Bloomin’ Brands (NASDAQ:BLMN) Sets New 12-Month Low – Should You Sell?

Bloomin’ Brands, Inc. (NASDAQ:BLMN) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $13.11 and last traded at $13.19, with a volume of 717500 shares traded. The stock had previously closed at $13.43.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on BLMN shares. Barclays cut their target price on Bloomin’ Brands from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Monday. Deutsche Bank Aktiengesellschaft lowered their price target on Bloomin’ Brands from $26.00 to $19.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. BMO Capital Markets lowered their price target on Bloomin’ Brands from $27.00 to $20.00 and set a “market perform” rating for the company in a research report on Wednesday, August 7th. JPMorgan Chase & Co. lowered their price target on Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, StockNews.com raised Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $19.70.

Bloomin’ Brands Stock Down 2.2 %

The firm has a 50-day moving average price of $16.20 and a 200-day moving average price of $18.54. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.26 and a current ratio of 0.31.

Bloomin’ Brands (NASDAQ:BLMN) last announced its earnings results on Friday, November 8th. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. Bloomin’ Brands had a positive return on equity of 62.18% and a negative net margin of 0.12%. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the firm posted $0.44 EPS. The business’s revenue was down 5.1% compared to the same quarter last year. Equities analysts expect that Bloomin’ Brands, Inc. will post 1.81 earnings per share for the current fiscal year.

Bloomin’ Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Monday, November 25th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 7.31%. The ex-dividend date of this dividend is Monday, November 25th. Bloomin’ Brands’s dividend payout ratio (DPR) is currently -872.65%.

Institutional Investors Weigh In On Bloomin’ Brands

Several large investors have recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC increased its holdings in Bloomin’ Brands by 58.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 691,585 shares of the restaurant operator’s stock worth $11,432,000 after acquiring an additional 254,570 shares during the last quarter. Holocene Advisors LP bought a new position in Bloomin’ Brands in the 3rd quarter worth about $410,000. Centiva Capital LP bought a new position in Bloomin’ Brands in the 3rd quarter worth about $357,000. Paloma Partners Management Co bought a new position in Bloomin’ Brands in the 3rd quarter worth about $407,000. Finally, Erste Asset Management GmbH bought a new position in Bloomin’ Brands in the 3rd quarter worth about $41,325,000.

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.