Bloomin' Brands, Inc. (NASDAQ:BLMN) Receives $13.75 Consensus PT from Brokerages

Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report) has been given an average rating of "Reduce" by the eleven ratings firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation and nine have assigned a hold recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $13.75.

BLMN has been the topic of several analyst reports. The Goldman Sachs Group reduced their price objective on shares of Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating on the stock in a research note on Thursday, February 27th. Wall Street Zen raised shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. JPMorgan Chase & Co. reduced their price objective on shares of Bloomin' Brands from $10.00 to $9.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. UBS Group reduced their price objective on shares of Bloomin' Brands from $13.00 to $8.50 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Finally, BMO Capital Markets reduced their price objective on shares of Bloomin' Brands from $16.00 to $12.00 and set a "market perform" rating on the stock in a research note on Thursday, February 27th.

Hedge Funds Weigh In On Bloomin' Brands

A number of institutional investors and hedge funds have recently made changes to their positions in BLMN. Headlands Technologies LLC bought a new position in shares of Bloomin' Brands during the 4th quarter worth about $27,000. Public Employees Retirement System of Ohio bought a new position in shares of Bloomin' Brands during the 4th quarter worth about $32,000. Meeder Asset Management Inc. bought a new position in shares of Bloomin' Brands during the 4th quarter worth about $41,000. New Age Alpha Advisors LLC acquired a new stake in shares of Bloomin' Brands in the 4th quarter worth about $45,000. Finally, GAMMA Investing LLC raised its holdings in shares of 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 acquiring an additional 1,414 shares during the last quarter.

Bloomin' Brands Price Performance

Shares of NASDAQ:BLMN traded up $0.33 during trading on Friday, hitting $7.88. 2,560,784 shares of the company were exchanged, compared to its average volume of 2,084,112. The business's 50 day moving average is $7.74 and its 200-day moving average is $10.14. The company has a market capitalization of $669.26 million, a P/E ratio of -71.63 and a beta of 1.30. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 4.46. Bloomin' Brands has a 1-year low of $6.09 and a 1-year high of $21.45.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.02. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. Bloomin' Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.70 earnings per share. Equities analysts forecast that Bloomin' Brands will post 1.8 earnings per share for the current year.

Bloomin' Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.61%. Bloomin' Brands's dividend payout ratio (DPR) is presently -2,000.00%.

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.