Deutsche Bank Aktiengesellschaft Lowers Bloomin’ Brands (NASDAQ:BLMN) Price Target to $28.00

Bloomin’ Brands (NASDAQ:BLMNGet Rating) had its target price trimmed by Deutsche Bank Aktiengesellschaft from $30.00 to $28.00 in a research note released on Monday morning, The Fly reports.

A number of other research analysts have also recently issued reports on the company. Citigroup set a $20.00 price objective on Bloomin’ Brands in a research note on Tuesday, July 19th. Morgan Stanley decreased their price target on Bloomin’ Brands from $26.00 to $21.00 and set an equal weight rating on the stock in a research note on Monday, July 18th. StockNews.com cut Bloomin’ Brands from a buy rating to a hold rating in a research note on Thursday, July 21st. Barclays decreased their price target on Bloomin’ Brands from $29.00 to $26.00 in a research note on Thursday, June 9th. Finally, Jefferies Financial Group reaffirmed a buy rating and issued a $36.00 price target on shares of Bloomin’ Brands in a research note on Wednesday, April 13th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $27.50.

Bloomin’ Brands Stock Up 0.3 %

Shares of NASDAQ:BLMN opened at $20.56 on Monday. Bloomin’ Brands has a 52-week low of $15.89 and a 52-week high of $27.69. The firm has a fifty day moving average of $18.45 and a 200 day moving average of $20.42. The firm has a market capitalization of $1.82 billion, a PE ratio of 32.64 and a beta of 1.88. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.22 and a current ratio of 0.29.

Bloomin’ Brands (NASDAQ:BLMNGet Rating) last announced its earnings results on Friday, July 29th. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.05. Bloomin’ Brands had a net margin of 1.76% and a return on equity of 113.44%. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the business earned $0.81 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, research analysts anticipate that Bloomin’ Brands will post 2.49 EPS for the current fiscal year.

Bloomin’ Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 24th. Investors of record on Wednesday, August 10th will be paid a $0.14 dividend. The ex-dividend date is Tuesday, August 9th. This represents a $0.56 annualized dividend and a yield of 2.72%. Bloomin’ Brands’s payout ratio is 88.89%.

Insider Buying and Selling

In other Bloomin’ Brands news, EVP Kelly Lefferts sold 8,087 shares of the business’s stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $20.82, for a total value of $168,371.34. Following the sale, the executive vice president now directly owns 36,626 shares of the company’s stock, valued at $762,553.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.85% of the stock is owned by insiders.

Institutional Investors Weigh In On Bloomin’ Brands

Several hedge funds have recently added to or reduced their stakes in the stock. Aigen Investment Management LP boosted its holdings in Bloomin’ Brands by 45.3% in the second quarter. Aigen Investment Management LP now owns 20,659 shares of the restaurant operator’s stock worth $343,000 after acquiring an additional 6,443 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Bloomin’ Brands during the second quarter valued at $50,000. Jennison Associates LLC lifted its holdings in shares of Bloomin’ Brands by 3.4% during the second quarter. Jennison Associates LLC now owns 2,522,578 shares of the restaurant operator’s stock valued at $41,925,000 after purchasing an additional 83,366 shares in the last quarter. Comerica Bank lifted its holdings in Bloomin’ Brands by 15.4% in the second quarter. Comerica Bank now owns 218,737 shares of the restaurant operator’s stock valued at $3,935,000 after acquiring an additional 29,244 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in Bloomin’ Brands by 19.8% in the second quarter. Victory Capital Management Inc. now owns 2,005,739 shares of the restaurant operator’s stock valued at $33,335,000 after acquiring an additional 331,362 shares during the period.

About Bloomin’ Brands

(Get Rating)

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.

See Also

The Fly logo

Analyst Recommendations for Bloomin' Brands (NASDAQ:BLMN)

Receive News & Ratings for Bloomin' Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bloomin' Brands and related companies with MarketBeat.com's FREE daily email newsletter.