Bloomin’ Brands, Inc. (NASDAQ:BLMN) Receives $19.70 Average Target Price from Analysts

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) have received an average rating of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $19.70.

A number of brokerages have commented on BLMN. Raymond James downgraded shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th. StockNews.com upgraded Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Piper Sandler dropped their target price on Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft dropped their target price on Bloomin’ Brands from $26.00 to $19.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. dropped their target price on Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 12th.

Bloomin’ Brands Stock Down 1.7 %

Shares of BLMN opened at $13.20 on Wednesday. The firm has a market capitalization of $1.12 billion, a P/E ratio of -120.00 and a beta of 2.04. Bloomin’ Brands has a 12-month low of $13.07 and a 12-month high of $30.13. The company has a current ratio of 0.31, a quick ratio of 0.26 and a debt-to-equity ratio of 4.46. The firm has a fifty day moving average price of $16.05 and a 200-day moving average price of $18.36.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings data on Friday, November 8th. The restaurant operator reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.02. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.04 billion. Bloomin’ Brands had a positive return on equity of 62.18% and a negative net margin of 0.12%. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 earnings per share. Equities research analysts expect that Bloomin’ Brands will post 1.8 earnings per share for the current year.

Bloomin’ Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Monday, November 25th will be paid a dividend of $0.24 per share. The ex-dividend date is Monday, November 25th. This represents a $0.96 annualized dividend and a yield of 7.27%. Bloomin’ Brands’s dividend payout ratio (DPR) is presently -872.73%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Gladius Capital Management LP purchased a new position in shares of Bloomin’ Brands during the 3rd quarter worth $26,000. Headlands Technologies LLC purchased a new position in shares of Bloomin’ Brands during the 1st quarter worth $30,000. KBC Group NV raised its holdings in Bloomin’ Brands by 79.1% in 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 during the period. EntryPoint Capital LLC raised its holdings in Bloomin’ Brands by 6,454.9% in the 1st quarter. EntryPoint Capital LLC now owns 3,343 shares of the restaurant operator’s stock valued at $96,000 after buying an additional 3,292 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Bloomin’ Brands in the 2nd quarter valued at about $111,000.

Bloomin’ Brands Company Profile

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.