Bloomin' Brands (NASDAQ:BLMN) Shares Down 5.5% - Should You Sell?

Shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report) fell 5.5% during mid-day trading on Monday . The stock traded as low as $8.80 and last traded at $8.99. 296,610 shares were traded during mid-day trading, a decline of 86% from the average session volume of 2,131,363 shares. The stock had previously closed at $9.51.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BLMN. UBS Group dropped their price target on Bloomin' Brands from $13.00 to $8.50 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Wall Street Zen upgraded Bloomin' Brands from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. JPMorgan Chase & Co. boosted their price target on Bloomin' Brands from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Wednesday. The Goldman Sachs Group dropped their price target on Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating on the stock in a research report on Thursday, February 27th. Finally, BMO Capital Markets dropped their price target on Bloomin' Brands from $16.00 to $12.00 and set a "market perform" rating on the stock in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $13.85.

Bloomin' Brands Trading Down 0.1%

The stock has a market cap of $748.23 million, a PE ratio of -293.57 and a beta of 1.29. The business has a 50 day moving average of $8.22 and a 200-day moving average of $9.63. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 2.38.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last issued its quarterly earnings results 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. Bloomin' Brands had a positive return on equity of 55.08% and a negative net margin of 0.05%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the company posted $0.70 EPS. The business's revenue for the quarter was down 1.8% compared to the same quarter last year. On average, analysts anticipate that Bloomin' Brands, Inc. will post 1.8 EPS for the current year.

Bloomin' Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.81%. Bloomin' Brands's payout ratio is -2,000.00%.

Institutional Trading of Bloomin' Brands

A number of institutional investors and hedge funds have recently made changes to their positions in BLMN. Headlands Technologies LLC acquired a new stake in shares of Bloomin' Brands during the 4th quarter worth $27,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Bloomin' Brands during the 4th quarter worth $32,000. Meeder Asset Management Inc. acquired a new stake in shares of Bloomin' Brands during the 4th quarter worth $41,000. New Age Alpha Advisors LLC acquired a new stake in shares of Bloomin' Brands during the 4th quarter worth $45,000. Finally, GAMMA Investing LLC increased its holdings 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 worth $45,000 after buying an additional 1,414 shares during 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.