Bloomin' Brands (NASDAQ:BLMN) Upgraded by StockNews.com to "Hold" Rating

StockNews.com upgraded shares of Bloomin' Brands (NASDAQ:BLMN - Free Report) from a sell rating to a hold rating in a research report released on Wednesday.

BLMN has been the subject of a number of other reports. UBS Group decreased their target price on shares of Bloomin' Brands from $16.00 to $13.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Barclays reiterated an "equal weight" rating and set a $13.00 target price (down from $19.00) on shares of Bloomin' Brands in a research note on Tuesday, January 7th. Piper Sandler decreased their target price on shares of Bloomin' Brands from $20.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, November 11th. Bank of America downgraded shares of Bloomin' Brands from a "neutral" rating to an "underperform" rating and cut their price objective for the company from $18.00 to $13.00 in a research report on Monday, January 27th. Finally, Raymond James downgraded shares of Bloomin' Brands from an "outperform" rating to a "market perform" rating in a research report on Monday, November 11th. Two research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company's stock. Based on data from MarketBeat, Bloomin' Brands presently has a consensus rating of "Hold" and a consensus target price of $15.00.

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Bloomin' Brands Stock Down 6.4 %

NASDAQ BLMN traded down $0.64 during mid-day trading on Wednesday, reaching $9.38. The stock had a trading volume of 4,281,578 shares, compared to its average volume of 2,059,879. Bloomin' Brands has a 1 year low of $9.16 and a 1 year high of $30.13. The stock has a market cap of $795.83 million, a PE ratio of -85.26 and a beta of 1.97. The company has a fifty day moving average price of $11.85 and a 200 day moving average price of $14.22. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.22.

Bloomin' Brands Cuts Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 6.40%. Bloomin' Brands's payout ratio is -40.27%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BLMN. Gladius Capital Management LP purchased a new position in shares of Bloomin' Brands during the third quarter valued at about $26,000. Headlands Technologies LLC purchased a new position in shares of Bloomin' Brands during the fourth quarter valued at about $27,000. Public Employees Retirement System of Ohio purchased a new position in shares of Bloomin' Brands during the fourth quarter valued at about $32,000. Meeder Asset Management Inc. purchased a new position in shares of Bloomin' Brands during the fourth quarter valued at about $41,000. Finally, New Age Alpha Advisors LLC purchased a new position in Bloomin' Brands in the fourth quarter worth about $45,000.

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.