Analysts Set Bloomin’ Brands, Inc. (NASDAQ:BLMN) Price Target at $27.30

Bloomin’ Brands, Inc. (NASDAQ:BLMN) has been assigned an average rating of “Hold” from the ten analysts that are presently covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $27.30.

Several research firms recently issued reports on BLMN. Barclays reduced their price target on shares of Bloomin’ Brands from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 8th. UBS Group reduced their price target on shares of Bloomin’ Brands from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. BMO Capital Markets reduced their price target on shares of Bloomin’ Brands from $29.00 to $27.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 8th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Bloomin’ Brands from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 28th.

Bloomin’ Brands Stock Performance

Shares of NASDAQ:BLMN opened at $17.92 on Thursday. The company’s 50 day moving average price is $20.48 and its two-hundred day moving average price is $24.83. Bloomin’ Brands has a 12-month low of $16.20 and a 12-month high of $30.13. The firm has a market cap of $1.55 billion, a PE ratio of 28.00 and a beta of 2.04. The company has a quick ratio of 0.26, a current ratio of 0.33 and a debt-to-equity ratio of 3.12.

Bloomin’ Brands (NASDAQ:BLMN) last announced its earnings results on Tuesday, May 7th. The restaurant operator reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.05). The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. Bloomin’ Brands had a return on equity of 65.73% and a net margin of 1.56%. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.98 EPS. Equities research analysts predict that Bloomin’ Brands will post 2.44 earnings per share for the current year.

Bloomin’ Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 20th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 5.36%. The ex-dividend date was Friday, May 17th. Bloomin’ Brands’s payout ratio is 150.00%.

Institutional Investors Weigh In On Bloomin’ Brands

Several large investors have recently modified their holdings of BLMN. Headlands Technologies LLC bought a new stake in Bloomin’ Brands in the first quarter valued at $30,000. TFO Wealth Partners LLC boosted its stake in Bloomin’ Brands by 284,000.0% in the fourth 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 last quarter. EntryPoint Capital LLC boosted its stake in Bloomin’ Brands by 6,454.9% in the first 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 last quarter. AdvisorShares Investments LLC boosted its stake in Bloomin’ Brands by 21.9% in the fourth 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 last quarter. Finally, Assetmark Inc. boosted its stake in Bloomin’ Brands by 32.0% in the fourth 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 last quarter.

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.