Goldman Sachs Group Reaffirms Sell Rating for Bloomin' Brands (BLMN)

Bloomin' Brands (NASDAQ:BLMN)‘s stock had its “sell” rating restated by investment analysts at Goldman Sachs Group in a research report issued to clients and investors on Friday, Marketbeat.com reports.

A number of other equities analysts have also recently weighed in on BLMN. Zacks Investment Research upgraded Bloomin' Brands from a “sell” rating to a “hold” rating in a report on Thursday. Barclays restated an “overweight” rating and issued a $25.00 price target (up previously from $21.00) on shares of Bloomin' Brands in a report on Tuesday. BidaskClub cut Bloomin' Brands from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Jefferies Group restated a “hold” rating and issued a $23.00 price target on shares of Bloomin' Brands in a report on Friday, December 22nd. Finally, Citigroup cut Bloomin' Brands to a “market perform” rating in a report on Wednesday, December 6th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $22.00.

Bloomin' Brands (NASDAQ BLMN) traded down $0.06 during midday trading on Friday, reaching $21.90. The company’s stock had a trading volume of 1,310,000 shares, compared to its average volume of 907,292. The stock has a market cap of $2,040.00, a PE ratio of 28.44, a PEG ratio of 1.65 and a beta of 0.64. Bloomin' Brands has a 52-week low of $16.11 and a 52-week high of $22.96. The company has a debt-to-equity ratio of 31.17, a quick ratio of 0.29 and a current ratio of 0.36.

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

In other Bloomin' Brands news, Chairman Elizabeth A. Smith sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $17.00, for a total value of $1,700,000.00. Following the transaction, the chairman now directly owns 82,935 shares of the company’s stock, valued at approximately $1,409,895. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Elizabeth A. Smith sold 1,700 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $17.00, for a total value of $28,900.00. Following the completion of the transaction, the chief executive officer now directly owns 82,935 shares in the company, valued at $1,409,895. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 555,378 shares of company stock worth $11,209,849. 7.04% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Jana Partners LLC acquired a new stake in shares of Bloomin' Brands during the 3rd quarter valued at approximately $73,480,000. Stevens Capital Management LP raised its position in shares of Bloomin' Brands by 57.7% during the 3rd quarter. Stevens Capital Management LP now owns 18,849 shares of the restaurant operator’s stock valued at $332,000 after acquiring an additional 6,900 shares in the last quarter. Numeric Investors LLC acquired a new stake in shares of Bloomin' Brands during the 2nd quarter valued at approximately $4,573,000. Segall Bryant & Hamill LLC raised its position in shares of Bloomin' Brands by 13.9% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 187,652 shares of the restaurant operator’s stock valued at $3,303,000 after acquiring an additional 22,906 shares in the last quarter. Finally, Jennison Associates LLC acquired a new stake in shares of Bloomin' Brands during the 3rd quarter valued at approximately $620,000.

TRADEMARK VIOLATION NOTICE: “Goldman Sachs Group Reaffirms Sell Rating for Bloomin' Brands (BLMN)” was first posted by American Banking News and is owned by of American Banking News. If you are accessing this article on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright law. The legal version of this article can be read at https://www.americanbankingnews.com/2018/01/20/goldman-sachs-group-reaffirms-sell-rating-for-bloomin-brands-blmn.html.

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)

Receive News & Ratings for Bloomin' Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bloomin' Brands and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply