Analysts Set Bloomin’ Brands, Inc. (NASDAQ:BLMN) PT at $19.70

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

Several equities research analysts recently weighed in on BLMN shares. BMO Capital Markets decreased their price objective on Bloomin’ Brands from $27.00 to $20.00 and set a “market perform” rating for the company in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on Bloomin’ Brands from $26.00 to $19.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. StockNews.com raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Bank of America cut their target price 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, Citigroup dropped their price objective on Bloomin’ Brands from $22.00 to $20.00 and set a “neutral” rating for the company in a report on Monday, August 19th.

Bloomin’ Brands Trading Down 1.7 %

Shares of Bloomin’ Brands stock opened at $13.20 on Wednesday. The stock has a fifty day simple moving average of $16.13 and a 200 day simple moving average of $18.51. The company has a market capitalization of $1.12 billion, a P/E ratio of -119.99 and a beta of 2.04. The company has a current ratio of 0.31, a quick ratio of 0.26 and a debt-to-equity ratio of 4.46. Bloomin’ Brands has a 12-month low of $13.07 and a 12-month high of $30.13.

Bloomin’ Brands (NASDAQ:BLMN) last issued 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. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.04 billion. Bloomin’ Brands had a positive return on equity of 62.18% and a negative net margin of 0.12%. Bloomin’ Brands’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period last year, the company posted $0.44 earnings per share. On average, sell-side analysts anticipate that Bloomin’ Brands will post 1.81 earnings per share for the current fiscal year.

Bloomin’ Brands Announces Dividend

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

Institutional Trading of Bloomin’ Brands

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Gladius Capital Management LP bought a new stake in shares of Bloomin’ Brands in the 3rd quarter worth $26,000. Headlands Technologies LLC bought a new position in shares of Bloomin’ Brands in the first quarter worth about $30,000. KBC Group NV grew its holdings in Bloomin’ Brands by 79.1% during the 3rd quarter. KBC Group NV now owns 3,371 shares of the restaurant operator’s stock valued at $56,000 after buying an additional 1,489 shares in the last quarter. EntryPoint Capital LLC increased its holdings in Bloomin’ Brands by 6,454.9% in the 1st quarter. EntryPoint Capital LLC now owns 3,343 shares of the restaurant operator’s stock valued at $96,000 after acquiring an additional 3,292 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Bloomin’ Brands in the second quarter worth about $111,000.

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.