Bloomin' Brands (NASDAQ:BLMN) Given "Equal Weight" Rating at Barclays

Barclays reiterated their equal weight rating on shares of Bloomin' Brands (NASDAQ:BLMN - Free Report) in a report released on Tuesday, Marketbeat reports. The firm currently has a $13.00 price target on the restaurant operator's stock, down from their previous price target of $19.00.

A number of other analysts also recently issued reports on BLMN. Piper Sandler cut their price objective on Bloomin' Brands from $20.00 to $16.00 and set a "neutral" rating for the company in a research report on Monday, November 11th. Raymond James downgraded shares of Bloomin' Brands from an "outperform" rating to a "market perform" rating in a research note on Monday, November 11th. Bank of America lowered 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. StockNews.com raised Bloomin' Brands from a "sell" rating to a "hold" rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group started coverage on Bloomin' Brands in a research note on Thursday, December 5th. They set a "sell" rating and a $13.00 price target on the stock. One investment analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $16.90.

Bloomin' Brands Trading Down 5.9 %

Bloomin' Brands stock traded down $0.75 during trading on Tuesday, reaching $11.87. 1,806,870 shares of the company were exchanged, compared to its average volume of 2,100,958. The stock's 50 day simple moving average is $13.42 and its two-hundred day simple moving average is $16.04. The company has a market capitalization of $1.01 billion, a P/E ratio of -107.90 and a beta of 1.97. 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 has a 52-week low of $11.24 and a 52-week high of $30.13.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last posted its quarterly earnings results on Friday, November 8th. The restaurant operator reported $0.21 EPS for the quarter, topping 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 business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the firm earned $0.44 EPS. The company's quarterly revenue was down 5.1% compared to the same quarter last year. On average, equities research analysts expect that Bloomin' Brands will post 1.8 earnings per share for the current fiscal year.

Bloomin' Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Monday, November 25th were issued a dividend of $0.24 per share. The ex-dividend date was Monday, November 25th. This represents a $0.96 annualized dividend and a yield of 8.09%. Bloomin' Brands's dividend payout ratio (DPR) is -872.73%.

Hedge Funds Weigh In On Bloomin' Brands

Several hedge funds and other institutional investors have recently made changes to their positions in BLMN. Dimensional Fund Advisors LP increased its position in shares of Bloomin' Brands by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,553,719 shares of the restaurant operator's stock valued at $49,105,000 after purchasing an additional 16,878 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Bloomin' Brands by 6.2% in the third quarter. Principal Financial Group Inc. now owns 2,529,130 shares of the restaurant operator's stock valued at $41,806,000 after buying an additional 147,895 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in Bloomin' Brands in the third quarter valued at $41,325,000. Victory Capital Management Inc. lifted its holdings in Bloomin' Brands by 29.6% during the 2nd quarter. Victory Capital Management Inc. now owns 2,492,119 shares of the restaurant operator's stock worth $47,923,000 after buying an additional 569,855 shares during the last quarter. Finally, Deprince Race & Zollo Inc. acquired a new position in shares of Bloomin' Brands during the 2nd quarter worth about $28,672,000.

About Bloomin' Brands

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.