Bloomin’ Brands (NASDAQ:BLMN) had its target price lifted by investment analysts at BMO Capital Markets from $19.00 to $20.00 in a research report issued to clients and investors on Thursday, AnalystRatings.com reports. The brokerage presently has a “market perform” rating on the restaurant operator’s stock. BMO Capital Markets’ price target suggests a potential downside of 14.02% from the company’s current price.
Other analysts have also issued research reports about the company. MKM Partners set a $20.00 target price on Bloomin’ Brands and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Barclays dropped their price objective on Bloomin’ Brands from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, October 18th. BidaskClub raised Bloomin’ Brands from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. Deutsche Bank lowered Bloomin’ Brands from a “buy” rating to a “hold” rating and dropped their price objective for the company from $23.00 to $21.00 in a research note on Monday, October 14th. Finally, TheStreet lowered Bloomin’ Brands from a “b-” rating to a “c+” rating in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $21.80.
Shares of BLMN stock traded up $0.08 during trading on Thursday, hitting $23.26. The company had a trading volume of 59,827 shares, compared to its average volume of 950,370. The company has a quick ratio of 0.21, a current ratio of 0.30 and a debt-to-equity ratio of 15.18. The stock’s 50-day moving average is $19.31 and its two-hundred day moving average is $18.69. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 15.51, a price-to-earnings-growth ratio of 1.40 and a beta of 0.31. Bloomin’ Brands has a 52 week low of $15.12 and a 52 week high of $23.53.
Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings data on Wednesday, November 6th. The restaurant operator reported $0.10 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.10. The company had revenue of $967.14 million for the quarter, compared to analysts’ expectations of $967.04 million. Bloomin’ Brands had a net margin of 2.62% and a return on equity of 105.54%. Bloomin’ Brands’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.08 earnings per share. On average, research analysts predict that Bloomin’ Brands will post 1.56 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its holdings in shares of Bloomin’ Brands by 71.8% during the third quarter. Tower Research Capital LLC TRC now owns 1,660 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 694 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in Bloomin’ Brands by 1,720.4% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 1,693 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 1,600 shares during the period. LS Investment Advisors LLC bought a new stake in Bloomin’ Brands in the 2nd quarter worth approximately $56,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Bloomin’ Brands by 26.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,604 shares of the restaurant operator’s stock worth $106,000 after acquiring an additional 1,172 shares during the last quarter. Finally, Flinton Capital Management LLC bought a new stake in Bloomin’ Brands in the 2nd quarter worth approximately $135,000. Institutional investors own 94.18% of the company’s stock.
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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