Analysts Set Bloomin' Brands, Inc. (NASDAQ:BLMN) PT at $19.09

Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report) has been given a consensus recommendation of "Hold" by the eleven research firms that are covering the firm, MarketBeat.com reports. One research 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 twelve-month target price among brokers that have issued a report on the stock in the last year is $19.09.

A number of research analysts have recently issued reports on BLMN shares. JPMorgan Chase & Co. dropped their price objective on Bloomin' Brands from $19.00 to $14.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 12th. Piper Sandler dropped their price target on Bloomin' Brands from $20.00 to $16.00 and set a "neutral" rating on the stock in a research note on Monday, November 11th. Bank of America reduced their price objective on shares of Bloomin' Brands from $22.00 to $19.00 and set a "neutral" rating for the company in a research report on Tuesday, October 22nd. Raymond James downgraded shares of Bloomin' Brands from an "outperform" rating to a "market perform" rating in a research report on Monday, November 11th. Finally, StockNews.com upgraded shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a report on Wednesday, November 6th.

Institutional Trading of Bloomin' Brands

Hedge funds and other institutional investors have recently bought and sold shares of the company. Gladius Capital Management LP bought a new stake in Bloomin' Brands in the 3rd quarter worth $26,000. KBC Group NV grew its stake in shares of Bloomin' Brands by 79.1% in the third 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 last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Bloomin' Brands during the 2nd quarter valued at about $111,000. Point72 DIFC Ltd bought a new position in Bloomin' Brands during the 2nd quarter valued at approximately $169,000. Finally, Olympiad Research LP bought a new stake in shares of Bloomin' Brands in the 3rd quarter worth approximately $202,000.

Bloomin' Brands Price Performance

Shares of BLMN traded down $0.25 during trading hours on Thursday, reaching $11.96. The stock had a trading volume of 2,403,182 shares, compared to its average volume of 1,550,702. Bloomin' Brands has a 12 month low of $11.24 and a 12 month high of $30.13. The company's 50-day moving average is $13.57 and its two-hundred day moving average is $16.18. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.22 and a current ratio of 0.31. The stock has a market capitalization of $1.01 billion, a PE ratio of -108.72 and a beta of 1.95.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) 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. Bloomin' Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the business earned $0.44 earnings per share. Bloomin' Brands's revenue was down 5.1% compared to the same quarter last year. Research analysts expect that Bloomin' Brands will post 1.8 EPS for the current year.

Bloomin' Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors 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 dividend on an annualized basis and a yield of 8.03%. Bloomin' Brands's dividend payout ratio is presently -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.