Bloomin' Brands, Inc. (NASDAQ:BLMN) Given Consensus Rating of "Hold" by Brokerages

Shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report) have been assigned an average recommendation of "Hold" from the ten research firms that are presently covering the company, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $27.90.

A number of equities research analysts have recently commented on BLMN shares. Citigroup raised their target price on Bloomin' Brands from $25.00 to $29.00 and gave the company a "neutral" rating in a research report on Thursday, February 15th. Barclays raised their target price on Bloomin' Brands from $31.00 to $32.00 and gave the company an "overweight" rating in a research report on Monday, February 26th. BMO Capital Markets raised their target price on Bloomin' Brands from $27.00 to $29.00 and gave the company a "market perform" rating in a research report on Monday, February 26th. JPMorgan Chase & Co. cut Bloomin' Brands from an "overweight" rating to a "neutral" rating and set a $26.00 target price on the stock. in a research report on Tuesday, January 23rd. Finally, Raymond James raised their target price on Bloomin' Brands from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Wednesday, January 3rd.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its stake in Bloomin' Brands by 683.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,261 shares of the restaurant operator's stock worth $31,000 after purchasing an additional 1,100 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Bloomin' Brands in the 3rd quarter worth approximately $32,000. TFO Wealth Partners LLC lifted its stake in Bloomin' Brands by 284,000.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,841 shares of the restaurant operator's stock worth $80,000 after purchasing an additional 2,840 shares in the last quarter. CWM LLC lifted its stake in Bloomin' Brands by 54.8% in the 3rd quarter. CWM LLC now owns 3,460 shares of the restaurant operator's stock worth $85,000 after purchasing an additional 1,225 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in Bloomin' Brands by 23.5% in the 3rd quarter. Assetmark Inc. now owns 4,026 shares of the restaurant operator's stock worth $99,000 after purchasing an additional 765 shares in the last quarter.

Bloomin' Brands Stock Performance

BLMN traded down $0.06 during midday trading on Friday, hitting $26.93. 962,775 shares of the company were exchanged, compared to its average volume of 1,191,183. The company's 50 day simple moving average is $27.77 and its 200 day simple moving average is $26.08. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 10.64, a price-to-earnings-growth ratio of 10.38 and a beta of 2.00. The company has a current ratio of 0.34, a quick ratio of 0.27 and a debt-to-equity ratio of 1.89. Bloomin' Brands has a 1-year low of $22.03 and a 1-year high of $30.13.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last announced its quarterly earnings results on Friday, February 23rd. The restaurant operator reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.06. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.20 billion. Bloomin' Brands had a return on equity of 73.67% and a net margin of 5.30%. The firm's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the firm earned $0.68 EPS. As a group, sell-side analysts predict that Bloomin' Brands will post 2.55 earnings per share for the current year.

Bloomin' Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.56%. The ex-dividend date was Tuesday, March 5th. Bloomin' Brands's payout ratio is 37.94%.

Bloomin' Brands Company Profile

Bloomin' Brands, Inc, through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. The company operates through two segments, U.S. and International. Its restaurant portfolio has four concepts, including Outback Steakhouse, a casual steakhouse restaurant; Carrabba's Italian Grill, a casual Italian restaurant; Bonefish Grill; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.