BidaskClub cut shares of Bloomin’ Brands (NASDAQ:BLMN) from a sell rating to a strong sell rating in a research report released on Wednesday morning, BidAskClub reports.

Other equities research analysts have also issued reports about the stock. Deutsche Bank began coverage on shares of Bloomin’ Brands in a report on Friday, June 28th. They set a buy rating and a $24.00 price objective on the stock. BMO Capital Markets lowered shares of Bloomin’ Brands from a market perform rating to an underperform rating and dropped their price objective for the company from $23.00 to $18.00 in a report on Thursday, May 23rd. JPMorgan Chase & Co. dropped their price objective on shares of Bloomin’ Brands from $23.00 to $22.00 and set an overweight rating on the stock in a report on Friday, June 28th. Loop Capital began coverage on shares of Bloomin’ Brands in a report on Monday, July 22nd. They set a buy rating and a $22.00 price objective on the stock. Finally, ValuEngine lowered shares of Bloomin’ Brands from a hold rating to a sell rating in a report on Monday, July 8th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $21.36.

Shares of BLMN opened at $15.79 on Wednesday. The firm has a market capitalization of $1.35 billion, a PE ratio of 10.53, a price-to-earnings-growth ratio of 1.02 and a beta of 0.23. The company has a debt-to-equity ratio of 15.18, a current ratio of 0.30 and a quick ratio of 0.21. Bloomin’ Brands has a 1-year low of $15.12 and a 1-year high of $22.22. The company’s fifty day moving average price is $17.11 and its 200-day moving average price is $19.15.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings data on Wednesday, July 31st. The restaurant operator reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.04 billion. Bloomin’ Brands had a net margin of 2.62% and a return on equity of 105.54%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.36 earnings per share. As a group, research analysts anticipate that Bloomin’ Brands will post 1.58 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend was Friday, August 9th. Bloomin’ Brands’s payout ratio is 26.67%.

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its holdings in shares of Bloomin’ Brands by 5.8% in the 4th quarter. Geode Capital Management LLC now owns 1,033,721 shares of the restaurant operator’s stock worth $18,493,000 after purchasing an additional 56,685 shares in the last quarter. Investors Research Corp purchased a new position in shares of Bloomin’ Brands in the 1st quarter worth about $183,000. Brinker Capital Inc. purchased a new position in shares of Bloomin’ Brands in the 1st quarter worth about $208,000. Copeland Capital Management LLC purchased a new position in shares of Bloomin’ Brands in the 1st quarter worth about $12,877,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Bloomin’ Brands in the 1st quarter worth about $443,000. 94.52% of the stock is currently owned by institutional investors.

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

Further Reading: When can a hold rating present a buying opportunity?

Analyst Recommendations for Bloomin` Brands (NASDAQ:BLMN)

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