Bloomin’ Brands (NASDAQ:BLMN) had its price objective decreased by Barclays from $24.00 to $22.00 in a research report report published on Friday, BenzingaRatingsTable reports. Barclays currently has an overweight rating on the restaurant operator’s stock.
BLMN has been the subject of several other reports. MKM Partners set a $20.00 target price on Bloomin’ Brands and gave the stock a buy rating in a research report on Tuesday, September 3rd. Zacks Investment Research raised Bloomin’ Brands from a sell rating to a hold rating in a research report on Friday, October 11th. JPMorgan Chase & Co. lowered their price objective on Bloomin’ Brands from $23.00 to $22.00 and set an overweight rating for the company in a research report on Friday, June 28th. Deutsche Bank lowered Bloomin’ Brands from a buy rating to a hold rating and lowered their price objective for the stock from $23.00 to $21.00 in a research report on Monday, October 14th. Finally, ValuEngine raised Bloomin’ Brands from a sell rating to a hold rating in a research report on Monday, September 16th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $20.80.
Shares of NASDAQ:BLMN opened at $18.20 on Friday. The firm has a market cap of $1.57 billion, a P/E ratio of 12.13, a P/E/G ratio of 1.20 and a beta of 0.31. The company has a quick ratio of 0.21, a current ratio of 0.30 and a debt-to-equity ratio of 15.18. Bloomin’ Brands has a 12-month low of $15.12 and a 12-month high of $22.22. The business has a fifty day simple moving average of $18.98 and a 200 day simple moving average of $18.68.
Bloomin’ Brands (NASDAQ:BLMN) last announced its earnings results on Wednesday, July 31st. The restaurant operator reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.01. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.04 billion. Bloomin’ Brands had a return on equity of 105.54% and a net margin of 2.62%. Bloomin’ Brands’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period last year, the company earned $0.36 EPS. As a group, equities research analysts expect that Bloomin’ Brands will post 1.56 EPS for the current year.
Several hedge funds have recently bought and sold shares of BLMN. LS Investment Advisors LLC bought a new position in shares of Bloomin’ Brands in the 2nd quarter worth about $56,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Bloomin’ Brands by 26.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,604 shares of the restaurant operator’s stock valued at $106,000 after buying an additional 1,172 shares in the last quarter. Advisor Group Inc. increased its position in Bloomin’ Brands by 35.7% in the 2nd quarter. Advisor Group Inc. now owns 7,144 shares of the restaurant operator’s stock valued at $135,000 after buying an additional 1,881 shares in the last quarter. Flinton Capital Management LLC bought a new stake in Bloomin’ Brands in the 2nd quarter valued at about $135,000. Finally, Riverhead Capital Management LLC bought a new stake in Bloomin’ Brands in the 2nd quarter valued at about $144,000. 94.15% of the stock is owned by hedge funds and other 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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