Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report)'s share price hit a new 52-week low on Tuesday . The company traded as low as $18.66 and last traded at $18.73, with a volume of 424040 shares. The stock had previously closed at $19.20.
Wall Street Analysts Forecast Growth
BLMN has been the subject of a number of research reports. Barclays decreased their price target on shares of Bloomin' Brands from $32.00 to $30.00 and set an "overweight" rating for the company in a research report on Wednesday, May 8th. UBS Group decreased their price target on shares of Bloomin' Brands from $30.00 to $26.00 and set a "neutral" rating for the company in a research report on Wednesday, May 8th. JPMorgan Chase & Co. decreased their price target on shares of Bloomin' Brands from $26.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, May 28th. Finally, BMO Capital Markets decreased their price target on shares of Bloomin' Brands from $29.00 to $27.00 and set a "market perform" rating for the company in a research report on Wednesday, May 8th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $27.30.
Get Our Latest Report on Bloomin' Brands
Bloomin' Brands Trading Down 3.3 %
The company has a current ratio of 0.33, a quick ratio of 0.26 and a debt-to-equity ratio of 3.12. The stock has a market cap of $1.60 billion, a P/E ratio of 29.00 and a beta of 2.01. The firm's 50-day simple moving average is $22.60 and its 200 day simple moving average is $25.56.
Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last posted its earnings results on Tuesday, May 7th. The restaurant operator reported $0.70 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.05). Bloomin' Brands had a return on equity of 65.73% and a net margin of 1.56%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the company posted $0.98 EPS. Bloomin' Brands's revenue for the quarter was down 4.0% on a year-over-year basis. As a group, equities research analysts anticipate that Bloomin' Brands, Inc. will post 2.44 earnings per share for the current year.
Bloomin' Brands Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 20th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.17%. The ex-dividend date of this dividend was Friday, May 17th. Bloomin' Brands's dividend payout ratio (DPR) is presently 150.00%.
Institutional Trading of Bloomin' Brands
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Bloomin' Brands by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 12,527,385 shares of the restaurant operator's stock worth $308,048,000 after buying an additional 175,493 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Bloomin' Brands by 4.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,509,269 shares of the restaurant operator's stock worth $70,637,000 after buying an additional 104,368 shares in the last quarter. Principal Financial Group Inc. lifted its position in Bloomin' Brands by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 2,375,128 shares of the restaurant operator's stock worth $68,119,000 after buying an additional 58,001 shares in the last quarter. Invesco Ltd. lifted its position in Bloomin' Brands by 6.5% in the 3rd quarter. Invesco Ltd. now owns 1,411,410 shares of the restaurant operator's stock worth $34,707,000 after buying an additional 86,272 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Bloomin' Brands by 3.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,125,008 shares of the restaurant operator's stock worth $32,267,000 after buying an additional 41,128 shares in the last quarter.
About Bloomin' Brands
(Get Free Report)
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; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.
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