Bloomin’ Brands (NASDAQ:BLMN) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday, February 4th.
A number of other research firms have also commented on BLMN. Zacks Investment Research lowered shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a research report on Thursday, January 3rd. Morgan Stanley raised shares of Bloomin’ Brands from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, December 19th. They noted that the move was a valuation call. TheStreet lowered shares of Bloomin’ Brands from a “b-” rating to a “c+” rating in a research report on Monday, October 29th. JPMorgan Chase & Co. raised shares of Bloomin’ Brands from a “neutral” rating to an “overweight” rating and set a $23.00 price target on the stock in a research report on Tuesday, January 8th. Finally, Barclays lowered their price target on shares of Bloomin’ Brands from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Thursday, November 29th. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $21.56.
Shares of BLMN traded up $0.04 during trading hours on Monday, hitting $20.72. The company had a trading volume of 1,784,123 shares, compared to its average volume of 1,473,503. The firm has a market capitalization of $2.02 billion, a PE ratio of 13.81, a PEG ratio of 1.50 and a beta of 0.33. Bloomin’ Brands has a 12 month low of $17.08 and a 12 month high of $25.00. The company has a debt-to-equity ratio of 18.69, a current ratio of 0.37 and a quick ratio of 0.29.
Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings data on Thursday, February 14th. The restaurant operator reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. Bloomin’ Brands had a net margin of 2.60% and a return on equity of 162.52%. The company’s revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.18 earnings per share. Analysts predict that Bloomin’ Brands will post 1.56 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Advisor Group Inc. raised its holdings in Bloomin’ Brands by 72.0% in the 4th quarter. Advisor Group Inc. now owns 3,233 shares of the restaurant operator’s stock valued at $57,000 after buying an additional 1,353 shares during the last quarter. PNC Financial Services Group Inc. bought a new position in Bloomin’ Brands in the 4th quarter valued at approximately $60,000. Meeder Asset Management Inc. raised its holdings in Bloomin’ Brands by 211.1% in the 4th quarter. Meeder Asset Management Inc. now owns 8,677 shares of the restaurant operator’s stock valued at $156,000 after buying an additional 5,888 shares during the last quarter. Jefferies Group LLC bought a new position in Bloomin’ Brands in the 3rd quarter valued at approximately $199,000. Finally, Paloma Partners Management Co bought a new position in Bloomin’ Brands in the 4th quarter valued at approximately $206,000. Institutional investors own 95.53% of the company’s stock.
About Bloomin’ Brands
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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