Bloomin’ Brands (NASDAQ:BLMN) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Bloomin’ Brands (NASDAQ:BLMN) from a sell rating to a hold rating in a report published on Friday.

Several other research analysts have also commented on BLMN. The Goldman Sachs Group decreased their price objective on shares of Bloomin’ Brands from $13.00 to $10.00 and set a “sell” rating for the company in a report on Thursday, February 27th. Piper Sandler decreased their price objective on shares of Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, November 11th. JPMorgan Chase & Co. decreased their price objective on shares of Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. Barclays set a $11.00 price objective on shares of Bloomin’ Brands and gave the stock an “equal weight” rating in a report on Thursday, February 27th. Finally, UBS Group decreased their price objective on shares of Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $15.00.

Bloomin’ Brands Trading Up 2.7 %

NASDAQ:BLMN opened at $8.79 on Friday. The company has a fifty day moving average of $11.51 and a 200 day moving average of $13.94. Bloomin’ Brands has a 52 week low of $8.00 and a 52 week high of $30.13. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 4.46. The firm has a market capitalization of $746.54 million, a P/E ratio of -79.90 and a beta of 1.97.

Bloomin’ Brands Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 6.83%. The ex-dividend date is Tuesday, March 11th. Bloomin’ Brands’s dividend payout ratio (DPR) is -40.27%.

Insider Buying and Selling at Bloomin’ Brands

In other Bloomin’ Brands news, EVP Patrick M. Hafner sold 9,555 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $8.32, for a total transaction of $79,497.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.14% of the company’s stock.

Hedge Funds Weigh In On Bloomin’ Brands

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Gladius Capital Management LP bought a new position in Bloomin’ Brands during the 3rd quarter valued at about $26,000. Headlands Technologies LLC bought a new position in Bloomin’ Brands during the 4th quarter valued at about $27,000. Public Employees Retirement System of Ohio bought a new position in Bloomin’ Brands during the 4th quarter valued at about $32,000. Meeder Asset Management Inc. bought a new position in Bloomin’ Brands during the 4th quarter valued at about $41,000. Finally, New Age Alpha Advisors LLC bought a new position in shares of Bloomin’ Brands in the 4th quarter worth approximately $45,000.

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.