Landscape Capital Management L.L.C. cut its stake in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN – Free Report) by 43.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 434,485 shares of the restaurant operator’s stock after selling 333,062 shares during the quarter. Landscape Capital Management L.L.C. owned 0.51% of Bloomin’ Brands worth $2,681,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Quarry LP bought a new stake in shares of Bloomin’ Brands during the 4th quarter worth $25,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Bloomin’ Brands by 83,825.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,357 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 3,353 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new stake in shares of Bloomin’ Brands in the fourth quarter valued at $31,000. PNC Financial Services Group Inc. lifted its holdings in shares of Bloomin’ Brands by 44.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,431 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 1,662 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Bloomin’ Brands by 50.9% in the fourth quarter. GAMMA Investing LLC now owns 6,221 shares of the restaurant operator’s stock valued at $38,000 after purchasing an additional 2,099 shares in the last quarter.
Bloomin’ Brands Price Performance
Shares of NASDAQ:BLMN opened at $8.29 on Monday. The company has a current ratio of 0.26, a quick ratio of 0.19 and a debt-to-equity ratio of 1.89. Bloomin’ Brands, Inc. has a 1 year low of $5.19 and a 1 year high of $10.70. The business has a fifty day simple moving average of $7.11 and a 200 day simple moving average of $6.73. The firm has a market cap of $709.71 million, a price-to-earnings ratio of 33.16, a P/E/G ratio of 2.22 and a beta of 1.21.
Analyst Ratings Changes
BLMN has been the subject of a number of research analyst reports. Sanford C. Bernstein set a $9.00 target price on Bloomin’ Brands in a report on Thursday, May 7th. Weiss Ratings lowered Bloomin’ Brands from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. UBS Group increased their target price on Bloomin’ Brands from $6.00 to $9.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Barclays increased their target price on Bloomin’ Brands from $7.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Finally, Citigroup increased their target price on Bloomin’ Brands from $6.75 to $9.50 and gave the company a “neutral” rating in a report on Thursday, May 7th. Seven research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Bloomin’ Brands currently has a consensus rating of “Reduce” and a consensus price target of $8.78.
Read Our Latest Research Report on BLMN
Bloomin’ Brands Company Profile
Bloomin’ Brands, Inc engages in the ownership, operation and franchising of casual dining restaurants worldwide. The company’s portfolio includes five full-service restaurant chains: Outback Steakhouse, known for its Australian-inspired steakhouse concept; Carrabba’s Italian Grill, offering Italian-American cuisine; Bonefish Grill, specializing in handcrafted seafood dishes; Fleming’s Prime Steakhouse & Wine Bar, focusing on premium steak and wine experiences; and Aussie Grill by Outback, featuring a streamlined menu of signature items.
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