Bloomin’ Brands (NASDAQ:BLMN) Cut to “Sell” at BidaskClub

BidaskClub lowered shares of Bloomin’ Brands (NASDAQ:BLMN) from a hold rating to a sell rating in a report issued on Wednesday, April 10th, BidAskClub reports.

A number of other analysts have also issued reports on the company. Zacks Investment Research upgraded Bloomin’ Brands from a hold rating to a buy rating and set a $22.00 price objective on the stock in a research note on Tuesday, March 26th. TheStreet upgraded Bloomin’ Brands from a c+ rating to a b rating in a research note on Friday, February 15th. William Blair upgraded Bloomin’ Brands from a market perform rating to an outperform rating in a research note on Friday, February 15th. Bank of America lowered Bloomin’ Brands from a neutral rating to an underperform rating and set a $17.00 target price on the stock. in a research note on Friday, February 8th. Finally, JPMorgan Chase & Co. upgraded Bloomin’ Brands from a neutral rating to an overweight rating and set a $23.00 target price on the stock in a research note on Tuesday, January 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $21.67.

Shares of NASDAQ BLMN traded up $0.10 during trading on Wednesday, reaching $19.76. 745,937 shares of the stock traded hands, compared to its average volume of 1,357,762. Bloomin’ Brands has a 52-week low of $17.08 and a 52-week high of $24.77. The company has a debt-to-equity ratio of 19.48, a current ratio of 0.42 and a quick ratio of 0.33. The stock has a market capitalization of $1.81 billion, a PE ratio of 13.17, a P/E/G ratio of 1.26 and a beta of 0.30.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings data on Friday, April 26th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. Bloomin’ Brands had a return on equity of 206.70% and a net margin of 2.56%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the company posted $0.71 EPS. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, equities analysts expect that Bloomin’ Brands will post 1.58 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 13th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.02%. The ex-dividend date is Friday, May 10th. Bloomin’ Brands’s dividend payout ratio is presently 26.67%.

A number of hedge funds have recently modified their holdings of BLMN. Advisor Group Inc. lifted its holdings in Bloomin’ Brands by 72.0% in the 4th quarter. Advisor Group Inc. now owns 3,233 shares of the restaurant operator’s stock worth $57,000 after buying an additional 1,353 shares during the period. PNC Financial Services Group Inc. purchased a new stake in Bloomin’ Brands in the 4th quarter worth approximately $60,000. Pearl River Capital LLC lifted its holdings in Bloomin’ Brands by 1,085.2% in the 1st quarter. Pearl River Capital LLC now owns 6,578 shares of the restaurant operator’s stock worth $134,000 after buying an additional 6,023 shares during the period. Meeder Asset Management Inc. lifted its holdings in Bloomin’ Brands by 211.1% in the 4th quarter. Meeder Asset Management Inc. now owns 8,677 shares of the restaurant operator’s stock worth $156,000 after buying an additional 5,888 shares during the period. Finally, Investors Research Corp purchased a new stake in Bloomin’ Brands in the 1st quarter worth approximately $183,000. Institutional investors own 94.96% of the company’s stock.

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, an upscale casual seafood restaurant; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.

Recommended Story: What are the qualifications of a portfolio manager?

Analyst Recommendations for Bloomin` Brands (NASDAQ:BLMN)

Receive News & Ratings for Bloomin' Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bloomin' Brands and related companies with MarketBeat.com's FREE daily email newsletter.