Bloomin’ Brands, Inc. (NASDAQ:BLMN) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) have earned an average rating of “Reduce” from the eleven ratings firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $14.50.

A number of brokerages have weighed in on BLMN. StockNews.com raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. lowered their price objective on Bloomin’ Brands from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. The Goldman Sachs Group cut their target price on Bloomin’ Brands from $13.00 to $10.00 and set a “sell” rating on the stock in a research note on Thursday, February 27th. Barclays set a $11.00 price target on shares of Bloomin’ Brands and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. Finally, BMO Capital Markets cut their price objective on shares of Bloomin’ Brands from $16.00 to $12.00 and set a “market perform” rating on the stock in a research report on Thursday, February 27th.

Insider Buying and Selling at Bloomin’ Brands

In other Bloomin’ Brands news, EVP Patrick M. Hafner sold 9,555 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $8.32, for a total transaction of $79,497.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Bloomin’ Brands

Several institutional investors have recently made changes to their positions in the business. Headlands Technologies LLC purchased a new stake in Bloomin’ Brands during the fourth quarter valued at approximately $27,000. Public Employees Retirement System of Ohio bought a new stake in shares of Bloomin’ Brands during the 4th quarter valued at $32,000. Meeder Asset Management Inc. purchased a new stake in shares of Bloomin’ Brands in the 4th quarter worth $41,000. New Age Alpha Advisors LLC purchased a new stake in shares of Bloomin’ Brands in the 4th quarter worth $45,000. Finally, GAMMA Investing LLC lifted its position in Bloomin’ Brands by 28.9% during the first quarter. GAMMA Investing LLC now owns 6,304 shares of the restaurant operator’s stock valued at $45,000 after purchasing an additional 1,414 shares in the last quarter.

Bloomin’ Brands Stock Up 5.9 %

NASDAQ:BLMN opened at $7.95 on Friday. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.22. The firm’s 50-day moving average price is $8.71 and its 200-day moving average price is $11.90. The company has a market capitalization of $675.20 million, a PE ratio of -72.27 and a beta of 1.76. Bloomin’ Brands has a 1-year low of $6.09 and a 1-year high of $27.33.

Bloomin’ Brands Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, March 11th. This represents a $0.60 dividend on an annualized basis and a yield of 7.55%. Bloomin’ Brands’s dividend payout ratio (DPR) is -40.27%.

About Bloomin’ Brands

Bloomin’ Brands, Inc engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.