Bloomin’ Brands, Inc. (NASDAQ:BLMN) Receives $9.88 Average Target Price from Analysts

Bloomin’ Brands, Inc. (NASDAQ:BLMN) has earned an average recommendation of “Reduce” from the nine brokerages that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $9.8750.

BLMN has been the subject of several recent analyst reports. BMO Capital Markets cut their target price on Bloomin’ Brands from $10.00 to $8.00 and set a “market perform” rating for the company in a research note on Thursday, August 7th. The Goldman Sachs Group cut their target price on Bloomin’ Brands from $8.00 to $6.50 and set a “sell” rating for the company in a research note on Thursday, August 7th. Morgan Stanley raised their target price on Bloomin’ Brands from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Monday, July 14th. Barclays dropped their price objective on Bloomin’ Brands from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 6th. Finally, JPMorgan Chase & Co. lifted their price objective on Bloomin’ Brands from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Wednesday, June 25th.

Bloomin’ Brands Stock Performance

NASDAQ BLMN opened at $6.92 on Tuesday. The company has a market cap of $588.67 million, a PE ratio of -138.40 and a beta of 1.23. The stock’s 50 day simple moving average is $8.22 and its 200-day simple moving average is $8.22. Bloomin’ Brands has a 1-year low of $6.09 and a 1-year high of $17.78. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.43 and a quick ratio of 0.35.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings results on Wednesday, August 6th. The restaurant operator reported $0.33 EPS for the quarter, beating the consensus estimate of $0.28 by $0.05. Bloomin’ Brands had a positive return on equity of 44.03% and a negative net margin of 0.12%.The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $974.69 million. During the same quarter last year, the firm earned $0.51 earnings per share. The business’s revenue for the quarter was up .3% on a year-over-year basis. As a group, equities research analysts anticipate that Bloomin’ Brands will post 1.8 EPS for the current fiscal year.

Bloomin’ Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 19th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 8.7%. The ex-dividend date of this dividend was Tuesday, August 19th. Bloomin’ Brands’s payout ratio is presently -1,200.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BLMN. Stifel Financial Corp lifted its holdings in Bloomin’ Brands by 31.5% during the 4th quarter. Stifel Financial Corp now owns 25,227 shares of the restaurant operator’s stock worth $308,000 after buying an additional 6,041 shares during the last quarter. Northern Trust Corp lifted its holdings in Bloomin’ Brands by 5.8% during the 4th quarter. Northern Trust Corp now owns 840,099 shares of the restaurant operator’s stock worth $10,258,000 after buying an additional 46,422 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Bloomin’ Brands by 6.9% during the 4th quarter. Ameriprise Financial Inc. now owns 454,246 shares of the restaurant operator’s stock worth $5,546,000 after buying an additional 29,331 shares during the last quarter. Deutsche Bank AG lifted its holdings in Bloomin’ Brands by 45.0% during the 4th quarter. Deutsche Bank AG now owns 69,699 shares of the restaurant operator’s stock worth $851,000 after buying an additional 21,631 shares during the last quarter. Finally, Graham Capital Management L.P. purchased a new stake in Bloomin’ Brands during the 4th quarter worth about $511,000.

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.