Bloomin’ Brands (NASDAQ:BLMN) Trading 2.5% Higher

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) rose 2.5% on Friday . The stock traded as high as $27.13 and last traded at $26.70. Approximately 5,545 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 1,866,719 shares. The stock had previously closed at $26.06.

A number of research firms have commented on BLMN. Deutsche Bank Aktiengesellschaft upgraded shares of Bloomin’ Brands from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Monday, August 2nd. Wells Fargo & Company reduced their price objective on shares of Bloomin’ Brands from $37.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 20th. TheStreet downgraded shares of Bloomin’ Brands from a “b-” rating to a “c” rating in a research note on Monday, September 13th. Zacks Investment Research downgraded shares of Bloomin’ Brands from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 14th. Finally, Credit Suisse Group upgraded shares of Bloomin’ Brands from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $32.00 to $33.00 in a research note on Tuesday, August 3rd. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $32.54.

The company has a debt-to-equity ratio of 5.49, a quick ratio of 0.21 and a current ratio of 0.27. The stock’s fifty day moving average is $25.64 and its two-hundred day moving average is $27.21. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 3.55 and a beta of 2.17.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings data on Thursday, July 29th. The restaurant operator reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.14. Bloomin’ Brands had a net margin of 3.28% and a return on equity of 251.96%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the company earned ($0.74) EPS. The company’s revenue for the quarter was up 86.2% compared to the same quarter last year. Sell-side analysts predict that Bloomin’ Brands, Inc. will post 2.81 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in Bloomin’ Brands by 4.5% during the 1st quarter. BlackRock Inc. now owns 13,094,491 shares of the restaurant operator’s stock valued at $354,206,000 after buying an additional 564,572 shares during the period. Vanguard Group Inc. increased its stake in Bloomin’ Brands by 9.5% during the 2nd quarter. Vanguard Group Inc. now owns 10,284,125 shares of the restaurant operator’s stock valued at $279,110,000 after buying an additional 887,995 shares during the period. Invesco Ltd. increased its stake in Bloomin’ Brands by 200.8% during the 2nd quarter. Invesco Ltd. now owns 3,612,152 shares of the restaurant operator’s stock valued at $98,034,000 after buying an additional 2,411,492 shares during the period. State Street Corp increased its stake in Bloomin’ Brands by 2.2% during the 2nd quarter. State Street Corp now owns 2,864,619 shares of the restaurant operator’s stock valued at $77,746,000 after buying an additional 62,580 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in Bloomin’ Brands by 6,584.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,843,436 shares of the restaurant operator’s stock valued at $76,915,000 after buying an additional 2,800,896 shares during the period.

About Bloomin’ Brands (NASDAQ:BLMN)

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

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