Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report)'s stock price was down 5.5% during mid-day trading on Monday . The stock traded as low as $8.80 and last traded at $8.99. Approximately 296,610 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 2,131,363 shares. The stock had previously closed at $9.51.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on BLMN shares. UBS Group dropped their price objective on Bloomin' Brands from $13.00 to $8.50 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Wall Street Zen raised Bloomin' Brands from a "sell" rating to a "hold" rating in a report on Friday, March 7th. JPMorgan Chase & Co. cut their price target on Bloomin' Brands from $10.00 to $9.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. The Goldman Sachs Group lowered 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. Finally, Barclays cut their target price on shares of Bloomin' Brands from $9.00 to $8.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Two analysts have rated the stock with a sell rating and ten have issued a hold rating to the company's stock. Based on data from MarketBeat, Bloomin' Brands has a consensus rating of "Hold" and an average target price of $13.75.
View Our Latest Stock Report on Bloomin' Brands
Bloomin' Brands Stock Down 1.9%
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 business has a fifty day simple moving average of $8.18 and a two-hundred day simple moving average of $9.67. The company has a market capitalization of $756.73 million, a price-to-earnings ratio of -296.90 and a beta of 1.29.
Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last issued its earnings results on Wednesday, May 7th. The restaurant operator reported $0.59 EPS 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 the consensus estimate of $1.04 billion. Bloomin' Brands had a negative net margin of 0.05% and a positive return on equity of 55.08%. The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.70 EPS. Equities analysts expect that Bloomin' Brands, Inc. will post 1.8 EPS for the current year.
Bloomin' Brands Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.73%. The ex-dividend date of this dividend was Tuesday, May 20th. Bloomin' Brands's payout ratio is currently -2,000.00%.
Institutional Investors Weigh In On Bloomin' Brands
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers increased its position in 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 acquiring an additional 2,977 shares in the last quarter. Skylands Capital LLC acquired a new stake in shares of Bloomin' Brands in the fourth quarter valued at approximately $1,407,000. A&I Financial Services LLC acquired a new stake in shares of Bloomin' Brands in the fourth quarter valued at approximately $343,000. Xcel Wealth Management LLC raised its position in Bloomin' Brands by 70.2% in the 4th quarter. Xcel Wealth Management LLC now owns 422,114 shares of the restaurant operator's stock worth $5,154,000 after purchasing an additional 174,036 shares during the last quarter. Finally, Factorial Partners LLC lifted its holdings in Bloomin' Brands by 8.3% during the 4th quarter. Factorial Partners LLC now owns 65,000 shares of the restaurant operator's stock worth $794,000 after buying an additional 5,000 shares in the last quarter.
About Bloomin' Brands
(
Get Free Report)
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.
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