Equities research analysts expect Bloomin’ Brands Inc (NASDAQ:BLMN) to announce sales of $996.15 million for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Bloomin’ Brands’ earnings, with estimates ranging from $984.60 million to $1.01 billion. Bloomin’ Brands reported sales of $1.09 billion during the same quarter last year, which indicates a negative year over year growth rate of 8.6%. The firm is expected to report its next quarterly earnings results on Thursday, February 28th.

According to Zacks, analysts expect that Bloomin’ Brands will report full-year sales of $4.11 billion for the current financial year, with estimates ranging from $4.09 billion to $4.12 billion. For the next year, analysts expect that the business will post sales of $4.20 billion, with estimates ranging from $4.16 billion to $4.23 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Bloomin’ Brands.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings data on Monday, October 29th. The restaurant operator reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.01. The firm had revenue of $965.00 million for the quarter, compared to the consensus estimate of $965.17 million. Bloomin’ Brands had a return on equity of 196.28% and a net margin of 2.68%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 EPS.

Several research firms recently issued reports on BLMN. Barclays cut their price objective on Bloomin’ Brands from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, November 29th. JPMorgan Chase & Co. upgraded Bloomin’ Brands from a “neutral” rating to an “overweight” rating and set a $23.00 price objective on the stock in a report on Tuesday. Gordon Haskett began coverage on Bloomin’ Brands in a report on Thursday, October 18th. They issued a “buy” rating and a $23.00 price objective on the stock. Zacks Investment Research upgraded Bloomin’ Brands from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Thursday, December 13th. Finally, BidaskClub upgraded Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $22.22.

Shares of BLMN stock traded down $0.07 on Friday, hitting $19.69. The stock had a trading volume of 966,800 shares, compared to its average volume of 1,470,925. The company has a current ratio of 0.37, a quick ratio of 0.29 and a debt-to-equity ratio of 18.69. The company has a market capitalization of $1.82 billion, a PE ratio of 14.48, a P/E/G ratio of 1.36 and a beta of 0.35. Bloomin’ Brands has a 1 year low of $17.08 and a 1 year high of $25.00.

In related news, Director Mindy F. Grossman sold 8,000 shares of the business’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $20.96, for a total transaction of $167,680.00. Following the completion of the transaction, the director now directly owns 9,790 shares of the company’s stock, valued at approximately $205,198.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.47% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BLMN. Point72 Hong Kong Ltd acquired a new position in shares of Bloomin’ Brands during the 2nd quarter worth about $149,000. Jefferies Group LLC acquired a new position in shares of Bloomin’ Brands during the 3rd quarter worth about $199,000. Cerebellum GP LLC boosted its position in shares of Bloomin’ Brands by 49.7% during the 4th quarter. Cerebellum GP LLC now owns 14,376 shares of the restaurant operator’s stock worth $257,000 after acquiring an additional 4,771 shares in the last quarter. CSat Investment Advisory L.P. acquired a new position in shares of Bloomin’ Brands during the 2nd quarter worth about $292,000. Finally, Commonwealth Bank of Australia acquired a new position in shares of Bloomin’ Brands during the 3rd quarter worth about $298,000. 95.57% 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.

Further Reading: Market Capitalization and Individual Investors

Get a free copy of the Zacks research report on Bloomin’ Brands (BLMN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Bloomin' Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bloomin' Brands and related companies with MarketBeat.com's FREE daily email newsletter.