Bloomin’ Brands (BLMN) Projected to Post Earnings on Wednesday

Bloomin’ Brands (NASDAQ:BLMN) is expected to release its earnings data before the market opens on Wednesday, February 26th. Analysts expect Bloomin’ Brands to post earnings of $0.38 per share and revenue of $1.08 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Bloomin’ Brands Trading Down 1.4 %

Shares of NASDAQ:BLMN opened at $11.84 on Monday. The company’s 50-day moving average price is $12.02 and its two-hundred day moving average price is $14.39. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.22. Bloomin’ Brands has a one year low of $10.85 and a one year high of $30.13. The stock has a market capitalization of $1.00 billion, a PE ratio of -107.63 and a beta of 1.97.

Analyst Upgrades and Downgrades

Several brokerages have commented on BLMN. UBS Group cut their price target on shares of Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. The Goldman Sachs Group began coverage on shares of Bloomin’ Brands in a research report on Thursday, December 5th. They set a “sell” rating and a $13.00 price target on the stock. StockNews.com raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. cut their price target on shares of Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 12th. Finally, Bank of America cut shares of Bloomin’ Brands from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $18.00 to $13.00 in a report on Monday, January 27th. Two analysts have rated the stock with a sell rating and ten have given a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $16.30.

About Bloomin’ Brands

Bloomin’ Brands, Inc engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.