Bloomin’ Brands (NASDAQ:BLMN) Given “Equal Weight” Rating at Barclays

Barclays reaffirmed their equal weight rating on shares of Bloomin’ Brands (NASDAQ:BLMN) in a research report report published on Tuesday morning, MarketBeat.com reports. They currently have a $13.00 target price on the restaurant operator’s stock, down from their previous target price of $19.00.

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. decreased their price target on shares of Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. Piper Sandler decreased their price target on shares of Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, November 11th. The Goldman Sachs Group initiated coverage on shares of Bloomin’ Brands in a report on Thursday, December 5th. They issued a “sell” rating and a $13.00 price target for the company. Bank of America lowered their target price on Bloomin’ Brands from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. Finally, Raymond James lowered shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating and eleven have given a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $16.90.

Bloomin’ Brands Price Performance

BLMN opened at $11.82 on Tuesday. The company has a fifty day moving average price of $13.22 and a two-hundred day moving average price of $15.96. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.22 and a current ratio of 0.31. Bloomin’ Brands has a 52 week low of $11.24 and a 52 week high of $30.13. The firm has a market capitalization of $1.00 billion, a PE ratio of -107.44 and a beta of 1.97.

Bloomin’ Brands (NASDAQ:BLMN) last released its earnings results on Friday, November 8th. The restaurant operator reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. Bloomin’ Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the business earned $0.44 EPS. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. As a group, analysts anticipate that Bloomin’ Brands will post 1.8 earnings per share for the current year.

Bloomin’ Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Monday, November 25th were given a dividend of $0.24 per share. The ex-dividend date was Monday, November 25th. This represents a $0.96 annualized dividend and a yield of 8.12%. Bloomin’ Brands’s dividend payout ratio (DPR) is presently -872.73%.

Institutional Trading of Bloomin’ Brands

Hedge funds and other institutional investors have recently modified their holdings of the stock. Verdence Capital Advisors LLC boosted its position in Bloomin’ Brands by 6.6% during the third quarter. Verdence Capital Advisors LLC now owns 12,676 shares of the restaurant operator’s stock valued at $210,000 after purchasing an additional 780 shares during the last quarter. Hsbc Holdings PLC grew its stake in Bloomin’ Brands by 8.7% in the second quarter. Hsbc Holdings PLC now owns 13,567 shares of the restaurant operator’s stock valued at $258,000 after purchasing an additional 1,083 shares in the last quarter. Franklin Resources Inc. grew its stake in Bloomin’ Brands by 2.9% in the third quarter. Franklin Resources Inc. now owns 50,007 shares of the restaurant operator’s stock valued at $773,000 after purchasing an additional 1,392 shares in the last quarter. KBC Group NV grew its stake in Bloomin’ Brands by 79.1% in the third quarter. KBC Group NV now owns 3,371 shares of the restaurant operator’s stock valued at $56,000 after purchasing an additional 1,489 shares in the last quarter. Finally, Gladius Capital Management LP bought a new position in Bloomin’ Brands in the third quarter valued at approximately $26,000.

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.