StockNews.com Upgrades Bloomin’ Brands (NASDAQ:BLMN) to Hold

StockNews.com upgraded shares of Bloomin’ Brands (NASDAQ:BLMN) from a sell rating to a hold rating in a report issued on Tuesday.

Several other analysts have also weighed in on the company. Barclays reduced their price objective on Bloomin’ Brands from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 22nd. Citigroup decreased their price target on shares of Bloomin’ Brands from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, August 19th. Morgan Stanley dropped their price objective on shares of Bloomin’ Brands from $26.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. BMO Capital Markets decreased their target price on shares of Bloomin’ Brands from $27.00 to $20.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 7th. Finally, UBS Group dropped their price target on Bloomin’ Brands from $26.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $21.80.

Bloomin’ Brands Price Performance

Shares of NASDAQ:BLMN opened at $16.25 on Tuesday. The company has a current ratio of 0.35, a quick ratio of 0.26 and a debt-to-equity ratio of 3.46. The stock has a market capitalization of $1.38 billion, a PE ratio of 62.50 and a beta of 2.04. The firm has a 50 day moving average of $16.61 and a 200-day moving average of $19.34. Bloomin’ Brands has a 12 month low of $15.14 and a 12 month high of $30.13.

Bloomin’ Brands (NASDAQ:BLMN) last released its earnings results on Tuesday, August 6th. The restaurant operator reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.07). The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. Bloomin’ Brands had a return on equity of 61.90% and a net margin of 0.70%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.74 earnings per share. On average, equities research analysts predict that Bloomin’ Brands will post 2.07 EPS for the current fiscal year.

Institutional Trading of Bloomin’ Brands

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Headlands Technologies LLC bought a new position in Bloomin’ Brands during the 1st quarter worth approximately $30,000. EntryPoint Capital LLC raised its stake in Bloomin’ Brands by 6,454.9% during the first quarter. EntryPoint Capital LLC now owns 3,343 shares of the restaurant operator’s stock worth $96,000 after buying an additional 3,292 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Bloomin’ Brands in the second quarter valued at $111,000. Bayesian Capital Management LP bought a new stake in Bloomin’ Brands during the first quarter valued at $219,000. Finally, Duality Advisers LP acquired a new stake in Bloomin’ Brands during the 1st quarter worth about $225,000.

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; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.