Bloomin’ Brands, Inc. (NASDAQ:BLMN) Given Consensus Recommendation of “Reduce” by Analysts

Bloomin’ Brands, Inc. (NASDAQ:BLMN) has been assigned a consensus recommendation of “Reduce” from the eleven research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and ten have given a hold rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $16.90.

A number of research firms have recently commented on BLMN. StockNews.com upgraded shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. UBS Group reduced their price target on shares of Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday. Piper Sandler decreased their price target on shares of Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, November 11th. Bank of America dropped their price objective on Bloomin’ Brands from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. Finally, The Goldman Sachs Group assumed coverage on Bloomin’ Brands in a research note on Thursday, December 5th. They issued a “sell” rating and a $13.00 target price on the stock.

Bloomin’ Brands Stock Down 0.4 %

BLMN opened at $11.82 on Thursday. Bloomin’ Brands has a 12 month low of $11.24 and a 12 month high of $30.13. The company has a market cap of $1.00 billion, a PE ratio of -107.44 and a beta of 1.97. 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 50 day moving average of $13.32 and a 200 day moving average of $15.99.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings results on Friday, November 8th. The restaurant operator reported $0.21 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 firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company earned $0.44 earnings per share. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, sell-side analysts expect that Bloomin’ Brands will post 1.8 EPS for the current year.

Bloomin’ Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Monday, November 25th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 8.12%. The ex-dividend date of this dividend was Monday, November 25th. Bloomin’ Brands’s dividend payout ratio (DPR) is presently -872.73%.

Institutional Investors Weigh In On Bloomin’ Brands

Institutional investors have recently made changes to their positions in the business. Gladius Capital Management LP purchased a new position in Bloomin’ Brands in the 3rd quarter worth $26,000. KBC Group NV grew its stake in shares of Bloomin’ Brands by 79.1% during the third quarter. KBC Group NV now owns 3,371 shares of the restaurant operator’s stock valued at $56,000 after buying an additional 1,489 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Bloomin’ Brands by 606.6% in the 4th quarter. GAMMA Investing LLC now owns 4,890 shares of the restaurant operator’s stock valued at $60,000 after acquiring an additional 4,198 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Bloomin’ Brands in the 2nd quarter valued at about $111,000. Finally, Point72 DIFC Ltd purchased a new stake in Bloomin’ Brands during the 2nd quarter valued at about $169,000.

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.