Bloomin' Brands (NASDAQ:BLMN) was downgraded by stock analysts at Raymond James Financial from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Wednesday.

Several other analysts have also commented on BLMN. Citigroup lowered Bloomin' Brands to a “market perform” rating in a report on Wednesday. Zacks Investment Research lowered Bloomin' Brands from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. BMO Capital Markets cut their price objective on Bloomin' Brands from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Monday, November 6th. Barclays cut their price objective on Bloomin' Brands from $23.00 to $22.00 and set an “overweight” rating for the company in a report on Wednesday, October 18th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $19.00 price objective on shares of Bloomin' Brands in a report on Thursday, October 12th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $21.00.

Bloomin' Brands (BLMN) traded up $0.27 during trading on Wednesday, hitting $22.42. The company’s stock had a trading volume of 1,635,100 shares, compared to its average volume of 1,538,447. The company has a market cap of $2,021.62, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 1.33 and a beta of 0.65. Bloomin' Brands has a twelve month low of $16.11 and a twelve month high of $22.47. The company has a current ratio of 0.36, a quick ratio of 0.29 and a debt-to-equity ratio of 31.17.

Bloomin' Brands (NASDAQ:BLMN) last posted its earnings results on Friday, November 3rd. The restaurant operator reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.04). Bloomin' Brands had a return on equity of 94.30% and a net margin of 1.93%. The business had revenue of $948.90 million during the quarter, compared to the consensus estimate of $944.30 million. During the same period in the previous year, the business posted $0.19 EPS. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. research analysts expect that Bloomin' Brands will post 1.33 earnings per share for the current fiscal year.

In other news, CEO Elizabeth A. Smith sold 1,700 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $17.00, for a total value of $28,900.00. Following the transaction, the chief executive officer now directly owns 82,935 shares in the company, valued at $1,409,895. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Elizabeth A. Smith sold 100,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $17.00, for a total value of $1,700,000.00. Following the completion of the transaction, the chairman now owns 82,935 shares in the company, valued at $1,409,895. The disclosure for this sale can be found here. Insiders sold 126,700 shares of company stock worth $2,240,650 over the last 90 days. Company insiders own 7.04% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Bloomin' Brands by 10.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,144 shares of the restaurant operator’s stock worth $109,000 after purchasing an additional 476 shares during the last quarter. New York State Teachers Retirement System bought a new stake in shares of Bloomin' Brands in the third quarter worth about $153,000. PNC Financial Services Group Inc. increased its holdings in shares of Bloomin' Brands by 83.2% in the second quarter. PNC Financial Services Group Inc. now owns 7,647 shares of the restaurant operator’s stock worth $162,000 after purchasing an additional 3,472 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Bloomin' Brands by 8.6% in the first quarter. Public Employees Retirement System of Ohio now owns 8,794 shares of the restaurant operator’s stock worth $174,000 after purchasing an additional 693 shares during the last quarter. Finally, Boothbay Fund Management LLC bought a new stake in shares of Bloomin' Brands in the third quarter worth about $181,000.

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About Bloomin' Brands

Bloomin’ Brands, Inc is a holding company. The Company owns and operates casual, upscale casual and fine dining restaurants. The Company operates through two segments: U.S. and International. The U.S. segment includes all brands operating in the United States. The International segment includes brands operating outside the United States.

Analyst Recommendations for Bloomin' Brands (NASDAQ:BLMN)

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