Bloomin’ Brands (NASDAQ:BLMN) Price Target Lowered to $27.00 at Barclays

Bloomin’ Brands (NASDAQ:BLMN) had its price target cut by Barclays from $28.00 to $27.00 in a research note published on Monday morning, Benzinga reports. They currently have an overweight rating on the restaurant operator’s stock.

A number of other equities analysts have also recently issued reports on BLMN. Citigroup dropped their price objective on shares of Bloomin’ Brands from $29.00 to $26.00 and set a neutral rating for the company in a research note on Wednesday, October 25th. Deutsche Bank Aktiengesellschaft started coverage on shares of Bloomin’ Brands in a research note on Thursday, October 19th. They set a hold rating and a $25.00 price target for the company. Morgan Stanley decreased their price objective on Bloomin’ Brands from $27.00 to $26.00 and set an equal weight rating on the stock in a report on Wednesday, October 11th. UBS Group dropped their target price on Bloomin’ Brands from $28.00 to $26.00 and set a neutral rating for the company in a report on Thursday, November 2nd. Finally, William Blair lowered Bloomin’ Brands from an outperform rating to a market perform rating in a research note on Tuesday, August 1st. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Bloomin’ Brands presently has an average rating of Hold and an average target price of $27.20.

Bloomin’ Brands Stock Down 2.2 %

BLMN stock opened at $23.12 on Monday. Bloomin’ Brands has a twelve month low of $19.97 and a twelve month high of $28.67. The company has a quick ratio of 0.20, a current ratio of 0.27 and a debt-to-equity ratio of 2.05. The company has a market cap of $2.01 billion, a PE ratio of 8.59, a price-to-earnings-growth ratio of 0.98 and a beta of 1.97. The business’s 50-day simple moving average is $24.80 and its 200 day simple moving average is $25.49.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings data on Friday, November 3rd. The restaurant operator reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. Bloomin’ Brands had a return on equity of 86.88% and a net margin of 5.49%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company earned $0.35 EPS. On average, research analysts anticipate that Bloomin’ Brands will post 2.89 earnings per share for the current year.

Bloomin’ Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Tuesday, November 14th will be paid a $0.24 dividend. The ex-dividend date is Monday, November 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.15%. Bloomin’ Brands’s dividend payout ratio (DPR) is presently 35.69%.

Hedge Funds Weigh In On Bloomin’ Brands

A number of large investors have recently modified their holdings of the stock. CWM LLC increased its holdings in shares of Bloomin’ Brands by 91.1% in the first quarter. CWM LLC now owns 1,185 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 565 shares in the last quarter. West Tower Group LLC bought a new position in Bloomin’ Brands in the 2nd quarter valued at $30,000. EverSource Wealth Advisors LLC increased its stake in shares of Bloomin’ Brands by 683.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,261 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 1,100 shares during the period. Money Concepts Capital Corp bought a new stake in shares of Bloomin’ Brands during the fourth quarter worth $32,000. Finally, Signaturefd LLC lifted its stake in shares of Bloomin’ Brands by 62.0% during the second quarter. Signaturefd LLC now owns 1,291 shares of the restaurant operator’s stock valued at $35,000 after acquiring an additional 494 shares during the period.

About Bloomin’ Brands

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.