Bloomin’ Brands (BLMN) – Analysts’ Weekly Ratings Changes

Share on StockTwits

Several brokerages have updated their recommendations and price targets on shares of Bloomin’ Brands (NASDAQ: BLMN) in the last few weeks:

  • 4/18/2019 – Bloomin’ Brands had its “buy” rating reaffirmed by analysts at Tigress Financial.
  • 4/16/2019 – Bloomin’ Brands was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Bloomin’ Brands, Inc. is a casual dining restaurant company with a portfolio of differentiated restaurant concepts. It has five concepts: Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, Fleming’s Prime Steakhouse and Wine Bar and Roy’s. The Company offers its products and services through company owned and franchised locations throughout the United States and internationally. Bloomin’ Brands, Inc. is based in Tampa, Florida. “
  • 4/13/2019 – Bloomin’ Brands was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 4/10/2019 – Bloomin’ Brands was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 3/29/2019 – Bloomin’ Brands was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 3/26/2019 – Bloomin’ Brands was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $22.00 price target on the stock. According to Zacks, “Bloomin’ Brands, Inc. is a casual dining restaurant company with a portfolio of differentiated restaurant concepts. It has five concepts: Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, Fleming’s Prime Steakhouse and Wine Bar and Roy’s. The Company offers its products and services through company owned and franchised locations throughout the United States and internationally. Bloomin’ Brands, Inc. is based in Tampa, Florida. “
  • 3/14/2019 – Bloomin’ Brands was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 3/13/2019 – Bloomin’ Brands was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Bloomin’ Brands, Inc. is a casual dining restaurant company with a portfolio of differentiated restaurant concepts. It has five concepts: Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, Fleming’s Prime Steakhouse and Wine Bar and Roy’s. The Company offers its products and services through company owned and franchised locations throughout the United States and internationally. Bloomin’ Brands, Inc. is based in Tampa, Florida. “
  • 3/12/2019 – Bloomin’ Brands was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $22.00 price target on the stock. According to Zacks, “Bloomin’ Brands, Inc. is a casual dining restaurant company with a portfolio of differentiated restaurant concepts. It has five concepts: Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, Fleming’s Prime Steakhouse and Wine Bar and Roy’s. The Company offers its products and services through company owned and franchised locations throughout the United States and internationally. Bloomin’ Brands, Inc. is based in Tampa, Florida. “

NASDAQ BLMN traded up $0.30 on Tuesday, hitting $19.34. 686,720 shares of the stock traded hands, compared to its average volume of 1,339,719. Bloomin’ Brands Inc has a 12 month low of $17.08 and a 12 month high of $24.91. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 12.89, a price-to-earnings-growth ratio of 1.29 and a beta of 0.33. The company has a current ratio of 0.42, a quick ratio of 0.33 and a debt-to-equity ratio of 19.48.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings data on Thursday, February 14th. The restaurant operator reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.04. Bloomin’ Brands had a return on equity of 178.97% and a net margin of 2.60%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the company earned $0.18 earnings per share. Bloomin’ Brands’s revenue was down 5.9% compared to the same quarter last year. Analysts forecast that Bloomin’ Brands Inc will post 1.56 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Bloomin’ Brands in the fourth quarter worth about $32,422,000. Prudential Financial Inc. raised its stake in Bloomin’ Brands by 29.5% during the 4th quarter. Prudential Financial Inc. now owns 2,485,686 shares of the restaurant operator’s stock valued at $44,468,000 after buying an additional 566,831 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Bloomin’ Brands by 57.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,271,400 shares of the restaurant operator’s stock valued at $22,743,000 after buying an additional 464,300 shares during the last quarter. Vanguard Group Inc raised its stake in Bloomin’ Brands by 3.6% during the 3rd quarter. Vanguard Group Inc now owns 11,808,062 shares of the restaurant operator’s stock valued at $233,681,000 after buying an additional 404,855 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Bloomin’ Brands by 3.6% during the 3rd quarter. Vanguard Group Inc. now owns 11,808,062 shares of the restaurant operator’s stock valued at $233,681,000 after buying an additional 404,855 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

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.

Recommended Story: What is Green Investing?

Receive News & Ratings for Bloomin' Brands Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bloomin' Brands Inc and related companies with MarketBeat.com's FREE daily email newsletter.