Analysts Set Bloomin’ Brands, Inc. (NASDAQ:BLMN) PT at $27.90

Bloomin’ Brands, Inc. (NASDAQ:BLMN) has received a consensus rating of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $27.90.

A number of brokerages recently weighed in on BLMN. Barclays raised their price objective on Bloomin’ Brands from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, February 26th. Citigroup lifted their price target on Bloomin’ Brands from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. downgraded Bloomin’ Brands from an “overweight” rating to a “neutral” rating and set a $26.00 price target on the stock. in a research report on Tuesday, January 23rd. Raymond James lifted their price objective on Bloomin’ Brands from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, January 3rd. Finally, BMO Capital Markets lifted their price objective on Bloomin’ Brands from $27.00 to $29.00 and gave the stock a “market perform” rating in a report on Monday, February 26th.

Institutional Investors Weigh In On Bloomin’ Brands

A number of institutional investors and hedge funds have recently made changes to their positions in BLMN. EverSource Wealth Advisors LLC raised its position in shares of Bloomin’ Brands by 683.2% during the third quarter. EverSource Wealth Advisors LLC now owns 1,261 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 1,100 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Bloomin’ Brands in the third quarter valued at about $32,000. TFO Wealth Partners LLC increased its holdings 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 purchasing an additional 2,840 shares during the last quarter. CWM LLC increased its holdings in Bloomin’ Brands by 54.8% in the third quarter. CWM LLC now owns 3,460 shares of the restaurant operator’s stock valued at $85,000 after purchasing an additional 1,225 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in shares of Bloomin’ Brands by 23.5% in the third quarter. Assetmark Inc. now owns 4,026 shares of the restaurant operator’s stock worth $99,000 after acquiring an additional 765 shares in the last quarter.

Bloomin’ Brands Stock Down 0.3 %

Shares of Bloomin’ Brands stock opened at $26.85 on Friday. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 10.61, a P/E/G ratio of 10.35 and a beta of 2.00. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.34 and a quick ratio of 0.27. Bloomin’ Brands has a 52-week low of $22.03 and a 52-week high of $30.13. The stock has a 50-day simple moving average of $27.78 and a 200-day simple moving average of $26.13.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings results on Friday, February 23rd. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.06. Bloomin’ Brands had a return on equity of 73.67% and a net margin of 5.30%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the company earned $0.68 EPS. The firm’s revenue was up 9.1% on a year-over-year basis. On average, equities research analysts expect that Bloomin’ Brands will post 2.55 earnings per share for the current fiscal year.

Bloomin’ Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend was Tuesday, March 5th. Bloomin’ Brands’s dividend payout ratio is currently 37.94%.

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.