Bloomin’ Brands (BLMN) – Analysts’ Weekly Ratings Updates

Several analysts have recently updated their ratings and price targets for Bloomin’ Brands (NASDAQ: BLMN):

• 11/12/2024 – Bloomin’ Brands had its price target lowered by analysts at JPMorgan Chase & Co. from $19.00 to $14.00. They now have a “neutral” rating on the stock.
• 11/11/2024 – Bloomin’ Brands had its price target lowered by analysts at Barclays PLC from $20.00 to $19.00. They now have an “overweight” rating on the stock.
• 11/11/2024 – Bloomin’ Brands had its price target lowered by analysts at Piper Sandler from $20.00 to $16.00. They now have a “neutral” rating on the stock.
• 11/11/2024 – Bloomin’ Brands was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating.
• 11/6/2024 – Bloomin’ Brands was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 10/29/2024 – Bloomin’ Brands was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 10/22/2024 – Bloomin’ Brands had its price target lowered by analysts at Barclays PLC from $22.00 to $20.00. They now have an “overweight” rating on the stock.
• 10/22/2024 – Bloomin’ Brands had its price target lowered by analysts at Bank of America Co. from $22.00 to $19.00. They now have a “neutral” rating on the stock.
• 10/21/2024 – Bloomin’ Brands was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 10/12/2024 – Bloomin’ Brands was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 10/3/2024 – Bloomin’ Brands was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.

Bloomin’ Brands Stock Performance

Shares of NASDAQ:BLMN traded down $0.49 during mid-day trading on Tuesday, reaching $13.67. 338,799 shares of the company traded hands, compared to its average volume of 1,522,660. The company’s 50 day moving average price is $15.64 and its 200-day moving average price is $17.83. The firm has a market cap of $1.16 billion, a PE ratio of -124.26 and a beta of 2.04. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.22. Bloomin’ Brands, Inc. has a 52 week low of $12.26 and a 52 week high of $30.13.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings results on Friday, November 8th. The restaurant operator reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. Bloomin’ Brands had a positive return on equity of 62.18% and a negative net margin of 0.12%. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the firm earned $0.44 EPS. The firm’s revenue was down 5.1% compared to the same quarter last year. On average, equities analysts expect that Bloomin’ Brands, Inc. will post 1.8 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. Stockholders 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 dividend yield of 7.02%. Bloomin’ Brands’s dividend payout ratio (DPR) is -872.65%.

Institutional Trading of Bloomin’ Brands

Several hedge funds have recently modified their holdings of the company. O Shaughnessy Asset Management LLC raised its holdings in Bloomin’ Brands by 29.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 17,036 shares of the restaurant operator’s stock valued at $489,000 after buying an additional 3,903 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Bloomin’ Brands by 3.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,125,008 shares of the restaurant operator’s stock valued at $32,267,000 after buying an additional 41,128 shares during the period. Bayesian Capital Management LP purchased a new stake in Bloomin’ Brands during the 1st quarter valued at $219,000. Jaffetilchin Investment Partners LLC purchased a new stake in Bloomin’ Brands during the 1st quarter valued at $428,000. Finally, EMC Capital Management raised its holdings in Bloomin’ Brands by 155.0% during the 1st quarter. EMC Capital Management now owns 15,829 shares of the restaurant operator’s stock valued at $454,000 after buying an additional 9,621 shares during the period.

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.