Bloomin' Brands (NASDAQ:BLMN) Hits New 12-Month Low - Time to Sell?

Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $7.75 and last traded at $8.15, with a volume of 260839 shares changing hands. The stock had previously closed at $8.18.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BLMN shares. Bank of America downgraded shares of Bloomin' Brands from a "neutral" rating to an "underperform" rating and decreased their price target for the company from $18.00 to $13.00 in a research note on Monday, January 27th. JPMorgan Chase & Co. decreased their target price on Bloomin' Brands from $10.00 to $9.00 and set a "neutral" rating for the company in a research report on Thursday. StockNews.com upgraded Bloomin' Brands from a "sell" rating to a "hold" rating in a report on Friday, March 7th. BMO Capital Markets cut their price target on Bloomin' Brands from $16.00 to $12.00 and set a "market perform" rating on the stock in a research note on Thursday, February 27th. Finally, The Goldman Sachs Group lowered their price objective on shares of Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating for the company in a research note on Thursday, February 27th. Two research analysts have rated the stock with a sell rating and ten have given a hold rating to the company's stock. According to MarketBeat.com, Bloomin' Brands currently has a consensus rating of "Hold" and an average target price of $14.50.

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Bloomin' Brands Price Performance

The firm has a market capitalization of $660.76 million, a P/E ratio of -70.72 and a beta of 2.04. 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 stock's fifty day simple moving average is $10.79 and its 200 day simple moving average is $13.29.

Bloomin' Brands Cuts Dividend

The firm also recently declared 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.71%. The ex-dividend date is Tuesday, March 11th. Bloomin' Brands's payout ratio is presently -40.27%.

Insider Transactions at Bloomin' Brands

In related news, EVP Patrick M. Hafner sold 9,555 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $8.32, for a total value of $79,497.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.00% of the company's stock.

Institutional Trading of Bloomin' Brands

Large investors have recently bought and sold shares of the stock. Franklin Resources Inc. lifted its stake in shares of Bloomin' Brands by 2.9% during the third quarter. Franklin Resources Inc. now owns 50,007 shares of the restaurant operator's stock worth $773,000 after buying an additional 1,392 shares during the period. KBC Group NV lifted its position in 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 acquiring an additional 1,489 shares during the period. Headlands Technologies LLC purchased a new stake in Bloomin' Brands during the 4th quarter valued at about $27,000. Public Employees Retirement System of Ohio acquired a new position in shares of Bloomin' Brands in the fourth quarter valued at about $32,000. Finally, Rhumbline Advisers raised its stake in shares of Bloomin' Brands by 1.3% in the fourth quarter. Rhumbline Advisers now owns 238,093 shares of the restaurant operator's stock worth $2,907,000 after purchasing an additional 2,977 shares during the last quarter.

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.