Bloomin’ Brands (NASDAQ:BLMN) Trading 9.2% Higher – Should You Buy?

Bloomin’ Brands, Inc. (NASDAQ:BLMN)’s stock price rose 9.2% during trading on Monday . The stock traded as high as $14.29 and last traded at $14.14. Approximately 880,818 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 1,520,038 shares. The stock had previously closed at $12.95.

Analyst Ratings Changes

BLMN has been the subject of several research reports. Barclays dropped their price target on shares of Bloomin’ Brands from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. JPMorgan Chase & Co. dropped their price objective on shares of Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. Raymond James lowered shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Bloomin’ Brands from $26.00 to $19.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Finally, UBS Group dropped their price target on shares of Bloomin’ Brands from $26.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $19.70.

Bloomin’ Brands Trading Up 3.7 %

The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 4.46. The firm’s 50-day simple moving average is $15.56 and its two-hundred day simple moving average is $17.77.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings results on Friday, November 8th. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. Bloomin’ Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm earned $0.44 earnings per share. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. Equities analysts anticipate that Bloomin’ Brands, Inc. will post 1.8 EPS for the current year.

Bloomin’ Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Monday, November 25th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 6.74%. The ex-dividend date of this dividend is Monday, November 25th. Bloomin’ Brands’s dividend payout ratio (DPR) is presently -872.65%.

Institutional Trading of Bloomin’ Brands

Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC lifted its holdings in shares of Bloomin’ Brands by 219.2% in the second quarter. SG Americas Securities LLC now owns 165,705 shares of the restaurant operator’s stock valued at $3,187,000 after purchasing an additional 113,798 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Bloomin’ Brands by 29.6% during the second quarter. Victory Capital Management Inc. now owns 2,492,119 shares of the restaurant operator’s stock valued at $47,923,000 after buying an additional 569,855 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Bloomin’ Brands during the second quarter valued at approximately $563,000. Edgestream Partners L.P. purchased a new position in shares of Bloomin’ Brands during the second quarter valued at approximately $711,000. Finally, Easterly Investment Partners LLC lifted its stake in shares of Bloomin’ Brands by 4.2% during the second quarter. Easterly Investment Partners LLC now owns 588,864 shares of the restaurant operator’s stock valued at $11,324,000 after buying an additional 23,466 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.