Bloomin' Brands, Inc. (NASDAQ:BLMN) Receives $22.33 Consensus Price Target from Analysts

Shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report) have earned an average recommendation of "Hold" from the nine brokerages that are currently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $22.33.

Several brokerages recently commented on BLMN. StockNews.com upgraded Bloomin' Brands from a "sell" rating to a "hold" rating in a report on Saturday, October 12th. Deutsche Bank Aktiengesellschaft reduced their target price on Bloomin' Brands from $26.00 to $19.00 and set a "hold" rating on the stock in a report on Wednesday, August 7th. Barclays dropped their price target on Bloomin' Brands from $30.00 to $22.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 7th. Morgan Stanley dropped their price target on Bloomin' Brands from $26.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 16th. Finally, BMO Capital Markets dropped their price target on Bloomin' Brands from $27.00 to $20.00 and set a "market perform" rating on the stock in a research note on Wednesday, August 7th.

Bloomin' Brands Trading Up 1.2 %

Shares of NASDAQ:BLMN traded up $0.20 during midday trading on Friday, hitting $17.04. 949,709 shares of the stock were exchanged, compared to its average volume of 1,460,721. The business's 50-day moving average price is $16.75 and its 200 day moving average price is $20.03. Bloomin' Brands has a 12 month low of $15.14 and a 12 month high of $30.13. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 26.63 and a beta of 2.04. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.26 and a current ratio of 0.35.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last announced its earnings results on Tuesday, August 6th. The restaurant operator reported $0.51 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.07). Bloomin' Brands had a net margin of 0.70% and a return on equity of 61.90%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the company earned $0.74 earnings per share. The business's revenue was down 2.9% on a year-over-year basis. Analysts predict that Bloomin' Brands will post 2.08 earnings per share for the current year.

Bloomin' Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 20th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.63%. The ex-dividend date of this dividend was Tuesday, August 20th. Bloomin' Brands's payout ratio is 150.00%.

Hedge Funds Weigh In On Bloomin' Brands

A number of institutional investors have recently modified their holdings of the company. SummerHaven Investment Management LLC raised its position in shares of Bloomin' Brands by 2.6% during the second quarter. SummerHaven Investment Management LLC now owns 27,857 shares of the restaurant operator's stock worth $536,000 after purchasing an additional 718 shares during the period. Texas Permanent School Fund Corp raised its position in Bloomin' Brands by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 75,979 shares of the restaurant operator's stock valued at $2,179,000 after buying an additional 1,017 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Bloomin' Brands in the 1st quarter valued at $30,000. Hsbc Holdings PLC raised its position in Bloomin' Brands by 8.7% in the 2nd quarter. Hsbc Holdings PLC now owns 13,567 shares of the restaurant operator's stock valued at $258,000 after buying an additional 1,083 shares during the last quarter. Finally, ProShare Advisors LLC raised its position in Bloomin' Brands by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 17,657 shares of the restaurant operator's stock valued at $506,000 after buying an additional 1,216 shares during the last quarter.

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.