Analyst Downgrades – Bloomin’ Brands (NASDAQ:BLMN) Stock Gets Downgraded By Wells Fargo & Co from Outperform to Market Perform

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Analyst Ratings For Bloomin’ Brands (NASDAQ:BLMN)

Today, Bloomin’ Brands (NASDAQ:BLMN) stock was downgraded by Wells Fargo & Co from Outperform to Market Perform.

There are 1 sell rating, 7 hold ratings, 3 buy ratings on the stock.

The current consensus rating on Bloomin’ Brands (NASDAQ:BLMN) is Hold (Score: 2.18) with a consensus target price of $20.00 per share, a potential 2.87% downside.

Some recent analyst ratings include

  • 5/19/2017-Wells Fargo & Co was Downgraded by analysts at Wells Fargo & Co from a “Outperform ” rating to a ” Market Perform” rating.
  • 2/23/2017-Credit Suisse Group AG was Downgraded by analysts at Credit Suisse Group AG from a “Outperform ” rating to a ” Neutral” rating. They now have a $19.00 price target on the stock, up previously from $21.00 .
  • 2/21/2017-JPMorgan Chase & Co. was Downgraded by analysts at JPMorgan Chase & Co. from a “Overweight ” rating to a ” Neutral” rating. They now have a $20.00 price target on the stock.
  • 2/3/2017-OTR Global was Downgraded by analysts at OTR Global from a “Neutral” rating to a “” rating.
  • 1/19/2017-Goldman Sachs Group Inc was Downgraded by analysts at Goldman Sachs Group Inc from a “Buy ” rating to a ” Neutral” rating. They now have a $18.00 price target on the stock.

Dividend information for Bloomin’ Brands (NASDAQ:BLMN)

Bloomin’ Brands (NASDAQ:BLMN) pays an annual dividend of 1 Sell Rating, 7 Hold Ratings, 3 Buy Ratings with a yield of 1.36%.

Dividend History for Bloomin’ Brands (NASDAQ:BLMN)

  • On 4/26/2017 Bloomin’ Brands announced a Quarterly dividend of $0.08 1.52% with an ex dividend date of 5/4/2017 which will be payable on 5/19/2017.
  • On 2/17/2017 Bloomin’ Brands announced a Quarterly dividend of $0.08 1.7% with an ex dividend date of 2/23/2017 which will be payable on 3/10/2017.
  • On 10/28/2016 Bloomin’ Brands announced a Quarterly dividend of $0.07 1.62% with an ex dividend date of 11/7/2016 which will be payable on 11/22/2016.
  • On 8/1/2016 Bloomin’ Brands announced a quarterly dividend of $0.07 1.56% with an ex dividend date of 8/8/2016 which will be payable on 8/25/2016.
  • On 4/27/2016 Bloomin’ Brands announced a quarterly dividend of $0.07 1.47% with an ex dividend date of 5/4/2016 which will be payable on 5/19/2016.
  • On 2/18/2016 Bloomin’ Brands announced a quarterly dividend of $0.07 1.83% with an ex dividend date of 2/25/2016 which will be payable on 3/10/2016.
  • On 11/3/2015 Bloomin’ Brands announced a quarterly dividend of $0.06 1.43% with an ex dividend date of 11/10/2015 which will be payable on 11/25/2015.

Recent Insider Trading Activity For Bloomin’ Brands (NASDAQ:BLMN)
Bloomin’ Brands (NASDAQ:BLMN) has insider ownership of 6.68% and institutional ownership of 95.31%.

  • On 5/3/2017 Sukhdev Singh, EVP, sold 26,446 with an average share price of $21.67 per share and the total transaction amounting to $573,084.82. View SEC Filing
  • On 5/2/2017 Elizabeth A Smith, Chairman, sold 275,000 with an average share price of $21.81 per share and the total transaction amounting to $5,997,750.00. View SEC Filing
  • On 4/3/2017 Donagh Herlihy, EVP, sold 3,326 with an average share price of $20.00 per share and the total transaction amounting to $66,520.00. View SEC Filing
  • On 11/3/2016 Elizabeth A Smith, Chairman, sold 287,576 with an average share price of $17.14 per share and the total transaction amounting to $4,929,052.64. View SEC Filing
  • On 8/16/2016 Michael Kappitt, EVP, sold 10,000 with an average share price of $19.50 per share and the total transaction amounting to $195,000.00. View SEC Filing
  • On 8/15/2016 Chris Thomas Sullivan, Director, sold 133,000 with an average share price of $19.02 per share and the total transaction amounting to $2,529,660.00. View SEC Filing
  • On 7/28/2016 Chris Thomas Sullivan, Director, sold 53,850 with an average share price of $19.01 per share and the total transaction amounting to $1,023,688.50. View SEC Filing

About Bloomin’ Brands (NASDAQ:BLMN)
Bloomin’ Brands, Inc. is a holding company. The Company owns and operates casual, upscale casual and fine dining restaurants. The Company operates through two segments: U.S. and International. The U.S. segment includes all brands operating in the United States. The International segment includes brands operating outside the United States. As of December 25, 2016, the Company had a portfolio of four restaurant concepts: Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, and Fleming’s Prime Steakhouse & Wine Bar. OSI Restaurant Partners, LLC (OSI) is the Company’s primary operating entity. New Private Restaurant Properties, LLC (PRP), an indirect subsidiary of the Company, leases the Company-owned restaurant properties to OSI’s subsidiaries. As of December 25, 2016, the Company owned and operated 1,276 restaurants and franchised 240 restaurants across 48 states, Puerto Rico, Guam and 20 countries.

Recent Trading Activity for Bloomin’ Brands (NASDAQ:BLMN)
Shares of Bloomin’ Brands closed the previous trading session at 20.59 down -0.30 -1.44% with 1,335,122 shares trading hands.