Bloomin' Brands, Inc. (NASDAQ:BLMN) Receives $13.85 Average Target Price from Brokerages

Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report) has been given an average recommendation of "Reduce" by the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating and nine have issued a hold rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $13.75.

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Bloomin' Brands from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Bank of America downgraded shares of Bloomin' Brands from a "neutral" rating to an "underperform" rating and lowered their target price for the stock from $18.00 to $13.00 in a research note on Monday, January 27th. Barclays lowered their target price on shares of Bloomin' Brands from $9.00 to $8.00 and set an "equal weight" rating for the company in a research note on Thursday. StockNews.com raised Bloomin' Brands from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. Finally, UBS Group dropped 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.

Bloomin' Brands Price Performance

Shares of NASDAQ BLMN traded up $1.06 during trading hours on Wednesday, hitting $8.36. 504,941 shares of the stock were exchanged, compared to its average volume of 2,003,314. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.22 and a current ratio of 0.31. The company has a market cap of $709.85 million, a PE ratio of -75.67 and a beta of 1.30. The company's fifty day simple moving average is $7.85 and its two-hundred day simple moving average is $11.00. Bloomin' Brands has a 1-year low of $6.09 and a 1-year high of $24.50.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The restaurant operator reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.02. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. Bloomin' Brands had a positive return on equity of 62.18% and a negative net margin of 0.12%. Bloomin' Brands's quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS. On average, sell-side analysts predict that Bloomin' Brands will post 1.8 EPS for the current year.

Bloomin' Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 7.18%. The ex-dividend date of this dividend is Tuesday, May 20th. Bloomin' Brands's dividend payout ratio is currently -2,000.00%.

Insiders Place Their Bets

In other Bloomin' Brands news, EVP Patrick M. Hafner sold 9,555 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $8.32, for a total value of $79,497.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.00% of the company's stock.

Institutional Investors Weigh In On Bloomin' Brands

Institutional investors have recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in Bloomin' Brands in the fourth quarter valued at approximately $27,000. Public Employees Retirement System of Ohio bought a new position in Bloomin' Brands in the 4th quarter worth approximately $32,000. Meeder Asset Management Inc. bought a new position in Bloomin' Brands in the 4th quarter worth approximately $41,000. New Age Alpha Advisors LLC bought a new position in Bloomin' Brands in the 4th quarter worth approximately $45,000. Finally, GAMMA Investing LLC boosted its holdings in Bloomin' Brands by 28.9% in the 1st quarter. GAMMA Investing LLC now owns 6,304 shares of the restaurant operator's stock worth $45,000 after buying an additional 1,414 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.