Bloomin’ Brands, Inc. (NASDAQ:BLMN) Receives Consensus Rating of “Hold” from Brokerages

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) have been given an average recommendation of “Hold” by the nine research firms that are presently covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $22.33.

Several analysts recently issued reports on BLMN shares. Barclays decreased their target price 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 lowered their target price on shares of Bloomin’ Brands from $26.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 16th. BMO Capital Markets cut their target price on shares of Bloomin’ Brands from $27.00 to $20.00 and set a “market perform” rating for the company in a research note on Wednesday, August 7th. StockNews.com cut shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Finally, UBS Group lowered their target price on Bloomin’ Brands from $26.00 to $18.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th.

Bloomin’ Brands Stock Down 0.8 %

Shares of BLMN stock opened at $16.80 on Tuesday. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.35 and a quick ratio of 0.26. Bloomin’ Brands has a one year low of $15.20 and a one year high of $30.13. The company’s fifty day moving average price is $17.59 and its 200-day moving average price is $21.30. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 26.25 and a beta of 2.05.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.07). Bloomin’ Brands had a net margin of 0.70% and a return on equity of 61.90%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the business earned $0.74 earnings per share. Bloomin’ Brands’s revenue was down 2.9% compared to the same quarter last year. Sell-side analysts expect that Bloomin’ Brands will post 2.08 EPS for the current fiscal year.

Bloomin’ Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 20th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.71%. The ex-dividend date was Tuesday, August 20th. Bloomin’ Brands’s payout ratio is 150.00%.

Hedge Funds Weigh In On Bloomin’ Brands

A number of large investors have recently made changes to their positions in BLMN. Rye Brook Capital LLC grew its position in Bloomin’ Brands by 0.3% in the 1st quarter. Rye Brook Capital LLC now owns 247,700 shares of the restaurant operator’s stock valued at $7,104,000 after acquiring an additional 700 shares during the last quarter. SummerHaven Investment Management LLC grew its holdings in shares of Bloomin’ Brands by 2.6% in 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 last quarter. AdvisorShares Investments LLC increased its stake in Bloomin’ Brands by 21.9% in the 4th quarter. AdvisorShares Investments LLC now owns 5,014 shares of the restaurant operator’s stock worth $141,000 after buying an additional 900 shares during the period. Texas Permanent School Fund Corp increased its stake 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 worth $2,179,000 after buying an additional 1,017 shares during the period. Finally, Headlands Technologies LLC bought a new stake in Bloomin’ Brands during the 1st quarter valued at about $30,000.

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.