Bloomin’ Brands, Inc. (NASDAQ:BLMN) Receives Consensus Recommendation of “Hold” from Analysts

Bloomin’ Brands, Inc. (NASDAQ:BLMN) has been assigned an average rating of “Hold” from the nine research firms that are covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $22.33.

Several equities analysts recently commented on the stock. UBS Group dropped their price target on shares of Bloomin’ Brands from $26.00 to $18.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Morgan Stanley dropped their target price on shares of Bloomin’ Brands from $26.00 to $22.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. JPMorgan Chase & Co. decreased their price objective on shares of Bloomin’ Brands from $26.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, May 28th. BMO Capital Markets cut their target price on shares of Bloomin’ Brands from $27.00 to $20.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 7th. Finally, StockNews.com lowered shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a report on Friday, August 9th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Bloomin’ Brands during the 2nd quarter worth approximately $111,000. Sanctuary Advisors LLC bought a new stake in Bloomin’ Brands in the second quarter valued at $351,000. Dana Investment Advisors Inc. boosted its holdings in shares of Bloomin’ Brands by 28.7% during the second quarter. Dana Investment Advisors Inc. now owns 70,666 shares of the restaurant operator’s stock valued at $1,359,000 after acquiring an additional 15,756 shares during the period. Aurora Investment Counsel boosted its holdings in shares of Bloomin’ Brands by 52.7% during the second quarter. Aurora Investment Counsel now owns 20,815 shares of the restaurant operator’s stock valued at $400,000 after acquiring an additional 7,188 shares during the period. Finally, Systematic Financial Management LP grew its position in shares of Bloomin’ Brands by 76.5% during the second quarter. Systematic Financial Management LP now owns 544,742 shares of the restaurant operator’s stock worth $10,475,000 after acquiring an additional 236,037 shares during the last quarter.

Bloomin’ Brands Price Performance

Bloomin’ Brands stock opened at $16.76 on Tuesday. The firm’s 50-day simple moving average is $17.79 and its 200 day simple moving average is $21.54. The firm has a market capitalization of $1.45 billion, a PE ratio of 26.19 and a beta of 2.05. Bloomin’ Brands has a 52 week low of $15.20 and a 52 week high of $30.13. The company has a quick ratio of 0.26, a current ratio of 0.35 and a debt-to-equity ratio of 3.46.

Bloomin’ Brands (NASDAQ:BLMN) last announced its earnings results on Tuesday, August 6th. The restaurant operator reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.07). Bloomin’ Brands had a net margin of 0.70% and a return on equity of 61.90%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the firm posted $0.74 EPS. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, equities research analysts predict that Bloomin’ Brands will post 2.08 EPS for the current fiscal year.

Bloomin’ Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Tuesday, August 20th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.73%. The ex-dividend date of this dividend was Tuesday, August 20th. Bloomin’ Brands’s dividend payout ratio is currently 150.00%.

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.