The Goldman Sachs Group Lowers Bloomin’ Brands (NASDAQ:BLMN) Price Target to $10.00

Bloomin’ Brands (NASDAQ:BLMN) had its price target decreased by The Goldman Sachs Group from $13.00 to $10.00 in a research note released on Thursday morning,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the restaurant operator’s stock.

Several other analysts have also weighed in on BLMN. BMO Capital Markets decreased their price objective on Bloomin’ Brands from $16.00 to $12.00 and set a “market perform” rating on the stock in a report on Thursday. JPMorgan Chase & Co. lowered their price target on shares of Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating on the stock in a report on Tuesday, November 12th. Piper Sandler lowered their target price on shares of Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, November 11th. UBS Group cut their price target on shares of Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Finally, Raymond James downgraded Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th. Two investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $15.00.

Bloomin’ Brands Stock Up 1.0 %

NASDAQ BLMN opened at $10.00 on Thursday. Bloomin’ Brands has a twelve month low of $9.57 and a twelve month high of $30.13. The stock has a market cap of $848.01 million, a PE ratio of -90.86 and a beta of 1.97. The firm has a 50-day simple moving average of $11.94 and a 200 day simple moving average of $14.31. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.22 and a current ratio of 0.31.

Bloomin’ Brands Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, March 11th. This represents a $0.60 dividend on an annualized basis and a yield of 6.00%. Bloomin’ Brands’s dividend payout ratio is -40.27%.

Hedge Funds Weigh In On Bloomin’ Brands

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Creative Planning acquired a new stake in shares of Bloomin’ Brands in the third quarter valued at $219,000. Farther Finance Advisors LLC grew its holdings in Bloomin’ Brands by 17.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 15,521 shares of the restaurant operator’s stock worth $257,000 after acquiring an additional 2,289 shares during the last quarter. Principal Financial Group Inc. increased its position in Bloomin’ Brands by 6.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,529,130 shares of the restaurant operator’s stock valued at $41,806,000 after acquiring an additional 147,895 shares in the last quarter. Olympiad Research LP bought a new position in shares of Bloomin’ Brands in the third quarter worth about $202,000. Finally, Easterly Investment Partners LLC lifted its position in shares of Bloomin’ Brands by 14.8% during the third quarter. Easterly Investment Partners LLC now owns 676,157 shares of the restaurant operator’s stock worth $11,177,000 after purchasing an additional 87,293 shares in the last quarter.

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.