Bloomin’ Brands (NASDAQ:BLMN) Price Target Cut to $20.00 by Analysts at BMO Capital Markets

Bloomin’ Brands (NASDAQ:BLMN) had its target price reduced by BMO Capital Markets from $27.00 to $20.00 in a research report report published on Wednesday morning, Benzinga reports. BMO Capital Markets currently has a market perform rating on the restaurant operator’s stock.

BLMN has been the subject of a number of other reports. Morgan Stanley decreased their price objective on shares of Bloomin’ Brands from $26.00 to $22.00 and set an equal weight rating for the company in a report on Tuesday, July 16th. Barclays decreased their price objective on shares of Bloomin’ Brands from $32.00 to $30.00 and set an overweight rating for the company in a report on Wednesday, May 8th. JPMorgan Chase & Co. cut their target price on shares of Bloomin’ Brands from $26.00 to $24.00 and set a neutral rating for the company in a research report on Tuesday, May 28th. Finally, UBS Group cut their target price on shares of Bloomin’ Brands from $30.00 to $26.00 and set a neutral rating for the company in a research report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Bloomin’ Brands has a consensus rating of Hold and an average price target of $23.33.

Bloomin’ Brands Stock Down 2.1 %

NASDAQ BLMN traded down $0.34 during mid-day trading on Wednesday, reaching $15.63. The stock had a trading volume of 1,774,694 shares, compared to its average volume of 1,492,658. Bloomin’ Brands has a 1 year low of $15.44 and a 1 year high of $30.13. The stock has a market cap of $1.35 billion, a PE ratio of 24.42 and a beta of 2.04. The company has a fifty day moving average price of $18.96 and a 200 day moving average price of $23.79. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.33 and a quick ratio of 0.26.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.07). Bloomin’ Brands had a return on equity of 65.73% and a net margin of 1.56%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the previous year, the firm earned $0.74 earnings per share. Bloomin’ Brands’s revenue was down 2.9% on a year-over-year basis. On average, research analysts expect that Bloomin’ Brands will post 2.37 earnings per share for the current year.

Bloomin’ Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 20th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.14%. The ex-dividend date is Tuesday, August 20th. Bloomin’ Brands’s payout ratio is 150.00%.

Institutional Investors Weigh In On Bloomin’ Brands

Hedge funds have recently modified their holdings of the business. Headlands Technologies LLC bought a new stake in shares of Bloomin’ Brands during the 1st quarter valued at $30,000. TFO Wealth Partners LLC grew its position in shares of Bloomin’ Brands by 284,000.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,841 shares of the restaurant operator’s stock valued at $80,000 after acquiring an additional 2,840 shares during the period. EntryPoint Capital LLC grew its position in shares of Bloomin’ Brands by 6,454.9% during the 1st quarter. EntryPoint Capital LLC now owns 3,343 shares of the restaurant operator’s stock valued at $96,000 after acquiring an additional 3,292 shares during the period. AdvisorShares Investments LLC grew its position in shares of Bloomin’ Brands by 21.9% during the 4th quarter. AdvisorShares Investments LLC now owns 5,014 shares of the restaurant operator’s stock valued at $141,000 after acquiring an additional 900 shares during the period. Finally, Assetmark Inc. grew its position in shares of Bloomin’ Brands by 32.0% during the 4th quarter. Assetmark Inc. now owns 5,314 shares of the restaurant operator’s stock valued at $150,000 after acquiring an additional 1,288 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.