Bloomin’ Brands, Inc. (NASDAQ:BLMN) Given Average Recommendation of “Hold” by Brokerages

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) have been assigned a consensus rating of “Hold” from the ten analysts that are presently covering the company, MarketBeat reports. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $19.70.

A number of equities analysts have weighed in on the stock. Morgan Stanley cut their target price on shares of Bloomin’ Brands from $26.00 to $22.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. UBS Group cut their price objective on shares of Bloomin’ Brands from $26.00 to $18.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Barclays lowered their target price on shares of Bloomin’ Brands from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Monday. Bank of America cut their price target on Bloomin’ Brands from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. Finally, Raymond James lowered Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research note on Monday.

Institutional Investors Weigh In On Bloomin’ Brands

A number of large investors have recently added to or reduced their stakes in BLMN. Gladius Capital Management LP purchased a new position in shares of Bloomin’ Brands during the third quarter valued at approximately $26,000. Headlands Technologies LLC bought a new position in Bloomin’ Brands in the 1st quarter worth $30,000. KBC Group NV lifted its position in shares of Bloomin’ Brands by 79.1% in the 3rd quarter. KBC Group NV now owns 3,371 shares of the restaurant operator’s stock worth $56,000 after purchasing an additional 1,489 shares during the period. EntryPoint Capital LLC boosted its stake in shares of Bloomin’ Brands by 6,454.9% during the 1st quarter. EntryPoint Capital LLC now owns 3,343 shares of the restaurant operator’s stock valued at $96,000 after purchasing an additional 3,292 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Bloomin’ Brands during the second quarter valued at about $111,000.

Bloomin’ Brands Stock Performance

Shares of BLMN opened at $13.35 on Wednesday. The stock has a 50 day moving average of $16.35 and a 200 day moving average of $18.67. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of -121.35 and a beta of 2.04. Bloomin’ Brands has a 12 month low of $13.23 and a 12 month high of $30.13. The company has a current ratio of 0.35, a quick ratio of 0.26 and a debt-to-equity ratio of 3.46.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings results on Friday, November 8th. The restaurant operator reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.02. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.04 billion. Bloomin’ Brands had a net margin of 0.70% and a return on equity of 61.90%. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.44 earnings per share. As a group, sell-side analysts forecast that Bloomin’ Brands will post 1.77 earnings per share for the current year.

Bloomin’ Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Monday, November 25th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.19%. Bloomin’ Brands’s dividend payout ratio (DPR) is currently -872.65%.

About Bloomin’ Brands

Bloomin' Brands, Inc, through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. The company operates through two segments, U.S. and International. Its restaurant portfolio has four concepts, including Outback Steakhouse, a casual steakhouse restaurant; Carrabba's Italian Grill, a casual Italian restaurant; Bonefish Grill; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.