Bloomin’ Brands (NASDAQ:BLMN) had its price objective hoisted by MKM Partners from $20.00 to $26.00 in a report issued on Thursday, Stock Target Advisor reports. The firm presently has a “buy” rating on the restaurant operator’s stock. MKM Partners’ price objective would indicate a potential upside of 12.36% from the stock’s previous close.
A number of other brokerages also recently weighed in on BLMN. Deutsche Bank downgraded shares of Bloomin’ Brands from a “buy” rating to a “hold” rating and lowered their price objective for the company from $23.00 to $21.00 in a research report on Monday, October 14th. BidaskClub upgraded shares of Bloomin’ Brands from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. Loop Capital began coverage on shares of Bloomin’ Brands in a research report on Monday, July 22nd. They set a “buy” rating and a $22.00 price objective on the stock. Barclays lowered their price objective on shares of Bloomin’ Brands from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, October 18th. Finally, Zacks Investment Research upgraded shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $21.80.
Shares of NASDAQ BLMN traded down $0.04 during midday trading on Thursday, hitting $23.14. The stock had a trading volume of 51,459 shares, compared to its average volume of 950,370. The business’s 50 day moving average is $19.31 and its 200-day moving average is $18.69. The company has a market cap of $1.82 billion, a P/E ratio of 15.49, a PEG 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. The company has a quick ratio of 0.21, a current ratio of 0.30 and a debt-to-equity ratio of 15.18.
Bloomin’ Brands (NASDAQ:BLMN) last issued its earnings results on Wednesday, November 6th. The restaurant operator reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. The firm had revenue of $967.14 million for the quarter, compared to the consensus estimate of $967.04 million. Bloomin’ Brands had a net margin of 2.62% and a return on equity of 105.54%. The business’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.08 earnings per share. As a group, analysts expect that Bloomin’ Brands will post 1.56 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in BLMN. Tower Research Capital LLC TRC raised its position in Bloomin’ Brands by 71.8% in the third quarter. Tower Research Capital LLC TRC now owns 1,660 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 694 shares during the period. Steward Partners Investment Advisory LLC raised its position in Bloomin’ Brands by 1,720.4% in the third quarter. Steward Partners Investment Advisory LLC now owns 1,693 shares of the restaurant operator’s stock worth $32,000 after acquiring an additional 1,600 shares during the period. LS Investment Advisors LLC bought a new position in Bloomin’ Brands in the second quarter worth approximately $56,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Bloomin’ Brands by 26.4% in the third 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 period. Finally, Advisor Group Inc. raised its position in Bloomin’ Brands by 35.7% in the second quarter. Advisor Group Inc. now owns 7,144 shares of the restaurant operator’s stock worth $135,000 after acquiring an additional 1,881 shares during the period. Institutional investors and hedge funds 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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