Bloomin' Brands (NASDAQ:BLMN) Sets New 1-Year Low - Should You Sell?

Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report)'s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $8.43 and last traded at $8.44, with a volume of 4172833 shares trading hands. The stock had previously closed at $9.38.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BLMN. Barclays set a $11.00 target price on shares of Bloomin' Brands and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. UBS Group cut their price target on Bloomin' Brands from $16.00 to $13.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. The Goldman Sachs Group lowered their price objective on shares of Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating on the stock in a research note on Thursday, February 27th. StockNews.com raised shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a research report on Friday. Finally, JPMorgan Chase & Co. reduced their price target on shares of Bloomin' Brands from $19.00 to $14.00 and set a "neutral" rating for the company in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $15.00.

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Bloomin' Brands Stock Performance

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 firm has a market capitalization of $746.54 million, a price-to-earnings ratio of -79.90 and a beta of 1.97. The stock has a fifty day moving average price of $11.58 and a 200-day moving average price of $14.00.

Bloomin' Brands Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th will be paid 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 yield of 6.83%. Bloomin' Brands's dividend payout ratio is currently -40.27%.

Insider Activity

In other news, EVP Patrick M. Hafner sold 9,555 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $8.32, for a total transaction of $79,497.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.14% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bloomin' Brands

A number of large investors have recently bought and sold shares of the business. Verdence Capital Advisors LLC boosted its stake in Bloomin' Brands by 6.6% in the third quarter. Verdence Capital Advisors LLC now owns 12,676 shares of the restaurant operator's stock valued at $210,000 after acquiring an additional 780 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Bloomin' Brands by 2.9% in the 3rd 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. KBC Group NV boosted its position in shares of Bloomin' Brands by 79.1% in the 3rd quarter. KBC Group NV now owns 3,371 shares of the restaurant operator's stock worth $56,000 after purchasing an additional 1,489 shares during the last quarter. Gladius Capital Management LP acquired a new stake in shares of Bloomin' Brands during the third quarter worth $26,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Bloomin' Brands during the fourth quarter worth $27,000.

Bloomin' Brands Company Profile

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.