Bloomin’ Brands, Inc. (NASDAQ:BLMN) Receives $22.33 Average Price Target from Analysts

Bloomin’ Brands, Inc. (NASDAQ:BLMN) has been assigned a consensus recommendation of “Hold” from the ten ratings firms that are covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $21.80.

BLMN has been the topic of a number of analyst reports. Bank of America lowered their target price on shares of Bloomin’ Brands from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday. StockNews.com cut shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a research note on Monday. UBS Group lowered their target price on shares of Bloomin’ Brands from $26.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Citigroup lowered their target price on shares of Bloomin’ Brands from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Monday, August 19th. Finally, Barclays lowered their target price on shares of Bloomin’ Brands from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday.

Bloomin’ Brands Trading Down 0.3 %

Shares of Bloomin’ Brands stock opened at $15.94 on Friday. The company’s fifty day simple moving average is $16.75 and its 200-day simple moving average is $19.72. The stock has a market capitalization of $1.38 billion, a PE ratio of 24.91 and a beta of 2.04. Bloomin’ Brands has a 1-year low of $15.14 and a 1-year high of $30.13. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.35 and a quick ratio of 0.26.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.07). The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Bloomin’ Brands had a return on equity of 61.90% and a net margin of 0.70%. The company’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.74 EPS. As a group, equities analysts anticipate that Bloomin’ Brands will post 2.08 earnings per share for the current year.

Institutional Trading of Bloomin’ Brands

A number of large investors have recently made changes to their positions in BLMN. Capstone Investment Advisors LLC bought a new position in Bloomin’ Brands during the 1st quarter valued at about $2,042,000. Annex Advisory Services LLC grew its holdings in Bloomin’ Brands by 27.7% during the 1st quarter. Annex Advisory Services LLC now owns 295,261 shares of the restaurant operator’s stock valued at $8,468,000 after purchasing an additional 64,006 shares during the last quarter. SG Americas Securities LLC grew its holdings in Bloomin’ Brands by 219.2% during the 2nd quarter. SG Americas Securities LLC now owns 165,705 shares of the restaurant operator’s stock valued at $3,187,000 after purchasing an additional 113,798 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Bloomin’ Brands by 29.6% during the 2nd quarter. Victory Capital Management Inc. now owns 2,492,119 shares of the restaurant operator’s stock valued at $47,923,000 after purchasing an additional 569,855 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Bloomin’ Brands during the 2nd quarter valued at about $563,000.

Bloomin’ Brands Company Profile

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; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.