Shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report) reached a new 52-week low on Friday . The company traded as low as $12.23 and last traded at $12.28, with a volume of 133098 shares traded. The stock had previously closed at $12.45.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the stock. Raymond James downgraded shares of Bloomin' Brands from an "outperform" rating to a "market perform" rating in a research note on Monday, November 11th. JPMorgan Chase & Co. decreased their price objective on shares of Bloomin' Brands from $19.00 to $14.00 and set a "neutral" rating for the company in a research report on Tuesday, November 12th. Bank of America lowered their target price on shares of Bloomin' Brands from $22.00 to $19.00 and set a "neutral" rating for the company in a research note on Tuesday, October 22nd. StockNews.com upgraded Bloomin' Brands from a "sell" rating to a "hold" rating in a research note on Wednesday, November 6th. Finally, Piper Sandler decreased their price target on Bloomin' Brands from $20.00 to $16.00 and set a "neutral" rating for the company in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $19.09.
Read Our Latest Research Report on BLMN
Bloomin' Brands Price Performance
The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.22. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of -111.54 and a beta of 1.95. The stock has a 50-day moving average price of $14.66 and a 200 day moving average price of $16.94.
Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last released its quarterly earnings results on Friday, November 8th. The restaurant operator reported $0.21 EPS for the quarter, topping the consensus estimate 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 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 company posted $0.44 earnings per share. The firm's revenue was down 5.1% compared to the same quarter last year. As a group, equities research analysts forecast that Bloomin' Brands, Inc. will post 1.8 earnings per share for the current fiscal year.
Bloomin' Brands Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Monday, November 25th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 7.82%. The ex-dividend date was Monday, November 25th. Bloomin' Brands's dividend payout ratio is currently -872.65%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Xcel Wealth Management LLC increased its position in Bloomin' Brands by 27.0% in the 2nd quarter. Xcel Wealth Management LLC now owns 207,853 shares of the restaurant operator's stock valued at $3,997,000 after acquiring an additional 44,187 shares during the period. SummerHaven Investment Management LLC increased its holdings in shares of Bloomin' Brands by 2.6% in the second quarter. SummerHaven Investment Management LLC now owns 27,857 shares of the restaurant operator's stock valued at $536,000 after purchasing an additional 718 shares during the period. Easterly Investment Partners LLC increased its holdings in shares of Bloomin' Brands by 4.2% in the second quarter. Easterly Investment Partners LLC now owns 588,864 shares of the restaurant operator's stock valued at $11,324,000 after purchasing an additional 23,466 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Bloomin' Brands by 8.5% in 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 period. Finally, Principal Financial Group Inc. raised its stake in shares of Bloomin' Brands by 0.3% during the second quarter. Principal Financial Group Inc. now owns 2,381,235 shares of the restaurant operator's stock worth $45,791,000 after purchasing an additional 6,107 shares during the last quarter.
About Bloomin' Brands
(
Get Free Report)
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.
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