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

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) have received an average rating of “Hold” from the eleven analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $18.00.

BLMN has been the subject of several recent research reports. Barclays decreased their price target on Bloomin’ Brands from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Piper Sandler decreased their target price on shares of Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, November 11th. The Goldman Sachs Group began coverage on shares of Bloomin’ Brands in a research report on Thursday, December 5th. They issued a “sell” rating and a $13.00 price target on the stock. Raymond James lowered shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. Finally, StockNews.com raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th.

Bloomin’ Brands Stock Up 3.6 %

NASDAQ:BLMN opened at $12.62 on Thursday. 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 has a one year low of $11.24 and a one year high of $30.13. The firm’s 50 day simple moving average is $13.42 and its 200 day simple moving average is $16.04. The company has a market cap of $1.07 billion, a PE ratio of -114.72 and a beta of 1.97.

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 company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.04 billion. Bloomin’ Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. Bloomin’ Brands’s revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.44 earnings per share. On average, research analysts anticipate that Bloomin’ Brands will post 1.8 earnings per share for the current year.

Bloomin’ Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Monday, November 25th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.61%. Bloomin’ Brands’s dividend payout ratio (DPR) is presently -872.73%.

Institutional Trading of Bloomin’ Brands

Large investors have recently made changes to their positions in the company. Gladius Capital Management LP acquired a new position in Bloomin’ Brands during the third quarter worth $26,000. KBC Group NV increased its position in shares of 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 acquiring an additional 1,489 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Bloomin’ Brands by 606.6% in the 4th quarter. GAMMA Investing LLC now owns 4,890 shares of the restaurant operator’s stock worth $60,000 after acquiring an additional 4,198 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Bloomin’ Brands in the 2nd quarter valued at about $111,000. Finally, Point72 DIFC Ltd acquired a new position in Bloomin’ Brands during the 2nd quarter valued at about $169,000.

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.