Alberta Investment Management Corp Sells 127,900 Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Alberta Investment Management Corp cut its holdings in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 61.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,599 shares of the restaurant operator’s stock after selling 127,900 shares during the period. Alberta Investment Management Corp owned approximately 0.10% of Bloomin’ Brands worth $996,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Rye Brook Capital LLC boosted its holdings in shares of Bloomin’ Brands by 2.1% during the 4th quarter. Rye Brook Capital LLC now owns 167,700 shares of the restaurant operator’s stock valued at $2,048,000 after acquiring an additional 3,500 shares during the last quarter. Rhumbline Advisers boosted its holdings in Bloomin’ Brands by 1.3% in the fourth quarter. Rhumbline Advisers now owns 238,093 shares of the restaurant operator’s stock worth $2,907,000 after purchasing an additional 2,977 shares during the last quarter. Entropy Technologies LP purchased a new stake in Bloomin’ Brands in the fourth quarter worth approximately $140,000. Fruth Investment Management bought a new stake in Bloomin’ Brands in the 4th quarter worth approximately $152,000. Finally, EMC Capital Management raised its stake in Bloomin’ Brands by 527,533.3% during the 4th quarter. EMC Capital Management now owns 15,829 shares of the restaurant operator’s stock valued at $193,000 after buying an additional 15,826 shares during the last quarter.

Bloomin’ Brands Price Performance

Shares of NASDAQ:BLMN opened at $11.84 on Friday. The company has a market capitalization of $1.00 billion, a P/E ratio of -107.63 and a beta of 1.97. Bloomin’ Brands, Inc. has a 1-year low of $10.85 and a 1-year high of $30.13. The firm’s 50 day simple moving average is $12.02 and its two-hundred day simple moving average is $14.43. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.22.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Raymond James downgraded Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. cut their price target on Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday, November 12th. Barclays reaffirmed an “equal weight” rating and set a $13.00 price target (down previously from $19.00) on shares of Bloomin’ Brands in a research report on Tuesday, January 7th. UBS Group dropped their price objective on shares of Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Finally, Piper Sandler reduced their target price on shares of Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, November 11th. Two analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. According to MarketBeat.com, Bloomin’ Brands presently has an average rating of “Hold” and a consensus price target of $16.30.

Bloomin’ Brands 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.