Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report)'s share price reached a new 52-week low on Tuesday . The company traded as low as $11.03 and last traded at $11.22, with a volume of 1679242 shares. The stock had previously closed at $11.45.
Analysts Set New Price Targets
Several research firms have commented on BLMN. The Goldman Sachs Group assumed coverage on shares of Bloomin' Brands in a research report on Thursday, December 5th. They set a "sell" rating and a $13.00 price target for the company. StockNews.com raised Bloomin' Brands from a "sell" rating to a "hold" rating in a research report on Wednesday, November 6th. Raymond James cut Bloomin' Brands from an "outperform" rating to a "market perform" rating in a research note on Monday, November 11th. UBS Group dropped their price target on Bloomin' Brands from $16.00 to $13.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Finally, Bank of America decreased their price objective on shares of Bloomin' Brands from $22.00 to $19.00 and set a "neutral" rating for the company in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company's stock. Based on data from MarketBeat, Bloomin' Brands has an average rating of "Hold" and a consensus target price of $16.90.
Get Our Latest Research Report on BLMN
Bloomin' Brands Stock Up 2.0 %
The business has a 50-day moving average price of $12.94 and a 200-day moving average price of $15.79. The stock has a market cap of $971.45 million, a PE ratio of -104.08 and a beta of 1.97. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 4.46.
Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. Bloomin' Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the firm posted $0.44 earnings per share. The company's revenue was down 5.1% compared to the same quarter last year. As a group, analysts forecast that Bloomin' Brands, Inc. will post 1.8 earnings per share for the current year.
Bloomin' Brands Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Monday, November 25th were given a $0.24 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.96 annualized dividend and a dividend yield of 8.38%. Bloomin' Brands's dividend payout ratio (DPR) is presently -872.73%.
Institutional Investors Weigh In On Bloomin' Brands
A number of large investors have recently modified their holdings of the business. Gladius Capital Management LP acquired a new position in Bloomin' Brands during the third quarter worth about $26,000. KBC Group NV boosted its holdings in shares of Bloomin' Brands by 79.1% during 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. GAMMA Investing LLC grew its position in shares of Bloomin' Brands by 606.6% in the fourth quarter. GAMMA Investing LLC now owns 4,890 shares of the restaurant operator's stock valued at $60,000 after purchasing an additional 4,198 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Bloomin' Brands in the second quarter valued at approximately $111,000. Finally, Point72 DIFC Ltd purchased a new position in Bloomin' Brands during the second quarter worth approximately $169,000.
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.
Further Reading
Before you consider Bloomin' Brands, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bloomin' Brands wasn't on the list.
While Bloomin' Brands currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
