Bloomin’ Brands, Inc. (NASDAQ:BLMN) Receives Average Rating of “Hold” from Analysts

Bloomin’ Brands, Inc. (NASDAQ:BLMN) has been assigned an average recommendation of “Hold” from the ten brokerages that are covering the stock, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $21.80.

BLMN has been the subject of a number of research analyst reports. Bank of America decreased their target price on Bloomin’ Brands from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reduced their price objective on Bloomin’ Brands from $26.00 to $19.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Morgan Stanley cut their target price on Bloomin’ Brands from $26.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. StockNews.com downgraded shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. Finally, Barclays cut their price target on shares of Bloomin’ Brands from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC bought a new stake in shares of Bloomin’ Brands in the first quarter valued at approximately $30,000. EntryPoint Capital LLC raised its stake in Bloomin’ Brands by 6,454.9% in the first quarter. EntryPoint Capital LLC now owns 3,343 shares of the restaurant operator’s stock valued at $96,000 after purchasing an additional 3,292 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Bloomin’ Brands during the second quarter worth about $111,000. Bayesian Capital Management LP bought a new position in Bloomin’ Brands in the 1st quarter valued at about $219,000. Finally, Duality Advisers LP acquired a new position in shares of Bloomin’ Brands in the 1st quarter valued at approximately $225,000.

Bloomin’ Brands Stock Performance

Shares of NASDAQ:BLMN opened at $15.96 on Friday. The firm’s 50 day simple moving average is $16.70 and its 200 day simple moving average is $19.62. Bloomin’ Brands has a fifty-two week low of $15.14 and a fifty-two week high of $30.13. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 24.94 and a beta of 2.04. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.35 and a quick ratio of 0.26.

Bloomin’ Brands (NASDAQ:BLMN) last posted its earnings results on Tuesday, August 6th. The restaurant operator reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.07). Bloomin’ Brands had a return on equity of 61.90% and a net margin of 0.70%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the business posted $0.74 earnings per share. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, sell-side analysts forecast that Bloomin’ Brands will post 2.08 earnings per share for the current year.

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