Voya Investment Management LLC Has $281,000 Stock Position in Bloomin’ Brands, Inc. (NASDAQ:BLMN)

Voya Investment Management LLC trimmed its holdings in shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 10.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 23,015 shares of the restaurant operator’s stock after selling 2,586 shares during the period. Voya Investment Management LLC’s holdings in Bloomin’ Brands were worth $281,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BLMN. Barclays PLC increased its holdings in shares of Bloomin’ Brands by 29.4% during 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 last quarter. Franklin Resources Inc. increased its holdings in shares of Bloomin’ Brands by 2.9% during the 3rd quarter. Franklin Resources Inc. now owns 50,007 shares of the restaurant operator’s stock valued at $773,000 after acquiring an additional 1,392 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Bloomin’ Brands by 6.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,529,130 shares of the restaurant operator’s stock valued at $41,806,000 after acquiring an additional 147,895 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Bloomin’ Brands by 606.6% during the 4th quarter. GAMMA Investing LLC now owns 4,890 shares of the restaurant operator’s stock valued at $60,000 after acquiring an additional 4,198 shares during the last quarter. Finally, Goldstone Financial Group LLC acquired a new position in shares of Bloomin’ Brands during the 4th quarter valued at about $286,000.

Bloomin’ Brands Price Performance

Bloomin’ Brands stock opened at $8.81 on Tuesday. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.22. The company has a market capitalization of $748.24 million, a PE ratio of -80.08 and a beta of 1.30. Bloomin’ Brands, Inc. has a one year low of $6.09 and a one year high of $24.50. The business has a 50 day simple moving average of $7.85 and a 200 day simple moving average of $10.95.

Bloomin’ Brands (NASDAQ:BLMN) last posted its earnings results on Wednesday, May 7th. The restaurant operator reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. Bloomin’ Brands had a positive return on equity of 62.18% and a negative net margin of 0.12%. Bloomin’ Brands’s revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the company earned $0.70 EPS. On average, sell-side analysts forecast that Bloomin’ Brands, Inc. will post 1.8 EPS for the current fiscal year.

Bloomin’ Brands Dividend Announcement

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

Insider Buying and Selling at Bloomin’ Brands

In other Bloomin’ Brands news, EVP Patrick M. Hafner sold 9,555 shares of Bloomin’ Brands 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BLMN shares. StockNews.com raised Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Friday, March 7th. JPMorgan Chase & Co. decreased their target price on Bloomin’ Brands from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. The Goldman Sachs Group decreased their target price on Bloomin’ Brands from $13.00 to $10.00 and set a “sell” rating for the company in a research note on Thursday, February 27th. Bank of America downgraded Bloomin’ Brands from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $18.00 to $13.00 in a research note on Monday, January 27th. Finally, Barclays decreased their target price on Bloomin’ Brands from $9.00 to $8.00 and set an “equal weight” rating for the company in a research note on Thursday, May 8th. Two research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price 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.