Jump Financial LLC Has $208,000 Stake in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Jump Financial LLC cut its holdings in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 20.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,000 shares of the restaurant operator’s stock after selling 4,390 shares during the quarter. Jump Financial LLC’s holdings in Bloomin’ Brands were worth $208,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. A&I Financial Services LLC bought a new position in shares of Bloomin’ Brands in the fourth quarter valued at about $343,000. Barclays PLC raised its holdings in Bloomin’ Brands by 29.4% in the 3rd quarter. Barclays PLC now owns 219,080 shares of the restaurant operator’s stock valued at $3,621,000 after acquiring an additional 49,723 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Bloomin’ Brands by 12.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,414,415 shares of the restaurant operator’s stock worth $17,270,000 after acquiring an additional 159,356 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Bloomin’ Brands by 86.0% during the fourth quarter. Sei Investments Co. now owns 381,248 shares of the restaurant operator’s stock worth $4,655,000 after acquiring an additional 176,240 shares during the period. Finally, Skylands Capital LLC acquired a new position in shares of Bloomin’ Brands in the fourth quarter valued at approximately $1,407,000.

Bloomin’ Brands Price Performance

Shares of NASDAQ:BLMN opened at $8.09 on Monday. The firm has a market cap of $687.09 million, a PE ratio of -73.54 and a beta of 1.76. Bloomin’ Brands, Inc. has a 52 week low of $6.09 and a 52 week high of $27.09. The firm’s fifty day moving average is $8.40 and its 200-day moving average is $11.58. 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 Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 7.42%. The ex-dividend date of this dividend was Tuesday, March 11th. Bloomin’ Brands’s payout ratio is -40.27%.

Analyst Ratings Changes

Several analysts recently weighed in on BLMN shares. Barclays dropped their price target on Bloomin’ Brands from $11.00 to $9.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. BMO Capital Markets reduced their target price on shares of Bloomin’ Brands from $16.00 to $12.00 and set a “market perform” rating for the company in a research report on Thursday, February 27th. JPMorgan Chase & Co. lowered their price target on shares of Bloomin’ Brands from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Bank of America downgraded shares of Bloomin’ Brands from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $18.00 to $13.00 in a report on Monday, January 27th. Finally, The Goldman Sachs Group dropped their price target on shares of Bloomin’ Brands from $13.00 to $10.00 and set a “sell” rating for the company in a research report on Thursday, February 27th. 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, the company currently has a consensus rating of “Hold” and an average target price of $14.30.

Insider Buying and Selling

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

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.