Bloomin’ Brands (NASDAQ:BLMN) Price Target Increased to $22.00 by Analysts at Morgan Stanley

Bloomin’ Brands (NASDAQ:BLMNGet Rating) had its price objective boosted by Morgan Stanley from $21.00 to $22.00 in a research note published on Monday morning, Stock Target Advisor reports. The brokerage currently has an equal weight rating on the restaurant operator’s stock.

Several other analysts also recently commented on the company. BMO Capital Markets reduced their price objective on Bloomin’ Brands from $33.00 to $29.00 in a research note on Monday. Jefferies Financial Group reaffirmed a buy rating and set a $36.00 price objective on shares of Bloomin’ Brands in a research note on Wednesday, April 13th. Citigroup set a $20.00 price objective on Bloomin’ Brands in a research note on Tuesday, July 19th. Deutsche Bank Aktiengesellschaft dropped their target price on Bloomin’ Brands from $30.00 to $28.00 in a research report on Monday. Finally, MKM Partners dropped their target price on Bloomin’ Brands from $32.00 to $30.00 and set a buy rating on the stock in a research report on Friday, June 3rd. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $27.50.

Bloomin’ Brands Stock Up 0.5 %

Bloomin’ Brands stock opened at $20.49 on Monday. Bloomin’ Brands has a fifty-two week low of $15.89 and a fifty-two week high of $27.69. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.22 and a current ratio of 0.29. The company has a market capitalization of $1.82 billion, a P/E ratio of 32.52 and a beta of 1.88. The stock has a 50-day simple moving average of $18.38 and a 200-day simple moving average of $20.42.

Bloomin’ Brands (NASDAQ:BLMNGet Rating) last posted its earnings results on Friday, July 29th. The restaurant operator reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.05. Bloomin’ Brands had a return on equity of 113.44% and a net margin of 1.76%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the business earned $0.81 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts expect that Bloomin’ Brands will post 2.49 earnings per share for the current year.

Bloomin’ Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Tuesday, August 9th. Bloomin’ Brands’s dividend payout ratio (DPR) is presently 88.89%.

Insider Buying and Selling at Bloomin’ Brands

In other Bloomin’ Brands news, EVP Kelly Lefferts sold 8,087 shares of the stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $20.82, for a total transaction of $168,371.34. Following the sale, the executive vice president now owns 36,626 shares in the company, valued at approximately $762,553.32. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.85% of the stock is owned by insiders.

Institutional Investors Weigh In On Bloomin’ Brands

Large investors have recently bought and sold shares of the stock. CWM LLC lifted its stake in shares of Bloomin’ Brands by 149.3% during the 1st quarter. CWM LLC now owns 1,244 shares of the restaurant operator’s stock worth $27,000 after purchasing an additional 745 shares during the period. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Bloomin’ Brands during the 4th quarter worth $48,000. Point72 Hong Kong Ltd purchased a new position in shares of Bloomin’ Brands during the 4th quarter worth $69,000. Captrust Financial Advisors lifted its stake in shares of Bloomin’ Brands by 39.4% during the 1st quarter. Captrust Financial Advisors now owns 4,079 shares of the restaurant operator’s stock worth $89,000 after purchasing an additional 1,153 shares during the period. Finally, Nisa Investment Advisors LLC purchased a new position in shares of Bloomin’ Brands during the 1st quarter worth $91,000.

About Bloomin’ Brands

(Get Rating)

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.

Further Reading

Analyst Recommendations for Bloomin' Brands (NASDAQ:BLMN)

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