Factorial Partners LLC Has $794,000 Holdings in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Factorial Partners LLC increased its holdings in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 8.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 65,000 shares of the restaurant operator’s stock after buying an additional 5,000 shares during the quarter. Factorial Partners LLC owned 0.08% of Bloomin’ Brands worth $794,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in BLMN. Erste Asset Management GmbH acquired a new stake in Bloomin’ Brands during the 3rd quarter worth $41,325,000. FMR LLC raised its stake 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 buying an additional 356,456 shares during the period. Hotchkis & Wiley Capital Management LLC raised its stake in 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 buying an additional 254,570 shares during the period. Verition Fund Management LLC raised its stake in shares of Bloomin’ Brands by 43.3% in the 3rd quarter. Verition Fund Management LLC now owns 720,403 shares of the restaurant operator’s stock valued at $11,908,000 after purchasing an additional 217,832 shares during the period. Finally, Xcel Wealth Management LLC raised its stake in shares of Bloomin’ Brands by 70.2% in the 4th quarter. Xcel Wealth Management LLC now owns 422,114 shares of the restaurant operator’s stock valued at $5,154,000 after purchasing an additional 174,036 shares during the period.

Bloomin’ Brands Trading Down 6.4 %

Bloomin’ Brands stock opened at $9.38 on Friday. Bloomin’ Brands, Inc. has a 52 week low of $9.16 and a 52 week high of $30.13. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.22 and a current ratio of 0.31. The stock has a market capitalization of $795.83 million, a P/E ratio of -85.26 and a beta of 1.97. The stock has a 50-day simple moving average of $11.90 and a 200 day simple moving average of $14.28.

Bloomin’ Brands Cuts Dividend

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

Analyst Ratings Changes

Several research firms have issued reports on BLMN. The Goldman Sachs Group dropped their price target on Bloomin’ Brands from $13.00 to $10.00 and set a “sell” rating on the stock in a research note on Thursday. BMO Capital Markets dropped their price target on Bloomin’ Brands from $16.00 to $12.00 and set a “market perform” rating on the stock in a research note on Thursday. UBS Group dropped their price target 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. Barclays set a $11.00 price target on Bloomin’ Brands and gave the company an “equal weight” rating in a research note on Thursday. Finally, Raymond James downgraded Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. Two equities research 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, Bloomin’ Brands presently has an average rating of “Hold” and a consensus price target of $15.00.

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.