Brokerages Set Bloomin’ Brands, Inc. (NASDAQ:BLMN) PT at $19.09

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) have been assigned an average recommendation of “Hold” from the eleven research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $19.09.

A number of research firms recently issued reports on BLMN. Barclays reduced their price objective 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. StockNews.com upgraded Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Raymond James lowered Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. dropped their price objective on Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. Finally, Piper Sandler dropped their price objective on Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, November 11th.

Bloomin’ Brands Price Performance

BLMN stock opened at $12.45 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 4.46. Bloomin’ Brands has a 52-week low of $12.26 and a 52-week high of $30.13. The stock’s 50 day moving average is $14.74 and its two-hundred day moving average is $17.03. The company has a market capitalization of $1.06 billion, a PE ratio of -113.18 and a beta of 1.95.

Bloomin’ Brands (NASDAQ:BLMN) last issued its 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. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.04 billion. Bloomin’ Brands had a positive return on equity of 62.18% and a negative net margin of 0.12%. The business’s revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.44 EPS. Analysts predict that Bloomin’ Brands will post 1.8 earnings per share for the current fiscal year.

Bloomin’ Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Monday, November 25th were paid 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 yield of 7.71%. Bloomin’ Brands’s dividend payout ratio (DPR) is currently -872.73%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BLMN. SG Americas Securities LLC boosted its stake in shares of Bloomin’ Brands by 219.2% during the 2nd quarter. SG Americas Securities LLC now owns 165,705 shares of the restaurant operator’s stock worth $3,187,000 after acquiring an additional 113,798 shares in the last quarter. FMR LLC boosted its stake in shares of Bloomin’ Brands by 34.8% during the 3rd quarter. FMR LLC now owns 1,381,150 shares of the restaurant operator’s stock worth $22,830,000 after acquiring an additional 356,456 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of 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 acquiring an additional 569,855 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Bloomin’ Brands by 58.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 691,585 shares of the restaurant operator’s stock worth $11,432,000 after acquiring an additional 254,570 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Bloomin’ Brands during the 2nd quarter worth about $563,000.

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.