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

Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report)'s share price hit a new 52-week low during trading on Thursday . The company traded as low as $11.91 and last traded at $11.97, with a volume of 1801514 shares. The stock had previously closed at $12.60.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Raymond James lowered Bloomin' Brands from an "outperform" rating to a "market perform" rating in a research note on Monday, November 11th. Barclays dropped their target price on shares of Bloomin' Brands from $20.00 to $19.00 and set an "overweight" rating on the stock in a research report on Monday, November 11th. The Goldman Sachs Group started coverage on shares of Bloomin' Brands in a report on Thursday, December 5th. They issued a "sell" rating and a $13.00 price target for the company. Piper Sandler dropped their price objective on shares of Bloomin' Brands from $20.00 to $16.00 and set a "neutral" rating on the stock in a report on Monday, November 11th. Finally, Bank of America reduced their target price on Bloomin' Brands from $22.00 to $19.00 and set a "neutral" rating for the company in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $19.09.

Bloomin' Brands Stock Performance

The stock has a market capitalization of $1.01 billion, a PE ratio of -108.35 and a beta of 1.95. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 4.46. The stock has a fifty day moving average of $14.41 and a 200-day moving average of $16.72.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last issued its quarterly earnings results on Friday, November 8th. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the firm earned $0.44 earnings per share. The firm's quarterly revenue was down 5.1% on a year-over-year basis. Equities analysts anticipate that Bloomin' Brands, Inc. will post 1.8 earnings per share for the current fiscal year.

Bloomin' Brands Announces Dividend

The company also recently disclosed 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. This represents a $0.96 annualized dividend and a dividend yield of 8.05%. The ex-dividend date was Monday, November 25th. Bloomin' Brands's payout ratio is -872.73%.

Institutional Investors Weigh In On Bloomin' Brands

Hedge funds have recently made changes to their positions in the business. Gladius Capital Management LP acquired a new position in shares of Bloomin' Brands during the 3rd quarter worth $26,000. KBC Group NV boosted its holdings in Bloomin' Brands by 79.1% during the third quarter. KBC Group NV now owns 3,371 shares of the restaurant operator's stock worth $56,000 after buying an additional 1,489 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Bloomin' Brands during the second quarter worth about $111,000. Point72 DIFC Ltd purchased a new position in Bloomin' Brands in the second quarter valued at about $169,000. Finally, Olympiad Research LP acquired a new stake in shares of Bloomin' Brands during the 3rd quarter valued at approximately $202,000.

Bloomin' Brands Company Profile

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.