Jane Street Group LLC Cuts Position in Bloomin' Brands, Inc. (NASDAQ:BLMN)

Jane Street Group LLC reduced its position in shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 78.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 153,781 shares of the restaurant operator's stock after selling 560,044 shares during the quarter. Jane Street Group LLC owned about 0.18% of Bloomin' Brands worth $1,878,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of BLMN. Headlands Technologies LLC bought a new stake in Bloomin' Brands during the 4th quarter valued at $27,000. Meeder Asset Management Inc. bought a new stake in Bloomin' Brands during the 4th quarter valued at $41,000. New Age Alpha Advisors LLC bought a new stake in Bloomin' Brands during the 4th quarter valued at $45,000. Entropy Technologies LP bought a new stake in Bloomin' Brands during the 4th quarter valued at $140,000. Finally, AlphaQuest LLC boosted its position in Bloomin' Brands by 63,457.9% during the 4th quarter. AlphaQuest LLC now owns 12,076 shares of the restaurant operator's stock valued at $147,000 after acquiring an additional 12,057 shares in the last quarter.

Analyst Ratings Changes

BLMN has been the topic of several recent research reports. BMO Capital Markets dropped their target price on Bloomin' Brands from $16.00 to $12.00 and set a "market perform" rating on the stock in a research report on Thursday, February 27th. UBS Group dropped their target price on Bloomin' Brands from $13.00 to $8.50 and set a "neutral" rating on the stock in a research report on Monday, May 5th. The Goldman Sachs Group lowered their price objective on Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating for the company in a research report on Thursday, February 27th. Barclays lowered their price objective on Bloomin' Brands from $9.00 to $8.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. Finally, Bank of America cut Bloomin' Brands from a "neutral" rating to an "underperform" rating and lowered their price objective for the stock from $18.00 to $13.00 in a research report on Monday, January 27th. Two analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $13.75.

Bloomin' Brands Stock Down 4.6%

Shares of Bloomin' Brands stock traded down $0.39 during trading on Tuesday, reaching $8.01. The company's stock had a trading volume of 2,376,334 shares, compared to its average volume of 2,049,494. The company has a 50-day simple moving average of $7.83 and a two-hundred day simple moving average of $10.65. Bloomin' Brands, Inc. has a 1-year low of $6.09 and a 1-year high of $23.30. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 4.46. The company has a market cap of $680.30 million, a price-to-earnings ratio of -72.81 and a beta of 1.30.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The restaurant operator reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.02. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. Bloomin' Brands had a positive return on equity of 62.18% and a negative net margin of 0.12%. The company's revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.70 earnings per share. As a group, equities analysts forecast that Bloomin' Brands, Inc. will post 1.8 earnings per share for the current year.

Bloomin' Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.49%. The ex-dividend date of this dividend is Tuesday, May 20th. Bloomin' Brands's dividend payout ratio is presently -2,000.00%.

Insider Activity

In other news, EVP Patrick M. Hafner sold 9,555 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $8.32, for a total value of $79,497.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.00% of the company's stock.

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.