Brokerages Set Bloomin’ Brands, Inc. (NASDAQ:BLMN) Target Price at $22.33

Bloomin’ Brands, Inc. (NASDAQ:BLMN) has received a consensus recommendation of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $22.33.

BLMN has been the subject of a number of analyst reports. Barclays dropped their target price on shares of Bloomin’ Brands from $30.00 to $22.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. Morgan Stanley dropped their target price on shares of Bloomin’ Brands from $26.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. Citigroup dropped their target price on shares of Bloomin’ Brands from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, August 19th. UBS Group dropped their target price on shares of Bloomin’ Brands from $26.00 to $18.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Finally, StockNews.com lowered shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a research report on Friday, August 9th.

Institutional Investors Weigh In On Bloomin’ Brands

Large investors have recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in shares of Bloomin’ Brands in the 1st quarter worth about $30,000. TFO Wealth Partners LLC grew its holdings in 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 worth $80,000 after acquiring an additional 2,840 shares during the last quarter. EntryPoint Capital LLC boosted its stake in shares of Bloomin’ Brands by 6,454.9% in the 1st quarter. EntryPoint Capital LLC now owns 3,343 shares of the restaurant operator’s stock valued at $96,000 after purchasing an additional 3,292 shares during the last quarter. AdvisorShares Investments LLC boosted its stake in shares of Bloomin’ Brands by 21.9% in the 4th quarter. AdvisorShares Investments LLC now owns 5,014 shares of the restaurant operator’s stock valued at $141,000 after purchasing an additional 900 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in shares of Bloomin’ Brands by 32.0% in the 4th quarter. Assetmark Inc. now owns 5,314 shares of the restaurant operator’s stock valued at $150,000 after purchasing an additional 1,288 shares during the last quarter.

Bloomin’ Brands Price Performance

NASDAQ BLMN opened at $16.53 on Tuesday. The company has a quick ratio of 0.26, a current ratio of 0.35 and a debt-to-equity ratio of 3.46. The stock has a market capitalization of $1.43 billion, a PE ratio of 25.83 and a beta of 2.05. The company has a 50 day moving average price of $17.59 and a two-hundred day moving average price of $21.20. Bloomin’ Brands has a 12-month low of $15.20 and a 12-month high of $30.13.

Bloomin’ Brands (NASDAQ:BLMN) last posted its earnings results on Tuesday, August 6th. The restaurant operator reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.07). Bloomin’ Brands had a net margin of 0.70% and a return on equity of 61.90%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the firm earned $0.74 earnings per share. Bloomin’ Brands’s revenue was down 2.9% compared to the same quarter last year. As a group, equities analysts predict that Bloomin’ Brands will post 2.08 earnings per share for the current fiscal year.

Bloomin’ Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 20th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.81%. The ex-dividend date was Tuesday, August 20th. Bloomin’ Brands’s payout ratio is 150.00%.

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.