Bloomin’ Brands, Inc. (NASDAQ:BLMN) Receives Consensus Rating of “Hold” from Analysts

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) have been given an average rating of “Hold” by the ten research firms that are presently 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 1 year price objective among brokerages that have issued ratings on the stock in the last year is $27.90.

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

Bloomin’ Brands Trading Down 0.2 %

Bloomin’ Brands stock opened at $26.93 on Friday. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.34 and a quick ratio of 0.27. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 10.64, a PEG ratio of 10.40 and a beta of 2.00. Bloomin’ Brands has a one year low of $22.03 and a one year high of $30.13. The company’s fifty day moving average price is $27.77 and its two-hundred day moving average price is $26.07.

Bloomin’ Brands (NASDAQ:BLMN) last posted its 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. Bloomin’ Brands had a net margin of 5.30% and a return on equity of 73.67%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the business posted $0.68 earnings per share. The business’s quarterly revenue was up 9.1% on a year-over-year basis. On average, analysts forecast that Bloomin’ Brands will post 2.55 earnings per share for the current fiscal year.

Bloomin’ Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date was Tuesday, March 5th. Bloomin’ Brands’s dividend payout ratio is 37.94%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nations Financial Group Inc. IA ADV lifted its stake in Bloomin’ Brands by 5.2% during the first quarter. Nations Financial Group Inc. IA ADV now owns 13,686 shares of the restaurant operator’s stock worth $393,000 after purchasing an additional 671 shares during the period. Wesbanco Bank Inc. bought a new position in Bloomin’ Brands during the first quarter worth about $1,439,000. Allspring Global Investments Holdings LLC lifted its stake in Bloomin’ Brands by 8.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 23,587 shares of the restaurant operator’s stock worth $676,000 after purchasing an additional 1,915 shares during the period. Annex Advisory Services LLC lifted its stake in Bloomin’ Brands by 27.7% during the first quarter. Annex Advisory Services LLC now owns 295,261 shares of the restaurant operator’s stock worth $8,468,000 after purchasing an additional 64,006 shares during the period. Finally, Rye Brook Capital LLC increased its holdings in shares of Bloomin’ Brands by 0.3% during the first quarter. Rye Brook Capital LLC now owns 247,700 shares of the restaurant operator’s stock worth $7,104,000 after buying an additional 700 shares in the last quarter.

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.