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

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BLMN shares. Deutsche Bank Aktiengesellschaft decreased 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. Bank of America decreased their price target on shares of Bloomin’ Brands from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 22nd. Barclays decreased their price target on shares of Bloomin’ Brands from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. StockNews.com raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. decreased their price target 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. 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 stock has an average rating of “Hold” and a consensus price target of $19.70.

Bloomin’ Brands Price Performance

The stock’s fifty day moving average price is $15.56 and its 200-day moving average price is $17.77. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 4.46.

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, topping analysts’ consensus estimates of $0.19 by $0.02. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.04 billion. Bloomin’ Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The business’s revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 EPS. On average, sell-side analysts expect that Bloomin’ Brands, Inc. will post 1.8 EPS for the current fiscal year.

Bloomin’ Brands Dividend Announcement

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

Institutional Trading of Bloomin’ Brands

Several institutional investors have recently added to or reduced their stakes in BLMN. Gladius Capital Management LP acquired a new stake in Bloomin’ Brands in the 3rd quarter valued at approximately $26,000. KBC Group NV increased its holdings in Bloomin’ Brands by 79.1% in the 3rd quarter. KBC Group NV now owns 3,371 shares of the restaurant operator’s stock valued at $56,000 after purchasing an additional 1,489 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Bloomin’ Brands in the 2nd quarter valued at approximately $111,000. Point72 DIFC Ltd acquired a new stake in Bloomin’ Brands in the 2nd quarter valued at approximately $169,000. Finally, Olympiad Research LP acquired a new stake in Bloomin’ Brands in the 3rd quarter valued at approximately $202,000.

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.