Hussman Strategic Advisors Inc. acquired a new position in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 52,500 shares of the restaurant operator's stock, valued at approximately $641,000. Hussman Strategic Advisors Inc. owned 0.06% of Bloomin' Brands as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Verdence Capital Advisors LLC boosted its position in Bloomin' Brands by 6.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 12,676 shares of the restaurant operator's stock valued at $210,000 after acquiring an additional 780 shares in the last quarter. Franklin Resources Inc. boosted its position in Bloomin' Brands by 2.9% during the 3rd quarter. Franklin Resources Inc. now owns 50,007 shares of the restaurant operator's stock valued at $773,000 after acquiring an additional 1,392 shares in the last quarter. KBC Group NV boosted its position in Bloomin' Brands by 79.1% during the 3rd 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 in the last quarter. Gladius Capital Management LP bought a new stake in Bloomin' Brands during the 3rd quarter valued at $26,000. Finally, Farther Finance Advisors LLC boosted its position in Bloomin' Brands by 17.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 15,521 shares of the restaurant operator's stock valued at $257,000 after acquiring an additional 2,289 shares in the last quarter.
NASDAQ BLMN traded down $0.17 during mid-day trading on Friday, hitting $11.84. The stock had a trading volume of 1,608,689 shares, compared to its average volume of 1,576,998. The firm's 50 day moving average is $12.02 and its 200 day moving average is $14.43. Bloomin' Brands, Inc. has a twelve month low of $10.85 and a twelve month high of $30.13. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.22. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of -107.63 and a beta of 1.97.
BLMN has been the subject of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on Bloomin' Brands in a research report on Thursday, December 5th. They issued a "sell" rating and a $13.00 price objective for the company. UBS Group reduced their target price on Bloomin' Brands from $16.00 to $13.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. JPMorgan Chase & Co. reduced their price objective 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 target price (down from $19.00) on shares of Bloomin' Brands in a research note on Tuesday, January 7th. Finally, Bank of America downgraded Bloomin' Brands from a "neutral" rating to an "underperform" rating and reduced their target price for the stock from $18.00 to $13.00 in a research note on Monday, January 27th. Two research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. According to MarketBeat.com, Bloomin' Brands currently has an average rating of "Hold" and a consensus target price of $16.30.
Get Our Latest Stock Analysis on 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.
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