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

Bloomin’ Brands, Inc. (NASDAQ:BLMN) has received an average rating of “Reduce” from the eight brokerages that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $8.5312.

A number of equities analysts have commented on BLMN shares. Weiss Ratings raised shares of Bloomin’ Brands from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 15th. Citigroup dropped their price objective on shares of Bloomin’ Brands from $9.50 to $8.75 and set a “neutral” rating on the stock in a research report on Friday, July 24th. Sanford C. Bernstein set a $9.00 target price on shares of Bloomin’ Brands in a research note on Thursday, May 7th. The Goldman Sachs Group lifted their target price on shares of Bloomin’ Brands from $6.00 to $8.50 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. lowered shares of Bloomin’ Brands from a “neutral” rating to an “underweight” rating and set a $6.00 price target on the stock. in a research note on Friday, April 24th.

Institutional Investors Weigh In On Bloomin’ Brands

A number of institutional investors have recently made changes to their positions in the company. Bank of America Corp DE grew its holdings in shares of Bloomin’ Brands by 35.4% during the 1st quarter. Bank of America Corp DE now owns 157,826 shares of the restaurant operator’s stock worth $852,000 after purchasing an additional 41,275 shares in the last quarter. Empowered Funds LLC lifted its position in Bloomin’ Brands by 150.1% during the first quarter. Empowered Funds LLC now owns 690,137 shares of the restaurant operator’s stock worth $3,727,000 after purchasing an additional 414,146 shares during the period. SummitTX Capital L.P. bought a new stake in Bloomin’ Brands during the first quarter worth about $101,000. Weiss Asset Management LP bought a new stake in Bloomin’ Brands during the first quarter worth about $1,576,000. Finally, Entropy Technologies LP acquired a new stake in Bloomin’ Brands during the first quarter worth about $84,000.

Bloomin’ Brands Stock Down 1.3%

BLMN stock opened at $8.92 on Friday. The firm has a market cap of $763.64 million, a price-to-earnings ratio of 35.68, a PEG ratio of 7.21 and a beta of 1.22. Bloomin’ Brands has a 1-year low of $5.19 and a 1-year high of $9.27. The firm has a fifty day moving average price of $8.26 and a two-hundred day moving average price of $7.14. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.26 and a quick ratio of 0.19.

Bloomin’ Brands (NASDAQ:BLMN) last posted its earnings results on Wednesday, May 6th. The restaurant operator reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.10. Bloomin’ Brands had a return on equity of 28.00% and a net margin of 0.55%.The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the firm earned $0.59 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. Research analysts predict that Bloomin’ Brands will post 0.86 EPS for the current year.

Bloomin’ Brands Company Profile

Bloomin’ Brands, Inc engages in the ownership, operation and franchising of casual dining restaurants worldwide. The company’s portfolio includes five full-service restaurant chains: Outback Steakhouse, known for its Australian-inspired steakhouse concept; Carrabba’s Italian Grill, offering Italian-American cuisine; Bonefish Grill, specializing in handcrafted seafood dishes; Fleming’s Prime Steakhouse & Wine Bar, focusing on premium steak and wine experiences; and Aussie Grill by Outback, featuring a streamlined menu of signature items.