Bloomin' Brands, Inc. (NASDAQ:BLMN) Receives $19.09 Average PT from Analysts

Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report) has been assigned an average rating of "Hold" from the eleven brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $19.09.

Several equities research analysts recently commented on the stock. Raymond James downgraded shares of Bloomin' Brands from an "outperform" rating to a "market perform" rating in a research report on Monday, November 11th. Barclays decreased their target price on Bloomin' Brands from $20.00 to $19.00 and set an "overweight" rating for the company in a research report on Monday, November 11th. StockNews.com raised Bloomin' Brands from a "sell" rating to a "hold" rating in a research report on Wednesday, November 6th. 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. Finally, Citigroup lowered their target price on Bloomin' Brands from $22.00 to $20.00 and set a "neutral" rating on the stock in a research note on Monday, August 19th.

Institutional Trading of Bloomin' Brands

Several large investors have recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC increased its holdings in shares of Bloomin' Brands by 2.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 27,857 shares of the restaurant operator's stock valued at $536,000 after acquiring an additional 718 shares during the last quarter. Verdence Capital Advisors LLC boosted its position in Bloomin' Brands by 6.6% during the third quarter. Verdence Capital Advisors LLC now owns 12,676 shares of the restaurant operator's stock worth $210,000 after purchasing an additional 780 shares during the period. Hsbc Holdings PLC boosted its position in Bloomin' Brands by 8.7% during the second quarter. Hsbc Holdings PLC now owns 13,567 shares of the restaurant operator's stock worth $258,000 after purchasing an additional 1,083 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Bloomin' Brands by 8.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,204 shares of the restaurant operator's stock valued at $331,000 after purchasing an additional 1,354 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Bloomin' Brands by 2.9% in the third quarter. Franklin Resources Inc. now owns 50,007 shares of the restaurant operator's stock valued at $773,000 after purchasing an additional 1,392 shares during the period.

Bloomin' Brands Stock Up 0.3 %

NASDAQ:BLMN traded up $0.04 on Friday, reaching $12.89. The stock had a trading volume of 1,205,270 shares, compared to its average volume of 2,157,740. Bloomin' Brands has a 12-month low of $12.26 and a 12-month high of $30.13. The stock has a market cap of $1.09 billion, a P/E ratio of -117.18 and a beta of 1.95. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 4.46. The company has a 50-day moving average of $15.03 and a 200 day moving average of $17.24.

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

Bloomin' Brands Dividend Announcement

The firm 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 dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 7.45%. The ex-dividend date is Monday, November 25th. Bloomin' Brands's payout ratio is presently -872.73%.

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.