Bloomin’ Brands, Inc. (NASDAQ:BLMN) Receives $19.70 Average PT from Brokerages

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) have received an average recommendation of “Hold” from the ten analysts that are currently covering the company, Marketbeat reports. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $19.70.

Several research firms recently weighed in on BLMN. Citigroup decreased their price target on Bloomin’ Brands from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, August 19th. UBS Group lowered their target price on shares of Bloomin’ Brands from $26.00 to $18.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Raymond James cut shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. StockNews.com raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Bloomin’ Brands from $26.00 to $19.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC bought a new stake in shares of Bloomin’ Brands in the 1st quarter valued at about $30,000. Gladius Capital Management LP purchased a new position in Bloomin’ Brands during the third quarter valued at approximately $26,000. EntryPoint Capital LLC raised its stake in Bloomin’ Brands by 6,454.9% in the first quarter. EntryPoint Capital LLC now owns 3,343 shares of the restaurant operator’s stock worth $96,000 after buying an additional 3,292 shares in the last quarter. KBC Group NV lifted its holdings in Bloomin’ Brands by 79.1% during the third quarter. KBC Group NV now owns 3,371 shares of the restaurant operator’s stock worth $56,000 after buying an additional 1,489 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Bloomin’ Brands during the 2nd quarter valued at $111,000.

Bloomin’ Brands Stock Performance

Bloomin’ Brands stock opened at $13.20 on Wednesday. The company’s 50-day moving average price is $16.13 and its 200-day moving average price is $18.51. The company has a quick ratio of 0.26, a current ratio of 0.31 and a debt-to-equity ratio of 4.46. The company has a market cap of $1.12 billion, a PE ratio of -119.99 and a beta of 2.04. Bloomin’ Brands has a twelve month low of $13.07 and a twelve month high of $30.13.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings data on Friday, November 8th. The restaurant operator reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.02. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Bloomin’ Brands had a positive return on equity of 62.18% and a negative net margin of 0.12%. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 earnings per share. On average, equities research analysts forecast that Bloomin’ Brands will post 1.81 EPS for the current fiscal year.

Bloomin’ Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Monday, November 25th will be issued a dividend of $0.24 per share. The ex-dividend date is Monday, November 25th. This represents a $0.96 annualized dividend and a yield of 7.27%. Bloomin’ Brands’s payout ratio is currently -872.65%.

About Bloomin’ Brands

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.