Bloomin' Brands, Inc. (NASDAQ:BLMN) Receives $19.70 Consensus Target Price from Analysts

Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report) has earned an average rating of "Hold" from the ten analysts that are covering the company, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $19.70.

A number of equities research analysts have weighed in on the stock. StockNews.com upgraded shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a research note on Wednesday, November 6th. BMO Capital Markets decreased their price objective on Bloomin' Brands from $27.00 to $20.00 and set a "market perform" rating on the stock in a report on Wednesday, August 7th. Citigroup dropped their target price on Bloomin' Brands from $22.00 to $20.00 and set a "neutral" rating for the company in a report on Monday, August 19th. 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 note on Monday. Finally, Piper Sandler dropped their price objective on Bloomin' Brands from $20.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday.

Institutional Investors Weigh In On Bloomin' Brands

A number of institutional investors and hedge funds have recently made changes to their positions in BLMN. Gladius Capital Management LP bought a new position in shares of Bloomin' Brands in the 3rd quarter valued at about $26,000. Headlands Technologies LLC acquired a new stake in Bloomin' Brands during the 1st quarter worth $30,000. KBC Group NV raised its position in shares of 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 acquiring an additional 1,489 shares during the last quarter. EntryPoint Capital LLC lifted its stake in shares of 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 purchasing an additional 3,292 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Bloomin' Brands in the 2nd quarter worth $111,000.

Bloomin' Brands Stock Up 1.9 %

Shares of BLMN traded up $0.26 during trading hours on Wednesday, reaching $13.61. 1,319,158 shares of the company traded hands, compared to its average volume of 1,510,022. The company has a quick ratio of 0.26, a current ratio of 0.31 and a debt-to-equity ratio of 4.46. The stock's fifty day moving average is $16.35 and its 200 day moving average is $18.67. Bloomin' Brands has a 1-year low of $13.11 and a 1-year high of $30.13.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last posted its quarterly earnings results on Friday, November 8th. The restaurant operator reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02. The firm had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1.04 billion. Bloomin' Brands had a positive return on equity of 62.18% and a negative net margin of 0.12%. The company's revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 EPS. Equities research analysts forecast that Bloomin' Brands will post 1.8 earnings per share for the current fiscal year.

Bloomin' Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Monday, November 25th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 7.05%. The ex-dividend date of this dividend is Monday, November 25th. Bloomin' Brands's dividend payout ratio (DPR) is presently -872.65%.

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.