Sei Investments Co. Has $4.66 Million Stake in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Sei Investments Co. boosted its position in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 86.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 381,248 shares of the restaurant operator’s stock after purchasing an additional 176,240 shares during the period. Sei Investments Co. owned 0.45% of Bloomin’ Brands worth $4,655,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. American Century Companies Inc. raised its holdings in Bloomin’ Brands by 565.9% in the 4th quarter. American Century Companies Inc. now owns 1,791,366 shares of the restaurant operator’s stock valued at $21,873,000 after buying an additional 1,522,370 shares during the last quarter. FMR LLC boosted its holdings 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 acquiring an additional 356,456 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position 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 valued at $11,432,000 after purchasing an additional 254,570 shares during the period. Raymond James Financial Inc. bought a new position in Bloomin’ Brands during the 4th quarter worth approximately $2,882,000. Finally, Xcel Wealth Management LLC lifted its position 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 worth $5,154,000 after purchasing an additional 174,036 shares during the period.

Bloomin’ Brands Price Performance

Shares of NASDAQ BLMN opened at $7.82 on Thursday. 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 firm’s 50-day simple moving average is $10.19 and its 200 day simple moving average is $12.78. The stock has a market cap of $664.16 million, a price-to-earnings ratio of -71.08 and a beta of 2.04. Bloomin’ Brands, Inc. has a fifty-two week low of $7.08 and a fifty-two week high of $29.00.

Bloomin’ Brands Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, March 11th. This represents a $0.60 annualized dividend and a dividend yield of 7.67%. Bloomin’ Brands’s payout ratio is -40.27%.

Insider Buying and Selling

In other news, EVP Patrick M. Hafner sold 9,555 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $8.32, for a total value of $79,497.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BLMN shares. JPMorgan Chase & Co. decreased their price objective on shares of Bloomin’ Brands from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. UBS Group lowered their price objective 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 research note on Friday, March 7th. Bank of America cut Bloomin’ Brands from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $18.00 to $13.00 in a report on Monday, January 27th. Finally, BMO Capital Markets reduced their target price on Bloomin’ Brands from $16.00 to $12.00 and set a “market perform” rating for the company in a research note on Thursday, February 27th. Two research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $14.50.

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.