BMO Capital Markets Cuts Bloomin’ Brands (NASDAQ:BLMN) Price Target to $12.00

Bloomin’ Brands (NASDAQ:BLMN) had its price objective trimmed by BMO Capital Markets from $16.00 to $12.00 in a research report report published on Thursday morning,Benzinga reports. The firm currently has a market perform rating on the restaurant operator’s stock.

BLMN has been the subject of several other reports. JPMorgan Chase & Co. reduced their price target on Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. Raymond James lowered Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. StockNews.com raised Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Wednesday. The Goldman Sachs Group began coverage on Bloomin’ Brands in a research report on Thursday, December 5th. They issued a “sell” rating and a $13.00 price target for the company. Finally, Bank of America lowered Bloomin’ Brands from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $18.00 to $13.00 in a research report on Monday, January 27th. Two analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $15.00.

Bloomin’ Brands Price Performance

Shares of BLMN stock opened at $9.38 on Thursday. Bloomin’ Brands has a twelve month low of $9.16 and a twelve month high of $30.13. The stock has a market capitalization of $795.83 million, a price-to-earnings ratio of -85.26 and a beta of 1.97. The stock has a fifty day simple moving average of $11.85 and a two-hundred day simple moving average of $14.23. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 4.46.

Bloomin’ Brands Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $0.60 annualized dividend and a yield of 6.40%. Bloomin’ Brands’s payout ratio is presently -40.27%.

Institutional Trading of Bloomin’ Brands

Large investors have recently added to or reduced their stakes in the company. Gladius Capital Management LP purchased a new stake in Bloomin’ Brands during the 3rd quarter valued at about $26,000. Headlands Technologies LLC purchased a new stake in Bloomin’ Brands during the 4th quarter valued at about $27,000. Public Employees Retirement System of Ohio purchased a new stake in Bloomin’ Brands during the 4th quarter valued at about $32,000. Meeder Asset Management Inc. purchased a new stake in shares of Bloomin’ Brands in the fourth quarter worth about $41,000. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of Bloomin’ Brands in the fourth quarter worth about $45,000.

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.