Brokerages Set Bloomin' Brands, Inc. (NASDAQ:BLMN) Price Target at $13.85

Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report) has earned an average rating of "Reduce" from the eleven ratings firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation and nine have assigned a hold recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $13.85.

BLMN has been the subject of a number of recent analyst reports. UBS Group cut their price objective on Bloomin' Brands from $13.00 to $8.50 and set a "neutral" rating for the company in a research report on Monday, May 5th. JPMorgan Chase & Co. raised their price objective on Bloomin' Brands from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Wednesday. Wall Street Zen raised Bloomin' Brands from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. Finally, Barclays cut their price objective on Bloomin' Brands from $9.00 to $8.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th.

Bloomin' Brands Stock Down 1.7%

Shares of NASDAQ:BLMN traded down $0.15 during mid-day trading on Thursday, reaching $8.66. 3,056,256 shares of the stock were exchanged, compared to its average volume of 2,151,970. 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 company has a market cap of $735.49 million, a P/E ratio of -288.57 and a beta of 1.30. Bloomin' Brands has a one year low of $6.09 and a one year high of $21.45. The stock's 50 day simple moving average is $8.23 and its 200-day simple moving average is $9.56.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last posted 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. Bloomin' Brands had a negative net margin of 0.05% and a positive return on equity of 55.08%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the firm posted $0.70 earnings per share. The company's quarterly revenue was down 1.8% compared to the same quarter last year. As a group, equities research analysts predict that Bloomin' Brands will post 1.8 EPS for the current year.

Bloomin' Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 6.93%. The ex-dividend date was Tuesday, May 20th. Bloomin' Brands's payout ratio is currently -2,000.00%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Schonfeld Strategic Advisors LLC grew its stake in shares of Bloomin' Brands by 8,666.6% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 1,568,253 shares of the restaurant operator's stock worth $19,148,000 after acquiring an additional 1,550,364 shares during the period. American Century Companies Inc. grew its stake in shares of Bloomin' Brands by 565.9% during the 4th quarter. American Century Companies Inc. now owns 1,791,366 shares of the restaurant operator's stock worth $21,873,000 after acquiring an additional 1,522,370 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Bloomin' Brands by 385.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,817,145 shares of the restaurant operator's stock worth $22,187,000 after acquiring an additional 1,442,964 shares during the period. Millennium Management LLC grew its stake in shares of Bloomin' Brands by 123.1% during the 1st quarter. Millennium Management LLC now owns 2,299,778 shares of the restaurant operator's stock worth $16,489,000 after acquiring an additional 1,268,988 shares during the period. Finally, Nuveen LLC bought a new position in shares of Bloomin' Brands during the 1st quarter worth $7,890,000.

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.