Bloomin’ Brands, Inc. (NASDAQ:BLMN) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) have earned a consensus recommendation of “Hold” from the eleven analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $19.09.

A number of equities research analysts recently commented on the company. Barclays decreased their price target on Bloomin’ Brands from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. The Goldman Sachs Group began coverage on Bloomin’ Brands in a research report on Thursday, December 5th. They issued a “sell” rating and a $13.00 price objective on the stock. JPMorgan Chase & Co. reduced their price target on Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 12th. Bank of America reduced their price target on Bloomin’ Brands from $22.00 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 22nd. Finally, StockNews.com raised Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th.

Bloomin’ Brands Trading Down 2.1 %

Bloomin’ Brands stock opened at $12.45 on Friday. The business has a 50 day moving average price of $14.74 and a two-hundred day moving average price of $17.03. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 4.46. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of -113.18 and a beta of 1.95. Bloomin’ Brands has a 12 month low of $12.26 and a 12 month high of $30.13.

Bloomin’ Brands (NASDAQ:BLMN) last issued its earnings results on Friday, November 8th. The restaurant operator reported $0.21 earnings per share (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 business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the firm posted $0.44 EPS. Bloomin’ Brands’s quarterly revenue was down 5.1% compared to the same quarter last year. As a group, equities analysts forecast that Bloomin’ Brands will post 1.8 EPS for the current year.

Bloomin’ Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Monday, November 25th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 7.71%. The ex-dividend date was Monday, November 25th. Bloomin’ Brands’s dividend payout ratio is -872.73%.

Institutional Trading of Bloomin’ Brands

Several hedge funds and other institutional investors have recently modified their holdings of BLMN. Gladius Capital Management LP bought a new position in shares of Bloomin’ Brands in the 3rd quarter valued at about $26,000. KBC Group NV grew its holdings in shares of Bloomin’ Brands by 79.1% in the 3rd quarter. KBC Group NV now owns 3,371 shares of the restaurant operator’s stock valued at $56,000 after acquiring an additional 1,489 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Bloomin’ Brands in the 2nd quarter valued at about $111,000. Point72 DIFC Ltd bought a new position in shares of Bloomin’ Brands in the 2nd quarter valued at about $169,000. Finally, Olympiad Research LP bought a new position in shares of Bloomin’ Brands in the 3rd quarter valued at about $202,000.

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.