Bloomin’ Brands, Inc. (NASDAQ:BLMN) Receives $13.85 Consensus Target Price from Analysts

Bloomin’ Brands, Inc. (NASDAQ:BLMN) has been given a consensus rating of “Reduce” by the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating and nine have issued a hold rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $13.75.

A number of analysts have recently commented on the company. BMO Capital Markets dropped their price objective on Bloomin’ Brands from $16.00 to $12.00 and set a “market perform” rating on the stock in a research note on Thursday, February 27th. JPMorgan Chase & Co. reduced their price objective on shares of Bloomin’ Brands from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. StockNews.com raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. UBS Group decreased their price target on shares of Bloomin’ Brands from $13.00 to $8.50 and set a “neutral” rating on the stock in a research report on Monday, May 5th. Finally, Barclays cut their price objective on Bloomin’ Brands from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Thursday.

Bloomin’ Brands Price Performance

BLMN opened at $7.30 on Wednesday. The company has a market capitalization of $620.00 million, a P/E ratio of -66.36 and a beta of 1.30. The company has a 50-day moving average of $7.85 and a 200-day moving average of $11.06. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.22 and a current ratio of 0.31. Bloomin’ Brands has a 1-year low of $6.09 and a 1-year high of $24.50.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings results on Wednesday, May 7th. The restaurant operator reported $0.59 EPS for the quarter, beating the consensus estimate of $0.57 by $0.02. Bloomin’ Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the business posted $0.70 EPS. The company’s quarterly revenue was down 1.8% on a year-over-year basis. Equities analysts expect that Bloomin’ Brands will post 1.8 EPS for the current fiscal year.

Bloomin’ Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.22%. Bloomin’ Brands’s dividend payout ratio (DPR) is presently -40.27%.

Insider Buying and Selling

In other news, EVP Patrick M. Hafner sold 9,555 shares of the company’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 transaction of $79,497.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BLMN. Principal Financial Group Inc. lifted its stake in shares of Bloomin’ Brands by 6.2% during the third quarter. Principal Financial Group Inc. now owns 2,529,130 shares of the restaurant operator’s stock valued at $41,806,000 after acquiring an additional 147,895 shares during the period. Victory Capital Management Inc. lifted its position in Bloomin’ Brands by 0.4% during the 4th quarter. Victory Capital Management Inc. now owns 2,390,703 shares of the restaurant operator’s stock valued at $29,190,000 after purchasing an additional 10,635 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Bloomin’ Brands by 385.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,817,145 shares of the restaurant operator’s stock valued at $22,187,000 after purchasing an additional 1,442,964 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Bloomin’ Brands by 565.9% in the 4th quarter. American Century Companies Inc. now owns 1,791,366 shares of the restaurant operator’s stock valued at $21,873,000 after purchasing an additional 1,522,370 shares during the last quarter. Finally, William Blair Investment Management LLC grew its position in shares of Bloomin’ Brands by 1.1% during the 4th quarter. William Blair Investment Management LLC now owns 1,649,084 shares of the restaurant operator’s stock worth $20,135,000 after buying an additional 18,525 shares during the period.

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.