Julie T. Kunkel Acquires 1,500 Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) Stock

Bloomin’ Brands, Inc. (NASDAQ:BLMN) Director Julie T. Kunkel acquired 1,500 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were purchased at an average price of $9.94 per share, for a total transaction of $14,910.00. Following the purchase, the director now directly owns 3,565 shares of the company’s stock, valued at approximately $35,436.10. This trade represents a 72.64 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Bloomin’ Brands Stock Down 2.4 %

Bloomin’ Brands stock traded down $0.20 during midday trading on Tuesday, hitting $8.24. The stock had a trading volume of 4,762,115 shares, compared to its average volume of 1,680,561. The business has a fifty day moving average price of $11.79 and a 200 day moving average price of $14.14. Bloomin’ Brands, Inc. has a 12 month low of $8.00 and a 12 month high of $30.13. The stock has a market cap of $699.83 million, a P/E ratio of -74.90 and a beta of 1.97. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 4.46.

Bloomin’ Brands Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 7.28%. The ex-dividend date of this dividend is Tuesday, March 11th. Bloomin’ Brands’s dividend payout ratio (DPR) is presently -40.27%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Bank of America lowered shares of Bloomin’ Brands from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $18.00 to $13.00 in a report on Monday, January 27th. Barclays set a $11.00 price objective on shares of Bloomin’ Brands and gave the company an “equal weight” rating in a research report on Thursday, February 27th. Piper Sandler dropped their target price on Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, November 11th. BMO Capital Markets reduced their price target on Bloomin’ Brands from $16.00 to $12.00 and set a “market perform” rating for the company in a report on Thursday, February 27th. Finally, Raymond James lowered Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. Two research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $15.00.

Institutional Trading of Bloomin’ Brands

Several institutional investors have recently added to or reduced their stakes in the business. Verdence Capital Advisors LLC boosted its holdings in shares of Bloomin’ Brands by 6.6% in the 3rd quarter. Verdence Capital Advisors LLC now owns 12,676 shares of the restaurant operator’s stock valued at $210,000 after buying an additional 780 shares during the period. Franklin Resources Inc. lifted its holdings in Bloomin’ Brands by 2.9% in the third quarter. Franklin Resources Inc. now owns 50,007 shares of the restaurant operator’s stock worth $773,000 after acquiring an additional 1,392 shares during the last quarter. KBC Group NV boosted its stake in Bloomin’ Brands by 79.1% in the third quarter. KBC Group NV now owns 3,371 shares of the restaurant operator’s stock valued at $56,000 after acquiring an additional 1,489 shares during the period. Gladius Capital Management LP bought a new position in shares of Bloomin’ Brands during the third quarter valued at approximately $26,000. Finally, Headlands Technologies LLC bought a new position in shares of Bloomin’ Brands during the fourth quarter valued at approximately $27,000.

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.