Bloomin’ Brands (NASDAQ:BLMN) Reaches New 52-Week Low at $16.04

Bloomin’ Brands Inc (NASDAQ:BLMN)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $16.04 and last traded at $16.07, with a volume of 56211 shares trading hands. The stock had previously closed at $16.78.

A number of equities research analysts have issued reports on BLMN shares. Zacks Investment Research upgraded Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Monday, July 15th. Loop Capital started coverage on Bloomin’ Brands in a research note on Monday, July 22nd. They set a “buy” rating and a $22.00 price target for the company. ValuEngine downgraded Bloomin’ Brands from a “hold” rating to a “sell” rating in a research note on Monday, July 8th. Tigress Financial restated a “buy” rating on shares of Bloomin’ Brands in a research note on Thursday, April 18th. Finally, BidaskClub upgraded Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. Bloomin’ Brands has an average rating of “Hold” and a consensus target price of $21.36.

The company has a quick ratio of 0.21, a current ratio of 0.30 and a debt-to-equity ratio of 15.18. The company has a market capitalization of $1.39 billion, a PE ratio of 10.66, a PEG ratio of 1.11 and a beta of 0.23. The company’s 50-day moving average price is $17.64.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings data on Wednesday, July 31st. The restaurant operator reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.01. Bloomin’ Brands had a return on equity of 105.54% and a net margin of 2.62%. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the firm earned $0.36 EPS. The business’s quarterly revenue was down 1.0% on a year-over-year basis. As a group, research analysts predict that Bloomin’ Brands Inc will post 1.58 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, August 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.50%. Bloomin’ Brands’s payout ratio is currently 26.67%.

Several hedge funds have recently bought and sold shares of the company. LS Investment Advisors LLC purchased a new position in Bloomin’ Brands in the 2nd quarter worth approximately $56,000. 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 purchasing an additional 1,353 shares in the last quarter. New York State Teachers Retirement System purchased a new position in Bloomin’ Brands in the 1st quarter worth approximately $70,000. 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 purchasing an additional 6,023 shares in the last quarter. Finally, Flinton Capital Management LLC purchased a new position in Bloomin’ Brands in the 2nd quarter worth approximately $135,000. 94.52% of the stock is currently owned by hedge funds and other institutional investors.

Bloomin’ Brands Company Profile (NASDAQ:BLMN)

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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