Several other research analysts also recently commented on BLMN. TheStreet downgraded Bloomin’ Brands from a “b-” rating to a “c+” rating in a report on Monday, August 5th. JPMorgan Chase & Co. lowered their price target on Bloomin’ Brands from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday, June 28th. ValuEngine upgraded Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Monday, September 16th. Zacks Investment Research upgraded Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Friday, October 11th. Finally, Loop Capital started coverage on Bloomin’ Brands in a research note on Monday, July 22nd. They set a “buy” rating and a $22.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $21.80.
BLMN stock traded up $0.02 during mid-day trading on Wednesday, hitting $23.20. 1,194,400 shares of the company were exchanged, compared to its average volume of 1,553,692. The firm has a market cap of $1.82 billion, a P/E ratio of 15.47, a P/E/G ratio of 1.40 and a beta of 0.31. The company has a debt-to-equity ratio of 15.18, a quick ratio of 0.21 and a current ratio of 0.30. The firm’s 50 day simple moving average is $19.36 and its 200 day simple moving average is $18.71. Bloomin’ Brands has a 1-year low of $15.12 and a 1-year high of $23.53.
Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings results on Wednesday, November 6th. The restaurant operator reported $0.10 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.10. The business had revenue of $967.14 million for the quarter, compared to analysts’ expectations of $967.04 million. Bloomin’ Brands had a return on equity of 105.54% and a net margin of 2.62%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.08 EPS. On average, equities research analysts predict that Bloomin’ Brands will post 1.56 EPS for the current fiscal year.
Institutional investors have recently modified their holdings of the business. Copeland Capital Management LLC increased its stake in shares of Bloomin’ Brands by 5.3% during the 3rd quarter. Copeland Capital Management LLC now owns 1,543,479 shares of the restaurant operator’s stock worth $29,219,000 after purchasing an additional 77,204 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Bloomin’ Brands by 71.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,660 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 694 shares during the period. Tibra Equities Europe Ltd acquired a new position in shares of Bloomin’ Brands in the 3rd quarter valued at $292,000. First Mercantile Trust Co. acquired a new position in shares of Bloomin’ Brands in the 3rd quarter valued at $143,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Bloomin’ Brands by 62.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,114,835 shares of the restaurant operator’s stock valued at $21,101,000 after purchasing an additional 426,687 shares during the last quarter. 94.18% of the stock is owned by institutional investors.
About Bloomin’ Brands
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.
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