Brokerages Set Bloomin' Brands, Inc. (NASDAQ:BLMN) PT at $9.88

Shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report) have earned an average rating of "Reduce" from the nine analysts that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $9.8750.

Several analysts have issued reports on the stock. The Goldman Sachs Group lowered their price objective on shares of Bloomin' Brands from $8.00 to $6.50 and set a "sell" rating for the company in a research report on Thursday, August 7th. JPMorgan Chase & Co. raised 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. Barclays dropped their target price on Bloomin' Brands from $9.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 6th. BMO Capital Markets lowered their price target on Bloomin' Brands from $10.00 to $8.00 and set a "market perform" rating on the stock in a report on Thursday, August 7th. Finally, Morgan Stanley lifted their target price on Bloomin' Brands from $9.00 to $10.00 and gave the stock an "equal weight" rating in a report on Monday, July 14th.

Hedge Funds Weigh In On Bloomin' Brands

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Caxton Associates LLP boosted its position in shares of Bloomin' Brands by 477.4% in the 2nd quarter. Caxton Associates LLP now owns 136,831 shares of the restaurant operator's stock valued at $1,178,000 after purchasing an additional 113,134 shares during the period. Public Sector Pension Investment Board boosted its position in Bloomin' Brands by 7.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 257,154 shares of the restaurant operator's stock worth $2,214,000 after acquiring an additional 17,675 shares during the period. Evergreen Capital Management LLC acquired a new stake in Bloomin' Brands during the 2nd quarter worth about $242,000. Headlands Technologies LLC boosted its position in Bloomin' Brands by 146.0% during the 2nd quarter. Headlands Technologies LLC now owns 21,426 shares of the restaurant operator's stock worth $184,000 after acquiring an additional 12,717 shares during the period. Finally, State of Tennessee Department of Treasury boosted its position in Bloomin' Brands by 84.2% during the 2nd quarter. State of Tennessee Department of Treasury now owns 34,493 shares of the restaurant operator's stock worth $297,000 after acquiring an additional 15,766 shares during the period.

Bloomin' Brands Trading Down 2.0%

Shares of NASDAQ BLMN traded down $0.14 on Tuesday, reaching $6.78. 1,446,131 shares of the company traded hands, compared to its average volume of 2,248,451. Bloomin' Brands has a fifty-two week low of $6.09 and a fifty-two week high of $17.78. The company has a 50 day moving average of $8.15 and a 200 day moving average of $8.17. The company has a current ratio of 0.43, a quick ratio of 0.35 and a debt-to-equity ratio of 2.29. The stock has a market capitalization of $576.77 million, a PE ratio of -135.60 and a beta of 1.23.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last posted its earnings results on Wednesday, August 6th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.05. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $974.69 million. Bloomin' Brands had a negative net margin of 0.12% and a positive return on equity of 44.03%. The company's revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. On average, equities research analysts forecast that Bloomin' Brands will post 1.8 earnings per share for the current fiscal year.

Bloomin' Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 19th were given a $0.15 dividend. The ex-dividend date was Tuesday, August 19th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.8%. Bloomin' Brands's dividend payout ratio (DPR) is -1,200.00%.

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.