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

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) have received an average recommendation of “Hold” from the eleven research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $18.00.

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

Institutional Investors Weigh In On Bloomin’ Brands

Institutional investors have recently made changes to their positions in the stock. Gladius Capital Management LP purchased a new position in shares of Bloomin’ Brands in the third quarter valued at $26,000. KBC Group NV boosted its stake in Bloomin’ Brands by 79.1% in the 3rd quarter. KBC Group NV now owns 3,371 shares of the restaurant operator’s stock worth $56,000 after purchasing an additional 1,489 shares during the period. GAMMA Investing LLC grew its holdings in Bloomin’ Brands by 606.6% during the 4th quarter. GAMMA Investing LLC now owns 4,890 shares of the restaurant operator’s stock valued at $60,000 after buying an additional 4,198 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Bloomin’ Brands during the 2nd quarter valued at about $111,000. Finally, Point72 DIFC Ltd bought a new stake in shares of Bloomin’ Brands during the second quarter valued at about $169,000.

Bloomin’ Brands Price Performance

BLMN opened at $12.62 on Thursday. Bloomin’ Brands has a 1 year low of $11.24 and a 1 year high of $30.13. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.22. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of -114.72 and a beta of 1.97. The firm’s fifty day moving average price is $13.42 and its two-hundred day moving average price is $16.04.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings results 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. Bloomin’ Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The business 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 company earned $0.44 earnings per share. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. As a group, analysts anticipate that Bloomin’ Brands will post 1.8 earnings per share for the current fiscal year.

Bloomin’ Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Monday, November 25th were paid a $0.24 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.96 annualized dividend and a dividend yield of 7.61%. Bloomin’ Brands’s payout ratio is -872.73%.

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.