New York State Teachers Retirement System Sells 11,858 Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN)

New York State Teachers Retirement System cut its holdings in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 15.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,400 shares of the restaurant operator’s stock after selling 11,858 shares during the period. New York State Teachers Retirement System’s holdings in Bloomin’ Brands were worth $811,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BLMN. Barclays reaffirmed 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. StockNews.com raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, February 18th. The Goldman Sachs Group initiated coverage on shares of Bloomin’ Brands in a research note on Thursday, December 5th. They set a “sell” rating and a $13.00 price objective for the company. Raymond James cut shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. Finally, Piper Sandler reduced their price target on shares of Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, November 11th. Two 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.com, Bloomin’ Brands has a consensus rating of “Hold” and a consensus price target of $16.30.

Bloomin’ Brands Stock Down 1.4 %

Shares of Bloomin’ Brands stock opened at $11.84 on Monday. The company has a quick ratio of 0.22, a current ratio of 0.31 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. The company has a market cap of $1.00 billion, a price-to-earnings ratio of -107.63 and a beta of 1.97. The company’s 50 day moving average is $12.02 and its 200 day moving average is $14.39.

Bloomin’ Brands Profile

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.