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

Alberta Investment Management Corp cut its holdings in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 61.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,599 shares of the restaurant operator’s stock after selling 127,900 shares during the period. Alberta Investment Management Corp’s holdings in Bloomin’ Brands were worth $996,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BLMN. Gladius Capital Management LP purchased a new position in shares of Bloomin’ Brands in the third quarter worth $26,000. KBC Group NV increased its holdings in Bloomin’ Brands by 79.1% in 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 during the last quarter. GAMMA Investing LLC lifted its stake in Bloomin’ Brands by 606.6% in the 4th quarter. GAMMA Investing LLC now owns 4,890 shares of the restaurant operator’s stock worth $60,000 after purchasing an additional 4,198 shares in the last quarter. Entropy Technologies LP bought a new position in shares of Bloomin’ Brands during the 4th quarter valued at about $140,000. Finally, Fruth Investment Management bought a new position in shares of Bloomin’ Brands during the 4th quarter valued at about $152,000.

Bloomin’ Brands Trading Down 1.4 %

Shares of BLMN opened at $11.84 on Friday. The company’s fifty day simple moving average is $12.02 and its 200-day simple moving average is $14.43. The company has a market cap of $1.00 billion, a P/E ratio of -107.63 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, Inc. has a twelve month low of $10.85 and a twelve month high of $30.13.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Barclays reaffirmed an “equal weight” rating and issued a $13.00 target price (down from $19.00) on shares of Bloomin’ Brands in a report on Tuesday, January 7th. UBS Group decreased their price objective on Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Bank of America lowered shares of Bloomin’ Brands from a “neutral” rating to an “underperform” rating and cut their target price for the company from $18.00 to $13.00 in a report on Monday, January 27th. StockNews.com upgraded shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Piper Sandler lowered their price objective on shares of Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, November 11th. Two research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. According to data from MarketBeat, Bloomin’ Brands presently has a consensus rating of “Hold” and a consensus price target of $16.30.

About 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.