Bloomin’ Brands (NASDAQ:BLMN) PT Lowered to $20.00 at Citigroup

Bloomin’ Brands (NASDAQ:BLMN) had its target price cut by Citigroup from $22.00 to $20.00 in a research report report published on Monday morning, Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

A number of other equities research analysts have also commented on BLMN. Morgan Stanley reduced their price objective on shares of Bloomin’ Brands from $26.00 to $22.00 and set an equal weight rating on the stock in a research note on Tuesday, July 16th. BMO Capital Markets reduced their price objective on shares of Bloomin’ Brands from $27.00 to $20.00 and set a market perform rating on the stock in a research note on Wednesday, August 7th. JPMorgan Chase & Co. reduced their price objective on shares of Bloomin’ Brands from $26.00 to $24.00 and set a neutral rating on the stock in a research note on Tuesday, May 28th. UBS Group dropped their target price on shares of Bloomin’ Brands from $26.00 to $18.00 and set a neutral rating on the stock in a research report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Bloomin’ Brands from $26.00 to $19.00 and set a hold rating on the stock in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of $22.33.

Bloomin’ Brands Trading Up 3.2 %

NASDAQ BLMN opened at $18.09 on Monday. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 28.27 and a beta of 2.04. Bloomin’ Brands has a twelve month low of $15.20 and a twelve month high of $30.13. The company has a quick ratio of 0.26, a current ratio of 0.33 and a debt-to-equity ratio of 3.12. The business’s fifty day moving average is $18.48 and its 200 day moving average is $23.23.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.07). Bloomin’ Brands had a net margin of 1.56% and a return on equity of 65.73%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the company earned $0.74 EPS. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, sell-side analysts expect that Bloomin’ Brands will post 2.37 EPS for the current fiscal year.

Bloomin’ Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 20th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $0.96 annualized dividend and a yield of 5.31%. Bloomin’ Brands’s payout ratio is 150.00%.

Institutional Trading of Bloomin’ Brands

Institutional investors have recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in shares of Bloomin’ Brands in the 1st quarter worth $30,000. TFO Wealth Partners LLC grew its stake in shares of Bloomin’ Brands by 284,000.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,841 shares of the restaurant operator’s stock worth $80,000 after acquiring an additional 2,840 shares in the last quarter. EntryPoint Capital LLC grew its position in Bloomin’ Brands by 6,454.9% during the first quarter. EntryPoint Capital LLC now owns 3,343 shares of the restaurant operator’s stock valued at $96,000 after buying an additional 3,292 shares during the period. AdvisorShares Investments LLC grew its position in Bloomin’ Brands by 21.9% during the fourth quarter. AdvisorShares Investments LLC now owns 5,014 shares of the restaurant operator’s stock valued at $141,000 after buying an additional 900 shares during the period. Finally, Assetmark Inc. grew its position in Bloomin’ Brands by 32.0% during the fourth quarter. Assetmark Inc. now owns 5,314 shares of the restaurant operator’s stock valued at $150,000 after buying an additional 1,288 shares during the period.

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; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.