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

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

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Wall Street Zen raised Bloomin' Brands from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. UBS Group cut 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. The Goldman Sachs Group decreased 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 report on Thursday, February 27th. JPMorgan Chase & Co. dropped their target price on shares of Bloomin' Brands from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Finally, BMO Capital Markets cut their price target 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. Two equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to data from MarketBeat.com, Bloomin' Brands has a consensus rating of "Hold" and an average target price of $13.75.

Bloomin' Brands Stock Up 2.0%

The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 4.46. The business's 50-day simple moving average is $7.75 and its 200-day simple moving average is $10.03. The company has a market capitalization of $643.78 million, a PE ratio of -68.90 and a beta of 1.29.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The restaurant operator reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.02. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. Bloomin' Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The business's quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 earnings per share. As a group, equities research analysts anticipate that Bloomin' Brands, Inc. will post 1.8 EPS for the current fiscal year.

Bloomin' Brands Dividend Announcement

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

Institutional Trading of Bloomin' Brands

A number of hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC raised 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 in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Bloomin' Brands during the 4th quarter worth approximately $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Bloomin' Brands by 6.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,395 shares of the restaurant operator's stock valued at $333,000 after purchasing an additional 2,622 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Bloomin' Brands during the 4th quarter valued at approximately $32,000. Finally, Rhumbline Advisers lifted its stake in shares of Bloomin' Brands by 1.3% in the 4th quarter. Rhumbline Advisers now owns 238,093 shares of the restaurant operator's stock valued at $2,907,000 after purchasing an additional 2,977 shares during the period.

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.