Bloomin' Brands (NASDAQ:BLMN) Stock Price Down 4.1% - Time to Sell?

Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report)'s share price was down 4.1% during mid-day trading on Thursday . The stock traded as low as $7.53 and last traded at $7.56. Approximately 195,835 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 2,076,817 shares. The stock had previously closed at $7.88.

Analyst Ratings Changes

BLMN has been the subject of several research analyst reports. Wall Street Zen raised shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. UBS Group reduced their price target on shares of Bloomin' Brands from $13.00 to $8.50 and set a "neutral" rating for the company in a report on Monday, May 5th. JPMorgan Chase & Co. reduced their price objective on shares of Bloomin' Brands from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. The Goldman Sachs Group reduced their price objective on shares of Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating for the company in a research note on Thursday, February 27th. Finally, BMO Capital Markets reduced their price target on Bloomin' Brands from $16.00 to $12.00 and set a "market perform" rating for the company in a research report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company's stock. According to MarketBeat.com, Bloomin' Brands currently has an average rating of "Hold" and an average price target of $13.75.

Bloomin' Brands Stock Up 2.0%

The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.22. The company has a market capitalization of $643.78 million, a PE ratio of -68.90 and a beta of 1.29. The business's 50 day simple moving average is $7.75 and its 200 day simple moving average is $10.07.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last announced its earnings results on Wednesday, May 7th. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 62.18% and a negative net margin of 0.12%. The firm's quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.70 earnings per share. As a group, analysts anticipate that Bloomin' Brands, Inc. will post 1.8 earnings per share for the current fiscal year.

Bloomin' Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.60 annualized dividend and a yield of 7.92%. Bloomin' Brands's dividend payout ratio is currently -2,000.00%.

Hedge Funds Weigh In On Bloomin' Brands

A number of hedge funds have recently modified their holdings of BLMN. Headlands Technologies LLC purchased a new position in shares of Bloomin' Brands in the 4th quarter valued at approximately $27,000. Public Employees Retirement System of Ohio purchased a new position in Bloomin' Brands in the 4th quarter valued at $32,000. Meeder Asset Management Inc. purchased a new position in Bloomin' Brands in the 4th quarter valued at $41,000. New Age Alpha Advisors LLC purchased a new position in Bloomin' Brands in the 4th quarter valued at $45,000. Finally, GAMMA Investing LLC grew its position in Bloomin' Brands by 28.9% in the 1st quarter. GAMMA Investing LLC now owns 6,304 shares of the restaurant operator's stock valued at $45,000 after buying an additional 1,414 shares during the last quarter.

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.