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

Bloomin’ Brands, Inc. (NASDAQ:BLMN) has been assigned an average recommendation of “Hold” from the eleven brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $19.09.

A number of analysts have commented on BLMN shares. Barclays dropped their price target on shares of Bloomin’ Brands from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Bank of America decreased their price target on Bloomin’ Brands from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. Piper Sandler dropped their price objective on Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, November 11th. StockNews.com upgraded Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, Raymond James lowered Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th.

Bloomin’ Brands Stock Up 0.3 %

Shares of Bloomin’ Brands stock opened at $12.89 on Friday. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -117.17 and a beta of 1.95. Bloomin’ Brands has a twelve month low of $12.26 and a twelve month high of $30.13. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 4.46. The business’s 50 day simple moving average is $15.03 and its 200-day simple moving average is $17.24.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings results on Friday, November 8th. The restaurant operator reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.04 billion. Bloomin’ Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The company’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 earnings per share. Equities research analysts forecast that Bloomin’ Brands will post 1.8 earnings per share for the current year.

Bloomin’ Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Monday, November 25th will be issued a dividend of $0.24 per share. The ex-dividend date is Monday, November 25th. This represents a $0.96 annualized dividend and a dividend yield of 7.45%. Bloomin’ Brands’s dividend payout ratio is -872.65%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. SummerHaven Investment Management LLC boosted its position in Bloomin’ Brands by 2.6% during the second quarter. SummerHaven Investment Management LLC now owns 27,857 shares of the restaurant operator’s stock worth $536,000 after purchasing an additional 718 shares during the period. Verdence Capital Advisors LLC lifted its stake in shares of Bloomin’ Brands by 6.6% in the third quarter. Verdence Capital Advisors LLC now owns 12,676 shares of the restaurant operator’s stock worth $210,000 after buying an additional 780 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Bloomin’ Brands by 8.7% during the 2nd quarter. Hsbc Holdings PLC now owns 13,567 shares of the restaurant operator’s stock worth $258,000 after buying an additional 1,083 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Bloomin’ Brands by 8.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,204 shares of the restaurant operator’s stock worth $331,000 after buying an additional 1,354 shares during the period. Finally, Franklin Resources Inc. grew its stake in Bloomin’ Brands by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 50,007 shares of the restaurant operator’s stock valued at $773,000 after buying an additional 1,392 shares during the last quarter.

Bloomin’ Brands Company Profile

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.