Shares of Bloomin’ Brands Inc (NASDAQ:BLMN) have been assigned an average recommendation of “Hold” from the seventeen ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $22.67.
Several brokerages recently commented on BLMN. ValuEngine raised Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Thursday, July 12th. BidaskClub cut Bloomin’ Brands from a “hold” rating to a “sell” rating in a research report on Saturday, June 30th. Gordon Haskett began coverage on Bloomin’ Brands in a research report on Thursday. They issued a “buy” rating for the company. Barclays raised their target price on Bloomin’ Brands from $28.00 to $29.00 and gave the stock a “$21.25” rating in a research report on Wednesday, July 18th. Finally, Wells Fargo & Co reduced their target price on Bloomin’ Brands from $22.00 to $21.00 and set a “market perform” rating for the company in a research report on Tuesday, July 31st.
BLMN stock traded down $0.70 during midday trading on Thursday, hitting $19.67. The stock had a trading volume of 1,146,400 shares, compared to its average volume of 1,379,807. The stock has a market cap of $1.83 billion, a P/E ratio of 14.46, a price-to-earnings-growth ratio of 1.53 and a beta of 0.32. Bloomin’ Brands has a 52 week low of $16.30 and a 52 week high of $25.00. The company has a debt-to-equity ratio of 12.18, a current ratio of 0.39 and a quick ratio of 0.32.
Bloomin’ Brands (NASDAQ:BLMN) last issued its earnings results on Monday, July 30th. The restaurant operator reported $0.38 EPS for the quarter, topping the consensus estimate of $0.30 by $0.08. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Bloomin’ Brands had a return on equity of 215.75% and a net margin of 2.70%. Bloomin’ Brands’s quarterly revenue was down .4% compared to the same quarter last year. During the same period last year, the business earned $0.27 earnings per share. Equities research analysts anticipate that Bloomin’ Brands will post 1.43 EPS for the current year.
In other Bloomin’ Brands news, EVP Donagh Herlihy sold 7,581 shares of Bloomin’ Brands stock in a transaction on Friday, October 5th. The stock was sold at an average price of $20.00, for a total transaction of $151,620.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Elizabeth A. Smith sold 152,587 shares of Bloomin’ Brands stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $18.45, for a total value of $2,815,230.15. Following the transaction, the chairman now directly owns 394,152 shares of the company’s stock, valued at $7,272,104.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 163,668 shares of company stock valued at $3,033,945. Company insiders own 7.47% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of BLMN. Millennium Management LLC lifted its holdings in shares of Bloomin’ Brands by 182.2% during the first quarter. Millennium Management LLC now owns 2,462,139 shares of the restaurant operator’s stock valued at $59,781,000 after acquiring an additional 1,589,579 shares during the period. Davidson Kempner Capital Management LP acquired a new position in shares of Bloomin’ Brands during the 2nd quarter worth about $13,065,000. Spark Investment Management LLC acquired a new position in shares of Bloomin’ Brands during the 2nd quarter worth about $12,218,000. Tyvor Capital LLC acquired a new position in shares of Bloomin’ Brands during the 2nd quarter worth about $12,046,000. Finally, BlackRock Inc. grew its position in shares of Bloomin’ Brands by 8.0% during the 2nd quarter. BlackRock Inc. now owns 7,189,407 shares of the restaurant operator’s stock worth $144,507,000 after buying an additional 532,417 shares during the period. 97.27% of the stock is owned by institutional investors.
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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