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

Shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report) have been assigned an average recommendation of "Reduce" from the eleven brokerages that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $13.85.

Several research analysts recently commented on BLMN shares. Wall Street Zen upgraded shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a report on Friday, March 7th. Barclays dropped their target price on shares of Bloomin' Brands from $9.00 to $8.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. JPMorgan Chase & Co. lifted their target price on shares of Bloomin' Brands from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Wednesday. Finally, UBS Group dropped their price objective on shares of Bloomin' Brands from $13.00 to $8.50 and set a "neutral" rating on the stock in a report on Monday, May 5th.

Bloomin' Brands Stock Down 1.7%

NASDAQ BLMN traded down $0.15 during trading on Thursday, hitting $8.66. 3,056,256 shares of the company traded hands, compared to its average volume of 2,151,970. Bloomin' Brands has a 12 month low of $6.09 and a 12 month high of $21.45. The business has a fifty day simple moving average of $8.23 and a 200 day simple moving average of $9.58. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 2.38. The company has a market capitalization of $735.49 million, a P/E ratio of -288.57 and a beta of 1.29.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last posted its earnings results on Wednesday, May 7th. The restaurant operator reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.02. The company 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 55.08% and a negative net margin of 0.05%. The business's revenue was down 1.8% compared to the same quarter last year. During the same period last year, the company earned $0.70 earnings per share. As a group, sell-side analysts predict that Bloomin' Brands will post 1.8 EPS for the current year.

Bloomin' Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, May 20th. This represents a $0.60 annualized dividend and a dividend yield of 6.93%. Bloomin' Brands's dividend payout ratio (DPR) is currently -2,000.00%.

Institutional Trading of Bloomin' Brands

Several institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its position in shares of Bloomin' Brands by 28.9% during the 1st 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 in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Bloomin' Brands during the 4th quarter valued at about $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Bloomin' Brands by 6.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,395 shares of the restaurant operator's stock valued at $333,000 after buying an additional 2,622 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Bloomin' Brands in the fourth quarter valued at about $32,000. Finally, Rhumbline Advisers boosted its position in Bloomin' Brands by 1.3% in the fourth quarter. Rhumbline Advisers now owns 238,093 shares of the restaurant operator's stock valued at $2,907,000 after buying an additional 2,977 shares in the last quarter.

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.