Advisors Asset Management Inc. Has $2.39 Million Stake in Bloomin’ Brands, Inc. $BLMN

Advisors Asset Management Inc. lowered its holdings in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 20.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 333,466 shares of the restaurant operator’s stock after selling 86,450 shares during the quarter. Advisors Asset Management Inc. owned 0.39% of Bloomin’ Brands worth $2,391,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of BLMN. Arrowstreet Capital Limited Partnership lifted its stake in Bloomin’ Brands by 32.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,732,038 shares of the restaurant operator’s stock valued at $23,523,000 after buying an additional 664,545 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Bloomin’ Brands by 123.1% during the first quarter. Millennium Management LLC now owns 2,299,778 shares of the restaurant operator’s stock worth $16,489,000 after acquiring an additional 1,268,988 shares during the period. Geode Capital Management LLC lifted its position in Bloomin’ Brands by 5.1% in the 2nd quarter. Geode Capital Management LLC now owns 1,937,737 shares of the restaurant operator’s stock valued at $16,685,000 after acquiring an additional 94,260 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Bloomin’ Brands by 4.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,048,497 shares of the restaurant operator’s stock valued at $7,518,000 after acquiring an additional 43,329 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Bloomin’ Brands by 8.8% in the 2nd quarter. Invesco Ltd. now owns 1,045,557 shares of the restaurant operator’s stock worth $9,002,000 after purchasing an additional 84,692 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BLMN shares. Weiss Ratings reissued a “sell (d)” rating on shares of Bloomin’ Brands in a research report on Monday, December 29th. Loop Capital set a $10.00 price objective on shares of Bloomin’ Brands in a report on Tuesday, December 16th. Zacks Research raised shares of Bloomin’ Brands from a “strong sell” rating to a “hold” rating in a research report on Friday, November 7th. Finally, The Goldman Sachs Group raised shares of Bloomin’ Brands from a “sell” rating to a “neutral” rating and set a $7.00 target price for the company in a research report on Friday, November 7th. Seven equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Bloomin’ Brands has a consensus rating of “Reduce” and an average price target of $8.64.

Bloomin’ Brands Stock Down 3.4%

Bloomin’ Brands stock opened at $6.25 on Monday. The company has a debt-to-equity ratio of 2.77, a current ratio of 0.45 and a quick ratio of 0.38. The company’s 50-day moving average is $6.85 and its 200-day moving average is $7.02. The firm has a market capitalization of $532.63 million, a PE ratio of -9.33 and a beta of 1.15. Bloomin’ Brands, Inc. has a fifty-two week low of $5.86 and a fifty-two week high of $12.47.

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.