OLD National Bancorp IN lowered its position in Bloomin' Brands Inc (NASDAQ:BLMN) by 20.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,695 shares of the restaurant operator’s stock after selling 5,200 shares during the period. OLD National Bancorp IN’s holdings in Bloomin' Brands were worth $421,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado acquired a new stake in shares of Bloomin' Brands in the 4th quarter worth approximately $118,000. New York State Teachers Retirement System acquired a new stake in shares of Bloomin' Brands in the 3rd quarter worth approximately $153,000. PNC Financial Services Group Inc. grew its holdings in shares of Bloomin' Brands by 83.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,647 shares of the restaurant operator’s stock worth $162,000 after acquiring an additional 3,472 shares during the period. Boothbay Fund Management LLC acquired a new stake in shares of Bloomin' Brands in the 3rd quarter worth approximately $181,000. Finally, Meeder Asset Management Inc. grew its holdings in shares of Bloomin' Brands by 317.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 10,608 shares of the restaurant operator’s stock worth $187,000 after acquiring an additional 8,064 shares during the period.
A number of equities research analysts recently weighed in on BLMN shares. BidaskClub upgraded Bloomin' Brands from a “hold” rating to a “buy” rating in a report on Friday, January 5th. ValuEngine upgraded Bloomin' Brands from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded Bloomin' Brands from a “sell” rating to a “hold” rating in a report on Thursday, January 18th. Jefferies Group restated a “hold” rating and issued a $23.00 price target on shares of Bloomin' Brands in a report on Friday, December 22nd. Finally, Raymond James Financial cut Bloomin' Brands from an “outperform” rating to a “market perform” rating and set a $24.00 price target on the stock. in a report on Wednesday, December 6th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. Bloomin' Brands has an average rating of “Hold” and a consensus price target of $22.10.
In other Bloomin' Brands news, EVP Christopher W. Brandt sold 25,000 shares of the stock in a transaction on 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 in the company, valued at approximately $90,395.52. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP David Peter Schmidt sold 3,500 shares of the stock in a transaction on Friday, January 12th. The shares were sold at an average price of $22.50, for a total value of $78,750.00. Following the sale, the executive vice president now owns 7,916 shares in the company, valued at approximately $178,110. The disclosure for this sale can be found here. In the last quarter, insiders have sold 453,678 shares of company stock worth $9,480,949. 7.04% of the stock is owned by insiders.
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About Bloomin' Brands
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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