Bloomin’ Brands, Inc. (NASDAQ:BLMN) Given Consensus Rating of “Hold” by Brokerages

Bloomin’ Brands, Inc. (NASDAQ:BLMNGet Free Report) has been given a consensus rating of “Hold” by the ten analysts that are currently covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $27.90.

A number of research firms have recently issued reports on BLMN. Barclays upped their target price on shares of Bloomin’ Brands from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, February 26th. Raymond James upped their target price on shares of Bloomin’ Brands from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, January 3rd. JPMorgan Chase & Co. lowered shares of Bloomin’ Brands from an “overweight” rating to a “neutral” rating and set a $26.00 target price for the company. in a report on Tuesday, January 23rd. BMO Capital Markets upped their target price on shares of Bloomin’ Brands from $27.00 to $29.00 and gave the stock a “market perform” rating in a report on Monday, February 26th. Finally, Citigroup upped their target price on shares of Bloomin’ Brands from $25.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th.

Get Our Latest Analysis on Bloomin’ Brands

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in shares of Bloomin’ Brands by 13.0% during the first quarter. BlackRock Inc. now owns 15,152,121 shares of the restaurant operator’s stock worth $332,436,000 after purchasing an additional 1,747,152 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Bloomin’ Brands by 1.4% during the third quarter. Vanguard Group Inc. now owns 12,527,385 shares of the restaurant operator’s stock worth $308,048,000 after purchasing an additional 175,493 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Bloomin’ Brands by 171.3% during the first quarter. Clearbridge Investments LLC now owns 5,626,195 shares of the restaurant operator’s stock worth $123,439,000 after purchasing an additional 3,552,591 shares in the last quarter. State Street Corp lifted its position in shares of Bloomin’ Brands by 4.4% during the third quarter. State Street Corp now owns 3,228,458 shares of the restaurant operator’s stock worth $59,178,000 after purchasing an additional 136,714 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Bloomin’ Brands by 8.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,642,016 shares of the restaurant operator’s stock worth $67,768,000 after purchasing an additional 196,152 shares in the last quarter.

Bloomin’ Brands Price Performance

Shares of NASDAQ BLMN opened at $28.89 on Tuesday. The firm has a market cap of $2.52 billion, a PE ratio of 11.42 and a beta of 2.00. The firm has a fifty day moving average of $27.57 and a 200 day moving average of $25.72. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.27 and a current ratio of 0.34. Bloomin’ Brands has a one year low of $22.03 and a one year high of $30.13.

Bloomin’ Brands (NASDAQ:BLMNGet Free Report) last issued its quarterly earnings results on Friday, February 23rd. The restaurant operator reported $0.75 EPS for the quarter, topping the consensus estimate of $0.69 by $0.06. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.20 billion. Bloomin’ Brands had a net margin of 5.30% and a return on equity of 73.67%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.68 EPS. As a group, research analysts predict that Bloomin’ Brands will post 2.55 EPS for the current fiscal year.

Bloomin’ Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th were given a $0.24 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.96 dividend on an annualized basis and a yield of 3.32%. Bloomin’ Brands’s payout ratio is currently 37.94%.

Bloomin’ Brands Company Profile

(Get Free Report

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

Analyst Recommendations for Bloomin' Brands (NASDAQ:BLMN)

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