Bloomin' Brands, Inc. (NASDAQ:BLMN) Receives Consensus Rating of "Reduce" from Brokerages

Shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report) have earned an average recommendation of "Reduce" from the eleven analysts that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and nine have issued a hold rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $14.50.

BLMN has been the subject of several research analyst reports. BMO Capital Markets cut their target price on shares of Bloomin' Brands from $16.00 to $12.00 and set a "market perform" rating for the company in a research note on Thursday, February 27th. StockNews.com upgraded Bloomin' Brands from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. The Goldman Sachs Group cut their price target on Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating for the company in a report on Thursday, February 27th. UBS Group decreased their price objective on Bloomin' Brands from $16.00 to $13.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Bloomin' Brands from $10.00 to $9.00 and set a "neutral" rating for the company in a research report on Thursday.

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Insider Transactions at Bloomin' Brands

In other Bloomin' Brands news, EVP Patrick M. Hafner sold 9,555 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $8.32, for a total value of $79,497.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.00% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BLMN. Gladius Capital Management LP purchased a new stake in shares of Bloomin' Brands in the 3rd quarter worth $26,000. Headlands Technologies LLC bought a new stake in shares of Bloomin' Brands in the fourth quarter valued at about $27,000. Public Employees Retirement System of Ohio purchased a new stake in Bloomin' Brands in the fourth quarter worth about $32,000. Meeder Asset Management Inc. bought a new position in Bloomin' Brands during the 4th quarter worth about $41,000. Finally, New Age Alpha Advisors LLC purchased a new position in Bloomin' Brands during the 4th quarter valued at about $45,000.

Bloomin' Brands Price Performance

NASDAQ BLMN traded down $0.32 during trading hours on Tuesday, reaching $7.78. The company's stock had a trading volume of 1,681,279 shares, compared to its average volume of 1,753,565. Bloomin' Brands has a 1 year low of $7.73 and a 1 year high of $29.10. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 4.46. The company has a market capitalization of $660.34 million, a price-to-earnings ratio of -70.40 and a beta of 2.04. The firm's 50-day moving average price is $10.86 and its 200-day moving average price is $13.36.

Bloomin' Brands Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $0.60 annualized dividend and a dividend yield of 7.72%. Bloomin' Brands's dividend payout ratio (DPR) is -40.27%.

About Bloomin' Brands

Bloomin' Brands, Inc engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.