Bloomin' Brands (NASDAQ:BLMN) Stock Price Up 7.6% - Should You Buy?

Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report) traded up 7.6% during mid-day trading on Monday . The stock traded as high as $9.39 and last traded at $9.45. 390,291 shares were traded during mid-day trading, a decline of 77% from the average session volume of 1,686,655 shares. The stock had previously closed at $8.79.

Wall Street Analyst Weigh In

Several equities analysts recently commented on BLMN shares. UBS Group reduced their price objective on shares of Bloomin' Brands from $16.00 to $13.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Barclays set a $11.00 price objective on shares of Bloomin' Brands and gave the company an "equal weight" rating in a research note on Thursday, February 27th. BMO Capital Markets reduced their price objective on shares of Bloomin' Brands from $16.00 to $12.00 and set a "market perform" rating for the company in a research note on Thursday, February 27th. The Goldman Sachs Group cut their price target 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. Finally, JPMorgan Chase & Co. cut their price target on shares of Bloomin' Brands from $13.00 to $10.00 and set a "neutral" rating for the company in a research note on Monday. Two investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to MarketBeat.com, Bloomin' Brands presently has an average rating of "Hold" and a consensus target price of $14.60.

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Bloomin' Brands Stock Up 4.7 %

The stock's fifty day moving average is $11.25 and its 200 day moving average is $13.69. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 4.46. The company has a market capitalization of $729.13 million, a P/E ratio of -77.86 and a beta of 2.04.

Bloomin' Brands Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, March 11th. This represents a $0.60 dividend on an annualized basis and a yield of 6.99%. Bloomin' Brands's dividend payout ratio is currently -40.27%.

Insider Activity at Bloomin' Brands

In other Bloomin' Brands news, EVP Patrick M. Hafner sold 9,555 shares of the company's stock in a transaction 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 can be accessed through the SEC website. 3.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BLMN. Gladius Capital Management LP bought a new position in Bloomin' Brands in the 3rd quarter worth $26,000. Headlands Technologies LLC bought a new position in Bloomin' Brands in the 4th quarter worth $27,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Bloomin' Brands in the 4th quarter worth about $32,000. Meeder Asset Management Inc. purchased a new stake in shares of Bloomin' Brands in the 4th quarter worth about $41,000. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of Bloomin' Brands in the 4th quarter worth about $45,000.

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.