Bloomin' Brands, Inc. (NASDAQ:BLMN) Receives Consensus Rating of "Reduce" from Analysts

Key Points

• Bloomin' Brands, Inc. received a consensus rating of "Reduce" from analysts, with four ratings for sell and seven for hold, alongside an average one-year price target of $9.875.
• Recent institutional activity includes significant increases in stakes by investors like Northwestern Mutual Wealth Management Co. and US Bancorp DE, reflecting a shift in interest around the stock.
• The company announced a quarterly dividend of $0.15 per share, resulting in a dividend yield of 8.1%, despite a negative payout ratio of -1,200.00%.

Shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report) have been assigned a consensus rating of "Reduce" from the eleven brokerages that are covering the company, MarketBeat reports. Four analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $9.8750.

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Bloomin' Brands from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Wednesday, June 25th. Zacks Research downgraded Bloomin' Brands from a "hold" rating to a "strong sell" rating in a research report on Monday, September 29th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Bloomin' Brands in a research note on Saturday, September 27th. BMO Capital Markets decreased their target price on Bloomin' Brands from $10.00 to $8.00 and set a "market perform" rating on the stock in a research note on Thursday, August 7th. Finally, Barclays lowered their price target on Bloomin' Brands from $9.00 to $7.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 6th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BLMN. Public Employees Retirement System of Ohio purchased a new position in shares of Bloomin' Brands in the 4th quarter worth approximately $32,000. Northwestern Mutual Wealth Management Co. lifted its position in Bloomin' Brands by 83,825.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,357 shares of the restaurant operator's stock worth $29,000 after buying an additional 3,353 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Bloomin' Brands by 72.9% during the second quarter. Steward Partners Investment Advisory LLC now owns 4,743 shares of the restaurant operator's stock worth $41,000 after buying an additional 2,000 shares during the period. US Bancorp DE boosted its stake in Bloomin' Brands by 505.7% during the first quarter. US Bancorp DE now owns 6,239 shares of the restaurant operator's stock worth $45,000 after buying an additional 5,209 shares during the period. Finally, GAMMA Investing LLC increased its position in Bloomin' Brands by 28.9% during the first quarter. GAMMA Investing LLC now owns 6,304 shares of the restaurant operator's stock valued at $45,000 after acquiring an additional 1,414 shares during the last quarter.

Bloomin' Brands Stock Up 2.6%

Bloomin' Brands stock opened at $7.43 on Friday. Bloomin' Brands has a one year low of $6.09 and a one year high of $17.57. The stock has a fifty day moving average of $7.34 and a 200 day moving average of $8.01. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.35 and a current ratio of 0.43. The stock has a market cap of $632.07 million, a PE ratio of -148.60 and a beta of 1.27.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last announced its earnings results on Wednesday, August 6th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.05. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $974.69 million. Bloomin' Brands had a negative net margin of 0.12% and a positive return on equity of 44.03%. The firm's quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.51 earnings per share. As a group, sell-side analysts predict that Bloomin' Brands will post 1.8 EPS for the current year.

Bloomin' Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 19th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend was Tuesday, August 19th. Bloomin' Brands's dividend payout ratio is -1,200.00%.

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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