Bloomin’ Brands (NASDAQ:BLMN) Price Target Lowered to $19.00 at Deutsche Bank Aktiengesellschaft

Bloomin’ Brands (NASDAQ:BLMN) had its price objective lowered by equities researchers at Deutsche Bank Aktiengesellschaft from $26.00 to $19.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the restaurant operator’s stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 11.83% from the company’s current price.

Several other brokerages also recently commented on BLMN. JPMorgan Chase & Co. cut their price objective on shares of Bloomin’ Brands from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 28th. Morgan Stanley cut their price target on shares of Bloomin’ Brands from $26.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 16th. BMO Capital Markets decreased their price objective on shares of Bloomin’ Brands from $27.00 to $20.00 and set a “market perform” rating for the company in a report on Wednesday. UBS Group cut their target price on Bloomin’ Brands from $26.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Barclays reduced their target price on Bloomin’ Brands from $30.00 to $22.00 and set an “overweight” rating for the company in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Bloomin’ Brands currently has a consensus rating of “Hold” and a consensus target price of $23.33.

Bloomin’ Brands Stock Up 0.1 %

BLMN traded up $0.01 during midday trading on Wednesday, reaching $16.99. The company’s stock had a trading volume of 802,918 shares, compared to its average volume of 1,480,179. The stock’s 50-day moving average is $19.26 and its 200-day moving average is $23.96. Bloomin’ Brands has a 1 year low of $16.20 and a 1 year high of $30.13. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 26.80 and a beta of 2.04. The company has a current ratio of 0.33, a quick ratio of 0.26 and a debt-to-equity ratio of 3.12.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.07). Bloomin’ Brands had a net margin of 1.56% and a return on equity of 65.73%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period last year, the business earned $0.74 EPS. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, research analysts expect that Bloomin’ Brands will post 2.37 EPS for the current year.

Institutional Investors Weigh In On Bloomin’ Brands

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. raised its holdings in Bloomin’ Brands by 2.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,926 shares of the restaurant operator’s stock valued at $1,124,000 after buying an additional 869 shares during the period. Kendall Capital Management lifted its holdings in shares of Bloomin’ Brands by 53.0% in the 4th quarter. Kendall Capital Management now owns 35,250 shares of the restaurant operator’s stock worth $992,000 after acquiring an additional 12,210 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of Bloomin’ Brands by 6.5% during the 4th quarter. Mutual of America Capital Management LLC now owns 644,653 shares of the restaurant operator’s stock worth $18,147,000 after purchasing an additional 39,270 shares during the period. Louisiana State Employees Retirement System purchased a new position in shares of Bloomin’ Brands during the fourth quarter valued at approximately $1,222,000. Finally, Rye Brook Capital LLC grew its stake in shares of Bloomin’ Brands by 6.2% during the fourth quarter. Rye Brook Capital LLC now owns 247,000 shares of the restaurant operator’s stock valued at $6,953,000 after buying an additional 14,500 shares during the last quarter.

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; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.