Bloomin' Brands Downgraded to Neutral at Tigress Financial (BLMN)
Bloomin' Brands (NASDAQ:BLMN) traded down 2.04% during mid-day trading on Thursday, hitting $16.36. The stock had a trading volume of 423,782 shares. Bloomin' Brands has a one year low of $15.01 and a one year high of $27.27. The stock has a 50-day moving average of $20.04 and a 200-day moving average of $22.13. The company has a market cap of $2.049 billion and a price-to-earnings ratio of 14.13.
Bloomin' Brands (NASDAQ:BLMN) last announced its earnings results on Tuesday, August 5th. The company reported $0.27 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.29 by $0.02. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. Analysts expect that Bloomin' Brands will post $1.08 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Bloomin' Brands from a “neutral” rating to an “underperform” rating in a research note on Wednesday. They now have a $15.40 price target on the stock. Separately, analysts at Williams Capital cut their price target on shares of Bloomin' Brands from $30.00 to $22.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Bloomin' Brands in a research note on Wednesday, August 6th. They now have a $20.00 price target on the stock, down previously from $27.00. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $21.64.
Bloomin’ Brands, Inc is a holding company. It is a casual dining restaurant company with a portfolio of restaurant concepts.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.