Bloomin’ Brands, Inc. (NASDAQ:BLMN – Get Free Report) has received an average rating of “Reduce” from the eleven analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and ten have issued a hold rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $16.90.
Several equities analysts recently issued reports on BLMN shares. StockNews.com upgraded shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group initiated coverage on Bloomin’ Brands in a research report on Thursday, December 5th. They issued a “sell” rating and a $13.00 target price for the company. UBS Group lowered their target price on Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday. Piper Sandler reduced their price target on Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. lowered their price objective on Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th.
View Our Latest Stock Report on BLMN
Bloomin’ Brands Price Performance
Bloomin’ Brands (NASDAQ:BLMN – Get Free Report) last issued its quarterly earnings data on Friday, November 8th. The restaurant operator reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.04 billion. Bloomin’ Brands had a positive return on equity of 62.18% and a negative net margin of 0.12%. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period last year, the company earned $0.44 EPS. As a group, equities analysts expect that Bloomin’ Brands will post 1.8 EPS for the current year.
Bloomin’ Brands Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Monday, November 25th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 8.12%. The ex-dividend date was Monday, November 25th. Bloomin’ Brands’s dividend payout ratio is presently -872.73%.
Institutional Trading of Bloomin’ Brands
Several institutional investors have recently bought and sold shares of BLMN. Dimensional Fund Advisors LP lifted its stake in shares of Bloomin’ Brands by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,553,719 shares of the restaurant operator’s stock worth $49,105,000 after buying an additional 16,878 shares in the last quarter. Principal Financial Group Inc. lifted its position in Bloomin’ Brands by 6.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,529,130 shares of the restaurant operator’s stock valued at $41,806,000 after acquiring an additional 147,895 shares in the last quarter. Erste Asset Management GmbH purchased a new stake in Bloomin’ Brands during the 3rd quarter valued at $41,325,000. Victory Capital Management Inc. increased its holdings in shares of Bloomin’ Brands by 29.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,492,119 shares of the restaurant operator’s stock worth $47,923,000 after purchasing an additional 569,855 shares in the last quarter. Finally, Deprince Race & Zollo Inc. purchased a new position in shares of Bloomin’ Brands in the second quarter worth $28,672,000.
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.
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