Bloomin’ Brands (NASDAQ:BLMN) Price Target Lowered to $12.00 at BMO Capital Markets

Bloomin’ Brands (NASDAQ:BLMN) had its price objective cut by BMO Capital Markets from $16.00 to $12.00 in a report released on Thursday morning,Benzinga reports. They currently have a market perform rating on the restaurant operator’s stock.

Several other research firms have also weighed in on BLMN. Raymond James lowered shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th. Barclays set a $11.00 price target on shares of Bloomin’ Brands and gave the stock an “equal weight” rating in a report on Thursday. StockNews.com raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Wednesday. The Goldman Sachs Group began coverage on shares of Bloomin’ Brands in a report on Thursday, December 5th. They set a “sell” rating and a $13.00 price target on the stock. Finally, UBS Group lowered their price target on shares of Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $15.00.

Bloomin’ Brands Stock Up 1.0 %

Bloomin’ Brands stock opened at $10.00 on Thursday. Bloomin’ Brands has a 52 week low of $9.57 and a 52 week high of $30.13. The firm has a market cap of $848.01 million, a price-to-earnings ratio of -90.86 and a beta of 1.97. The business’s 50-day moving average price is $11.94 and its 200 day moving average price is $14.31. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 4.46.

Bloomin’ Brands Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.00%. Bloomin’ Brands’s payout ratio is -40.27%.

Hedge Funds Weigh In On Bloomin’ Brands

Institutional investors have recently modified their holdings of the business. Gladius Capital Management LP acquired a new position in shares of Bloomin’ Brands in the 3rd quarter valued at $26,000. Headlands Technologies LLC acquired a new position in shares of Bloomin’ Brands in the 4th quarter valued at $27,000. Public Employees Retirement System of Ohio purchased a new position in Bloomin’ Brands in the 4th quarter valued at $32,000. Meeder Asset Management Inc. purchased a new position in Bloomin’ Brands in the 4th quarter valued at $41,000. Finally, New Age Alpha Advisors LLC purchased a new position in Bloomin’ Brands in the 4th quarter valued at $45,000.

Bloomin’ Brands Company Profile

Bloomin’ Brands, Inc engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.