Bloomin' Brands (NASDAQ:BLMN) Trading Down 4.3% - Should You Sell?

Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report) was down 4.3% during trading on Monday . The stock traded as low as $11.44 and last traded at $11.44. Approximately 184,952 shares were traded during trading, a decline of 88% from the average daily volume of 1,544,493 shares. The stock had previously closed at $11.95.

Wall Street Analysts Forecast Growth

BLMN has been the subject of several recent research reports. Bank of America reduced their target price on shares of Bloomin' Brands from $22.00 to $19.00 and set a "neutral" rating for the company in a report on Tuesday, October 22nd. Piper Sandler lowered their target price on Bloomin' Brands from $20.00 to $16.00 and set a "neutral" rating on the stock in a research report on Monday, November 11th. Barclays reduced their price target on Bloomin' Brands from $20.00 to $19.00 and set an "overweight" rating for the company in a research report on Monday, November 11th. Raymond James downgraded Bloomin' Brands from an "outperform" rating to a "market perform" rating in a research note on Monday, November 11th. Finally, StockNews.com upgraded shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $19.09.

Bloomin' Brands Trading Down 4.1 %

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 has a 50-day moving average price of $14.25 and a two-hundred day moving average price of $16.55. The stock has a market cap of $972.30 million, a PE ratio of -104.17 and a beta of 1.95.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last released its quarterly earnings data 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 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 the consensus estimate of $1.04 billion. During the same quarter in the previous year, the company posted $0.44 EPS. The company's revenue was down 5.1% compared to the same quarter last year. Sell-side analysts forecast that Bloomin' Brands, Inc. will post 1.8 earnings per share for the current fiscal year.

Bloomin' Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Monday, November 25th were issued a $0.24 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 8.38%. Bloomin' Brands's dividend payout ratio (DPR) is presently -872.73%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gladius Capital Management LP bought a new stake in shares of Bloomin' Brands in the 3rd quarter valued at approximately $26,000. KBC Group NV lifted its position in Bloomin' Brands by 79.1% in 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 during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Bloomin' Brands during the second quarter worth $111,000. Point72 DIFC Ltd bought a new position in Bloomin' Brands during the second quarter valued at $169,000. Finally, Dark Forest Capital Management LP purchased a new stake in shares of Bloomin' Brands in the second quarter valued at $230,000.

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.