Jump Financial LLC Decreases Holdings in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Jump Financial LLC reduced its stake in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 20.5% in the fourth quarter, Holdings Channel reports. 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 filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Headlands Technologies LLC bought a new position in Bloomin’ Brands during the fourth quarter valued at $27,000. Meeder Asset Management Inc. purchased a new stake in Bloomin’ Brands during the fourth quarter valued at about $41,000. New Age Alpha Advisors LLC bought a new position in Bloomin’ Brands during the fourth quarter worth about $45,000. GAMMA Investing LLC increased its stake in shares of Bloomin’ Brands by 606.6% in the fourth quarter. GAMMA Investing LLC now owns 4,890 shares of the restaurant operator’s stock worth $60,000 after purchasing an additional 4,198 shares in the last quarter. Finally, Entropy Technologies LP purchased a new stake in shares of Bloomin’ Brands during the 4th quarter valued at approximately $140,000.

Insider Transactions at Bloomin’ Brands

In other Bloomin’ Brands news, EVP Patrick M. Hafner sold 9,555 shares of Bloomin’ Brands stock in a transaction that occurred on 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 SEC, which can be accessed through the SEC website. Company insiders own 3.00% of the company’s stock.

Bloomin’ Brands Trading Down 2.4 %

BLMN stock opened at $8.09 on Monday. The company has a market capitalization of $687.09 million, a PE ratio of -73.54 and a beta of 1.76. 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, Inc. has a one year low of $6.09 and a one year high of $27.09. The company’s 50 day moving average price is $8.40 and its two-hundred day moving average price is $11.58.

Bloomin’ Brands Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, March 11th. This represents a $0.60 annualized dividend and a yield of 7.42%. Bloomin’ Brands’s payout ratio is -40.27%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BLMN shares. JPMorgan Chase & Co. lowered their target price on shares of 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 cut their target price on Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. BMO Capital Markets decreased their price target 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. Barclays reduced their price objective on shares of Bloomin’ Brands from $11.00 to $9.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Finally, The Goldman Sachs Group decreased their price target on shares of Bloomin’ Brands from $13.00 to $10.00 and set a “sell” rating on the stock in a report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. According to MarketBeat, Bloomin’ Brands currently has a consensus rating of “Hold” and a consensus price target of $14.30.

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.