Barclays Issues Pessimistic Forecast for Bloomin’ Brands (NASDAQ:BLMN) Stock Price

Bloomin’ Brands (NASDAQ:BLMN) had its price objective lowered by Barclays from $20.00 to $19.00 in a research note published on Monday morning,Benzinga reports. Barclays currently has an overweight rating on the restaurant operator’s stock.

BLMN has been the subject of a number of other reports. Raymond James lowered shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a report on Monday. BMO Capital Markets cut their target price on shares of Bloomin’ Brands from $27.00 to $20.00 and set a “market perform” rating for the company in a report on Wednesday, August 7th. Bank of America cut their target price on shares of Bloomin’ Brands from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. Citigroup lowered their price target on Bloomin’ Brands from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Monday, August 19th. Finally, StockNews.com upgraded Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Bloomin’ Brands has a consensus rating of “Hold” and an average target price of $19.70.

Bloomin’ Brands Trading Down 0.9 %

Shares of BLMN opened at $13.43 on Monday. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.26. Bloomin’ Brands has a 1 year low of $13.11 and a 1 year high of $30.13. The company has a 50 day simple moving average of $16.20 and a two-hundred day simple moving average of $18.54. The firm has a market cap of $1.14 billion, a P/E ratio of -122.08 and a beta of 2.04.

Bloomin’ Brands (NASDAQ:BLMN) last posted its earnings results on Friday, November 8th. The restaurant operator reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. Bloomin’ Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. 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 earnings per share. Bloomin’ Brands’s revenue for the quarter was down 5.1% compared to the same quarter last year. On average, equities analysts expect that Bloomin’ Brands will post 1.8 earnings per share for the current fiscal year.

Bloomin’ Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Monday, November 25th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 7.15%. The ex-dividend date of this dividend is Monday, November 25th. Bloomin’ Brands’s payout ratio is presently -872.65%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. SummerHaven Investment Management LLC raised its stake in shares of Bloomin’ Brands by 2.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 27,857 shares of the restaurant operator’s stock worth $536,000 after buying an additional 718 shares during the period. Verdence Capital Advisors LLC raised its stake in shares of Bloomin’ Brands by 6.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 12,676 shares of the restaurant operator’s stock worth $210,000 after buying an additional 780 shares during the period. Texas Permanent School Fund Corp raised its stake in shares of Bloomin’ Brands by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 75,979 shares of the restaurant operator’s stock worth $2,179,000 after buying an additional 1,017 shares during the period. Headlands Technologies LLC acquired a new position in shares of Bloomin’ Brands during the 1st quarter worth approximately $30,000. Finally, Hsbc Holdings PLC raised its stake in shares of Bloomin’ Brands by 8.7% during the 2nd quarter. Hsbc Holdings PLC now owns 13,567 shares of the restaurant operator’s stock worth $258,000 after buying an additional 1,083 shares during the period.

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.