Bloomin' Brands (NASDAQ:BLMN) Reaches New 1-Year Low - Here's Why

Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report) reached a new 52-week low on Friday . The stock traded as low as $13.11 and last traded at $13.19, with a volume of 717500 shares trading hands. The stock had previously closed at $13.43.

Analyst Upgrades and Downgrades

BLMN has been the topic of several recent research reports. StockNews.com raised Bloomin' Brands from a "sell" rating to a "hold" rating in a research note on Wednesday, November 6th. BMO Capital Markets lowered their price target on shares of Bloomin' Brands from $27.00 to $20.00 and set a "market perform" rating for the company in a research report on Wednesday, August 7th. Citigroup cut their price objective on shares of Bloomin' Brands from $22.00 to $20.00 and set a "neutral" rating on the stock in a report on Monday, August 19th. UBS Group decreased their target price on shares of Bloomin' Brands from $26.00 to $18.00 and set a "neutral" rating for the company in a research note on Wednesday, August 7th. Finally, Raymond James cut Bloomin' Brands from an "outperform" rating to a "market perform" rating in a research report on Monday, November 11th. Ten research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Bloomin' Brands presently has a consensus rating of "Hold" and a consensus target price of $19.70.

Bloomin' Brands Price Performance

The firm has a 50-day moving average of $16.05 and a 200-day moving average of $18.41. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.26 and a current ratio of 0.31. The firm has a market capitalization of $1.12 billion, a P/E ratio of -119.99 and a beta of 2.04.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last released its quarterly earnings data on Friday, November 8th. The restaurant operator reported $0.21 EPS for the quarter, beating 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 analysts' expectations of $1.04 billion. During the same period last year, the firm posted $0.44 earnings per share. Bloomin' Brands's revenue was down 5.1% compared to the same quarter last year. As a group, analysts predict that Bloomin' Brands, Inc. will post 1.81 EPS for the current year.

Bloomin' Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Monday, November 25th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 7.27%. The ex-dividend date is Monday, November 25th. Bloomin' Brands's dividend payout ratio (DPR) is currently -872.65%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BLMN. Sei Investments Co. lifted its holdings in Bloomin' Brands by 6.5% during the first quarter. Sei Investments Co. now owns 200,446 shares of the restaurant operator's stock valued at $5,749,000 after purchasing an additional 12,192 shares in the last quarter. Headlands Technologies LLC bought a new position in Bloomin' Brands in the 1st quarter worth $30,000. Russell Investments Group Ltd. increased its stake in Bloomin' Brands by 3.7% in the 1st quarter. Russell Investments Group Ltd. now owns 267,338 shares of the restaurant operator's stock worth $7,667,000 after buying an additional 9,658 shares in the last quarter. ProShare Advisors LLC raised its holdings in Bloomin' Brands by 7.4% during the first quarter. ProShare Advisors LLC now owns 17,657 shares of the restaurant operator's stock valued at $506,000 after acquiring an additional 1,216 shares during the period. Finally, Entropy Technologies LP purchased a new position in shares of Bloomin' Brands in the first quarter valued at about $466,000.

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.