Sei Investments Co. Buys 184,591 Shares of Bloomin' Brands Inc (BLMN)

Sei Investments Co. lifted its stake in shares of Bloomin' Brands Inc (NASDAQ:BLMN) by 63.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 477,526 shares of the restaurant operator’s stock after acquiring an additional 184,591 shares during the quarter. Sei Investments Co.’s holdings in Bloomin' Brands were worth $39,103,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of BLMN. PNC Financial Services Group Inc. increased its holdings in Bloomin' Brands by 83.2% in the second quarter. PNC Financial Services Group Inc. now owns 7,647 shares of the restaurant operator’s stock valued at $162,000 after buying an additional 3,472 shares during the last quarter. Voya Investment Management LLC increased its holdings in Bloomin' Brands by 9.6% in the second quarter. Voya Investment Management LLC now owns 47,376 shares of the restaurant operator’s stock valued at $1,006,000 after buying an additional 4,164 shares during the last quarter. Stifel Financial Corp increased its holdings in Bloomin' Brands by 0.9% in the second quarter. Stifel Financial Corp now owns 13,997 shares of the restaurant operator’s stock valued at $297,000 after buying an additional 126 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Bloomin' Brands by 150.5% in the second quarter. Goldman Sachs Group Inc. now owns 439,394 shares of the restaurant operator’s stock valued at $9,328,000 after buying an additional 263,978 shares during the last quarter. Finally, State Street Corp boosted its stake in Bloomin' Brands by 2.3% in the second quarter. State Street Corp now owns 2,163,384 shares of the restaurant operator’s stock valued at $45,931,000 after acquiring an additional 48,043 shares in the last quarter.

In other news, EVP David Peter Schmidt sold 3,500 shares of the stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $22.50, for a total transaction of $78,750.00. Following the completion of the sale, the executive vice president now owns 7,916 shares in the company, valued at $178,110. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Christopher W. Brandt sold 25,000 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $20.47, for a total transaction of $511,750.00. Following the sale, the executive vice president now owns 4,416 shares of the company’s stock, valued at approximately $90,395.52. The disclosure for this sale can be found here. Insiders have sold 453,678 shares of company stock valued at $9,480,949 in the last quarter. Insiders own 7.04% of the company’s stock.

Several equities analysts have issued reports on the stock. Raymond James Financial downgraded shares of Bloomin' Brands from an “outperform” rating to a “market perform” rating and set a $24.00 price objective for the company. in a research note on Wednesday, December 6th. Citigroup downgraded shares of Bloomin' Brands to a “market perform” rating in a research note on Wednesday, December 6th. ValuEngine upgraded shares of Bloomin' Brands from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Barclays restated an “overweight” rating and issued a $25.00 price objective (up previously from $21.00) on shares of Bloomin' Brands in a research note on Tuesday, January 16th. Finally, BidaskClub downgraded shares of Bloomin' Brands from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $22.10.

Shares of Bloomin' Brands Inc (NASDAQ BLMN) opened at $21.24 on Thursday. Bloomin' Brands Inc has a 12 month low of $16.11 and a 12 month high of $22.96. The firm has a market cap of $1,892.93, a PE ratio of 27.58, a PEG ratio of 1.54 and a beta of 0.50. The company has a current ratio of 0.36, a quick ratio of 0.29 and a debt-to-equity ratio of 31.17.

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Bloomin' Brands Company Profile

Bloomin’ Brands, Inc is a holding company. The Company owns and operates casual, upscale casual and fine dining restaurants. The Company operates through two segments: U.S. and International. The U.S. segment includes all brands operating in the United States. The International segment includes brands operating outside the United States.

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Institutional Ownership by Quarter for Bloomin' Brands (NASDAQ:BLMN)

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