately $343,000. Skylands Capital LLC bought a new stake in shares of Bloomin’ Brands during the fourth quarter worth approximately $1,407,000. Hussman Strategic Advisors Inc. bought a new stake in shares of Bloomin’ Brands during the fourth quarter worth approximately $641,000. Finally, Rye Brook Capital LLC boosted its holdings in shares of Bloomin’ Brands by 2.1% during the fourth quarter. Rye Brook Capital LLC now owns 167,700 shares of the restaurant operator’s stock worth $2,048,000 after acquiring an additional 3,500 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BLMN. Barclays set a $11.00 price objective on Bloomin’ Brands and gave the stock an “equal weight” rating in a report on Thursday. Bank of America cut Bloomin’ Brands from a “neutral” rating to an “underperform” rating and cut their price target for the company from $18.00 to $13.00 in a research note on Monday, January 27th. BMO Capital Markets cut their price target on Bloomin’ Brands from $16.00 to $12.00 and set a “market perform” rating for the company in a research note on Thursday. UBS Group cut their price target on Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Finally, Piper Sandler cut their price target on Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, November 11th. Two analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. According to MarketBeat.com, Bloomin’ Brands presently has an average rating of “Hold” and an average target price of $15.00.

Bloomin’ Brands Stock Down 6.4 %

Shares of BLMN opened at $9.38 on Friday. Bloomin’ Brands, Inc. has a one year low of $9.16 and a one year high of $30.13. The company has a market cap of $795.83 million, a P/E ratio of -85.26 and a beta of 1.97. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.22. The firm has a 50 day simple moving average of $11.90 and a two-hundred day simple moving average of $14.28.

Bloomin’ Brands Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $0.60 annualized dividend and a yield of 6.40%. Bloomin’ Brands’s dividend payout ratio is currently -40.27%.

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.