Hussman Strategic Advisors Inc. Purchases New Holdings in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Hussman Strategic Advisors Inc. acquired a new stake in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 52,500 shares of the restaurant operator’s stock, valued at approximately $641,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BLMN. Gladius Capital Management LP bought a new stake in Bloomin’ Brands during the 3rd quarter valued at about $26,000. KBC Group NV increased its stake 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 purchasing an additional 1,489 shares in the last quarter. GAMMA Investing LLC increased its stake in Bloomin’ Brands by 606.6% during the 4th quarter. GAMMA Investing LLC now owns 4,890 shares of the restaurant operator’s stock valued at $60,000 after purchasing an additional 4,198 shares in the last quarter. Entropy Technologies LP bought a new stake in Bloomin’ Brands during the 4th quarter valued at about $140,000. Finally, Fruth Investment Management bought a new stake in Bloomin’ Brands during the 4th quarter valued at about $152,000.

Analyst Ratings Changes

A number of analysts have weighed in on BLMN shares. Raymond James lowered shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. Piper Sandler reduced 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 note on Monday, November 11th. Barclays restated an “equal weight” rating and set a $13.00 price objective (down from $19.00) on shares of Bloomin’ Brands in a research note on Tuesday, January 7th. JPMorgan Chase & Co. decreased their price objective on shares of Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. Finally, The Goldman Sachs Group started coverage on shares of Bloomin’ Brands in a report on Thursday, December 5th. They set a “sell” rating and a $13.00 price objective for the company. Two analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.30.

Bloomin’ Brands Stock Down 1.6 %

Shares of BLMN stock opened at $12.01 on Friday. Bloomin’ Brands, Inc. has a 12 month low of $10.85 and a 12 month high of $30.13. The stock has a market cap of $1.02 billion, a P/E ratio of -109.13 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. The company has a 50 day simple moving average of $12.03 and a two-hundred day simple moving average of $14.47.

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.