Jane Street Group LLC Lowers Stake in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Jane Street Group LLC lowered its position in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 78.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 153,781 shares of the restaurant operator’s stock after selling 560,044 shares during the quarter. Jane Street Group LLC owned 0.18% of Bloomin’ Brands worth $1,878,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in BLMN. Schonfeld Strategic Advisors LLC boosted its stake in Bloomin’ Brands by 8,666.6% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 1,568,253 shares of the restaurant operator’s stock worth $19,148,000 after purchasing an additional 1,550,364 shares during the period. American Century Companies Inc. boosted its stake in Bloomin’ Brands by 565.9% in the 4th quarter. American Century Companies Inc. now owns 1,791,366 shares of the restaurant operator’s stock worth $21,873,000 after purchasing an additional 1,522,370 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Bloomin’ Brands by 385.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,817,145 shares of the restaurant operator’s stock worth $22,187,000 after purchasing an additional 1,442,964 shares during the period. Marshall Wace LLP boosted its stake in Bloomin’ Brands by 483.0% in the 4th quarter. Marshall Wace LLP now owns 1,225,608 shares of the restaurant operator’s stock worth $14,965,000 after purchasing an additional 1,015,372 shares during the period. Finally, ExodusPoint Capital Management LP bought a new position in Bloomin’ Brands in the 4th quarter worth approximately $5,289,000.

Bloomin’ Brands Stock Performance

NASDAQ:BLMN opened at $8.81 on Friday. The stock’s fifty day moving average is $7.85 and its 200 day moving average is $10.76. Bloomin’ Brands, Inc. has a fifty-two week low of $6.09 and a fifty-two week high of $23.50. The firm has a market capitalization of $748.24 million, a PE ratio of -80.08 and a beta of 1.30. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.22 and a current ratio of 0.31.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings results on Wednesday, May 7th. The restaurant operator reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.02. Bloomin’ Brands had a positive return on equity of 62.18% and a negative net margin of 0.12%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the firm posted $0.70 EPS. Bloomin’ Brands’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Bloomin’ Brands, Inc. will post 1.8 earnings per share for the current year.

Bloomin’ Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.60 dividend on an annualized basis and a yield of 6.81%. Bloomin’ Brands’s payout ratio is -2,000.00%.

Insiders Place Their Bets

In other Bloomin’ Brands news, EVP Patrick M. Hafner sold 9,555 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $8.32, for a total value of $79,497.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Bank of America cut Bloomin’ Brands from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $18.00 to $13.00 in a report on Monday, January 27th. Barclays decreased their price objective on Bloomin’ Brands from $9.00 to $8.00 and set an “equal weight” rating on the stock in a report on Thursday, May 8th. JPMorgan Chase & Co. decreased their price objective on Bloomin’ Brands from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. UBS Group decreased their price objective on Bloomin’ Brands from $13.00 to $8.50 and set a “neutral” rating on the stock in a report on Monday, May 5th. Finally, StockNews.com raised Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Friday, March 7th. Two investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $13.75.

Bloomin’ Brands Company 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.