Bloomin' Brands, Inc. (NASDAQ:BLMN) Given Average Recommendation of "Reduce" by Brokerages

Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report) has earned a consensus rating of "Reduce" from the eleven analysts that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation and nine have given a hold recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $12.75.

A number of equities analysts recently commented on BLMN shares. UBS Group cut their price objective on Bloomin' Brands from $13.00 to $8.50 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Morgan Stanley set a $10.00 price objective on Bloomin' Brands and gave the stock an "equal weight" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. lifted their price objective on Bloomin' Brands from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 25th. Finally, Barclays lifted their price objective on Bloomin' Brands from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research note on Thursday.

Bloomin' Brands Stock Performance

Bloomin' Brands stock opened at $9.39 on Monday. Bloomin' Brands has a 12-month low of $6.09 and a 12-month high of $21.45. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 2.38. The business's 50-day moving average price is $8.75 and its two-hundred day moving average price is $9.31. The stock has a market cap of $797.50 million, a PE ratio of -312.90 and a beta of 1.32.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The restaurant operator reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.02. The company had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.04 billion. Bloomin' Brands had a positive return on equity of 55.08% and a negative net margin of 0.05%. The business's quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.70 earnings per share. As a group, analysts expect that Bloomin' Brands will post 1.8 earnings per share for the current fiscal year.

Bloomin' Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.60 annualized dividend and a yield of 6.39%. Bloomin' Brands's dividend payout ratio (DPR) is currently -2,000.00%.

Institutional Investors Weigh In On Bloomin' Brands

Several institutional investors have recently bought and sold shares of the stock. Headlands Technologies LLC bought a new position in Bloomin' Brands in the 4th quarter valued at $27,000. Public Employees Retirement System of Ohio bought a new position in Bloomin' Brands in the 4th quarter valued at $32,000. Meeder Asset Management Inc. bought a new position in Bloomin' Brands in the 4th quarter valued at $41,000. New Age Alpha Advisors LLC bought a new position in Bloomin' Brands in the 4th quarter valued at $45,000. Finally, US Bancorp DE grew its stake in Bloomin' Brands by 505.7% in the 1st quarter. US Bancorp DE now owns 6,239 shares of the restaurant operator's stock valued at $45,000 after purchasing an additional 5,209 shares during the period.

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.

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