Bloomin’ Brands (BLMN) Downgraded by BidaskClub to “Sell”

BidaskClub lowered shares of Bloomin’ Brands (NASDAQ:BLMN) from a hold rating to a sell rating in a report released on Thursday.

Several other equities research analysts also recently weighed in on BLMN. Barclays decreased their target price on shares of Bloomin’ Brands from $27.00 to $25.00 and set an overweight rating for the company in a research note on Thursday, November 29th. Zacks Investment Research upgraded shares of Bloomin’ Brands from a hold rating to a buy rating and set a $21.00 target price for the company in a research note on Thursday, December 13th. Morgan Stanley upgraded shares of Bloomin’ Brands from an underweight rating to an equal weight rating in a research note on Wednesday, December 19th. They noted that the move was a valuation call. JPMorgan Chase & Co. upgraded shares of Bloomin’ Brands from a neutral rating to an overweight rating and set a $23.00 target price for the company in a research note on Tuesday, January 8th. Finally, Bank of America downgraded shares of Bloomin’ Brands from a neutral rating to an underperform rating and set a $17.00 target price for the company. in a research note on Friday, February 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $21.67.

NASDAQ BLMN traded down $0.18 during trading hours on Thursday, hitting $20.41. The company had a trading volume of 348,903 shares, compared to its average volume of 1,494,020. The company has a debt-to-equity ratio of 19.48, a current ratio of 0.42 and a quick ratio of 0.33. Bloomin’ Brands has a 1-year low of $17.08 and a 1-year high of $25.00. The company has a market capitalization of $1.88 billion, a PE ratio of 13.61, a P/E/G ratio of 1.38 and a beta of 0.33.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings data on Thursday, February 14th. The restaurant operator reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. Bloomin’ Brands had a net margin of 2.60% and a return on equity of 178.97%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the firm posted $0.18 earnings per share. Bloomin’ Brands’s revenue for the quarter was down 5.9% on a year-over-year basis. On average, research analysts expect that Bloomin’ Brands will post 1.56 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Monday, February 25th were issued a dividend of $0.10 per share. This is a boost from Bloomin’ Brands’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 1.96%. The ex-dividend date was Friday, February 22nd. Bloomin’ Brands’s dividend payout ratio is currently 26.67%.

A number of hedge funds and other institutional investors have recently bought and sold shares of BLMN. Advisor Group Inc. raised its holdings in Bloomin’ Brands by 72.0% during the fourth quarter. Advisor Group Inc. now owns 3,233 shares of the restaurant operator’s stock worth $57,000 after purchasing an additional 1,353 shares in the last quarter. PNC Financial Services Group Inc. purchased a new position in Bloomin’ Brands in the fourth quarter valued at about $60,000. Meeder Asset Management Inc. increased its holdings in Bloomin’ Brands by 211.1% in the fourth quarter. Meeder Asset Management Inc. now owns 8,677 shares of the restaurant operator’s stock valued at $156,000 after buying an additional 5,888 shares in the last quarter. Jefferies Group LLC purchased a new position in Bloomin’ Brands in the third quarter valued at about $199,000. Finally, Paloma Partners Management Co purchased a new position in Bloomin’ Brands in the fourth quarter valued at about $206,000. 92.63% of the stock is owned by hedge funds and other institutional investors.

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

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Analyst Recommendations for Bloomin` Brands (NASDAQ:BLMN)

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