Analysts Set Bloomin’ Brands, Inc. (NASDAQ:BLMN) Target Price at $16.30

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) have been given an average rating of “Reduce” by the eleven ratings firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $15.00.

BLMN has been the subject of a number of recent analyst reports. Barclays set a $11.00 price objective on Bloomin’ Brands and gave the company an “equal weight” rating in a report on Thursday. Piper Sandler dropped their price objective on Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, November 11th. BMO Capital Markets decreased their target price on Bloomin’ Brands from $16.00 to $12.00 and set a “market perform” rating for the company in a research report on Thursday. UBS Group decreased their target price on Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Raymond James lowered Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Verdence Capital Advisors LLC raised its position in shares of Bloomin’ Brands by 6.6% in the 3rd quarter. Verdence Capital Advisors LLC now owns 12,676 shares of the restaurant operator’s stock worth $210,000 after acquiring an additional 780 shares in the last quarter. Franklin Resources Inc. increased its position in Bloomin’ Brands by 2.9% during the 3rd quarter. Franklin Resources Inc. now owns 50,007 shares of the restaurant operator’s stock valued at $773,000 after buying an additional 1,392 shares in the last quarter. KBC Group NV increased its position in Bloomin’ Brands by 79.1% during the 3rd 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 in the last quarter. Gladius Capital Management LP acquired a new position in Bloomin’ Brands during the 3rd quarter valued at about $26,000. Finally, Headlands Technologies LLC acquired a new position in Bloomin’ Brands during the 4th quarter valued at about $27,000.

Bloomin’ Brands Price Performance

BLMN opened at $10.00 on Friday. The business has a fifty day moving average of $11.94 and a 200 day moving average of $14.31. Bloomin’ Brands has a 52-week low of $9.57 and a 52-week high of $30.13. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 4.46. The stock has a market cap of $848.01 million, a P/E ratio of -90.86 and a beta of 1.97.

Bloomin’ Brands Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.00%. The ex-dividend date of this dividend is Tuesday, March 11th. Bloomin’ Brands’s payout ratio is -40.27%.

Bloomin’ Brands Company Profile

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.