BidaskClub downgraded shares of Bloomin’ Brands (NASDAQ:BLMN) from a hold rating to a sell rating in a report released on Thursday morning.

Other research analysts have also recently issued reports about the stock. TheStreet upgraded shares of Bloomin’ Brands from a c+ rating to a b rating in a report on Friday, February 15th. Zacks Investment Research upgraded shares of Bloomin’ Brands from a hold rating to a buy rating and set a $22.00 price target on the stock in a report on Tuesday, March 12th. Morgan Stanley upgraded shares of Bloomin’ Brands from an underweight rating to an equal weight rating in a report on Wednesday, December 19th. They noted that the move was a valuation call. William Blair upgraded shares of Bloomin’ Brands from a market perform rating to an outperform rating in a report on Friday, February 15th. Finally, Barclays cut their price target on shares of Bloomin’ Brands from $27.00 to $25.00 and set an overweight rating on the stock in a report on Thursday, November 29th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $21.67.

Shares of NASDAQ BLMN opened at $20.47 on Thursday. The stock has a market cap of $1.88 billion, a PE ratio of 13.65, a price-to-earnings-growth ratio of 1.38 and a beta of 0.33. Bloomin’ Brands has a 1 year low of $17.08 and a 1 year high of $25.00. The company has a quick ratio of 0.33, a current ratio of 0.42 and a debt-to-equity ratio of 19.48.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings data on Thursday, February 14th. The restaurant operator reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. Bloomin’ Brands had a net margin of 2.60% and a return on equity of 178.97%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the company earned $0.18 earnings per share. The business’s revenue was down 5.9% on a year-over-year basis. As a group, research analysts anticipate that Bloomin’ Brands will post 1.56 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Monday, February 25th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, February 22nd. This is a boost from Bloomin’ Brands’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 1.95%. Bloomin’ Brands’s payout ratio is 26.67%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisor Group Inc. boosted its stake in Bloomin’ Brands by 72.0% in the fourth quarter. Advisor Group Inc. now owns 3,233 shares of the restaurant operator’s stock valued at $57,000 after acquiring an additional 1,353 shares during the last quarter. PNC Financial Services Group Inc. purchased a new position in Bloomin’ Brands in the fourth quarter valued at about $60,000. Meeder Asset Management Inc. boosted its stake in Bloomin’ Brands by 211.1% in the fourth quarter. Meeder Asset Management Inc. now owns 8,677 shares of the restaurant operator’s stock valued at $156,000 after acquiring an additional 5,888 shares during the last quarter. Jefferies Group LLC purchased a new position in Bloomin’ Brands in the third quarter valued at about $199,000. Finally, Paloma Partners Management Co purchased a new position in Bloomin’ Brands in the fourth quarter valued at about $206,000. Hedge funds and other institutional investors own 92.63% of the company’s stock.

Bloomin’ Brands Company Profile

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, an upscale casual seafood restaurant; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.

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Analyst Recommendations for Bloomin` Brands (NASDAQ:BLMN)

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