Bloomin’ Brands (NASDAQ:BLMN) Shares Down 5.5% – Time to Sell?

Bloomin’ Brands, Inc. (NASDAQ:BLMN) shares traded down 5.5% during mid-day trading on Monday . The stock traded as low as $8.80 and last traded at $8.99. 296,610 shares changed hands during trading, a decline of 86% from the average session volume of 2,131,363 shares. The stock had previously closed at $9.51.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BLMN. BMO Capital Markets dropped their target price on shares of Bloomin’ Brands from $16.00 to $12.00 and set a “market perform” rating for the company in a report on Thursday, February 27th. UBS Group decreased their target price on shares of Bloomin’ Brands from $13.00 to $8.50 and set a “neutral” rating on the stock in a research note on Monday, May 5th. The Goldman Sachs Group dropped their target price on Bloomin’ Brands from $13.00 to $10.00 and set a “sell” rating for the company in a report on Thursday, February 27th. Wall Street Zen upgraded shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. cut their target price 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. Two investment analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $13.75.

Bloomin’ Brands Stock Performance

The firm has a 50 day moving average price of $8.12 and a 200-day moving average price of $9.70. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.41 and a quick ratio of 0.33. The firm has a market capitalization of $756.30 million, a price-to-earnings ratio of -296.67 and a beta of 1.30.

Bloomin’ Brands (NASDAQ:BLMN) last issued its earnings results on Wednesday, May 7th. The restaurant operator reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. Bloomin’ Brands had a negative net margin of 0.05% and a positive return on equity of 55.08%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the firm posted $0.70 earnings per share. The company’s revenue was down 1.8% compared to the same quarter last year. As a group, sell-side analysts expect that Bloomin’ Brands, Inc. will post 1.8 earnings per share for the current fiscal year.

Bloomin’ Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, May 20th. This represents a $0.60 annualized dividend and a yield of 6.74%. Bloomin’ Brands’s dividend payout ratio is currently -2,000.00%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new stake in Bloomin’ Brands during the 4th quarter valued at approximately $27,000. Public Employees Retirement System of Ohio purchased a new position in shares of Bloomin’ Brands in the 4th quarter valued at about $32,000. Meeder Asset Management Inc. purchased a new position in Bloomin’ Brands in the fourth quarter valued at about $41,000. New Age Alpha Advisors LLC acquired a new stake in shares of Bloomin’ Brands in the 4th quarter worth approximately $45,000. Finally, US Bancorp DE increased its stake in Bloomin’ Brands by 505.7% in the 1st quarter. US Bancorp DE now owns 6,239 shares of the restaurant operator’s stock valued at $45,000 after purchasing an additional 5,209 shares in the last quarter.

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.