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

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) have earned an average recommendation of “Reduce” from the eleven research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating and nine have given a hold rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $14.50.

A number of equities analysts have issued reports on the stock. UBS Group cut their target price on shares of Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. BMO Capital Markets dropped their target price on Bloomin’ Brands from $16.00 to $12.00 and set a “market perform” rating on the stock in a research report on Thursday, February 27th. StockNews.com upgraded shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Barclays set a $11.00 target price on shares of Bloomin’ Brands and gave the company an “equal weight” rating in a research note on Thursday, February 27th. Finally, The Goldman Sachs Group cut their price target on Bloomin’ Brands from $13.00 to $10.00 and set a “sell” rating on the stock in a report on Thursday, February 27th.

Insider Activity

In related news, EVP Patrick M. Hafner sold 9,555 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $8.32, for a total value of $79,497.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. KBC Group NV increased its stake in Bloomin’ Brands by 79.1% in the 3rd quarter. KBC Group NV now owns 3,371 shares of the restaurant operator’s stock worth $56,000 after purchasing an additional 1,489 shares in the last quarter. Royce & Associates LP increased its position in shares of Bloomin’ Brands by 17.0% in the third quarter. Royce & Associates LP now owns 508,688 shares of the restaurant operator’s stock worth $8,409,000 after acquiring an additional 74,079 shares in the last quarter. Gladius Capital Management LP acquired a new stake in shares of Bloomin’ Brands during the third quarter valued at approximately $26,000. Jennison Associates LLC lifted its position in shares of Bloomin’ Brands by 4.4% in the 3rd quarter. Jennison Associates LLC now owns 1,411,200 shares of the restaurant operator’s stock valued at $23,327,000 after acquiring an additional 59,418 shares in the last quarter. Finally, Factorial Partners LLC boosted its stake in Bloomin’ Brands by 67.1% in the 3rd quarter. Factorial Partners LLC now owns 60,000 shares of the restaurant operator’s stock worth $992,000 after purchasing an additional 24,100 shares during the period.

Bloomin’ Brands Price Performance

Shares of NASDAQ BLMN opened at $8.43 on Tuesday. 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 market capitalization of $715.97 million, a price-to-earnings ratio of -76.63 and a beta of 2.04. Bloomin’ Brands has a twelve month low of $7.72 and a twelve month high of $29.10. The business has a 50 day simple moving average of $10.73 and a 200-day simple moving average of $13.18.

Bloomin’ Brands Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.12%. The ex-dividend date is Tuesday, March 11th. Bloomin’ Brands’s dividend payout ratio is presently -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.