Bloomin’ Brands (NASDAQ:BLMN) Cut to “Sell” at StockNews.com

StockNews.com cut shares of Bloomin’ Brands (NASDAQ:BLMN) from a hold rating to a sell rating in a research report sent to investors on Friday.

A number of other analysts have also recently commented on BLMN. Raymond James cut shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. The Goldman Sachs Group initiated coverage on shares of Bloomin’ Brands in a research report on Thursday, December 5th. They set a “sell” rating and a $13.00 price target on the stock. Bank of America decreased their target price on shares of Bloomin’ Brands from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. reduced their price target on Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. Finally, UBS Group decreased their price objective on shares of Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to data from MarketBeat, Bloomin’ Brands has a consensus rating of “Hold” and a consensus target price of $16.90.

Bloomin’ Brands Stock Up 0.1 %

Shares of BLMN opened at $12.33 on Friday. The business’s fifty day moving average price is $12.42 and its two-hundred day moving average price is $15.37. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of -112.08 and a beta of 1.97. Bloomin’ Brands has a 52 week low of $11.03 and a 52 week high of $30.13. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.22 and a current ratio of 0.31.

Bloomin’ Brands (NASDAQ:BLMN) last released its earnings results on Friday, November 8th. The restaurant operator reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. Bloomin’ Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the business earned $0.44 EPS. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. On average, analysts predict that Bloomin’ Brands will post 1.8 earnings per share for the current year.

Institutional Trading of Bloomin’ Brands

A number of institutional investors have recently modified their holdings of BLMN. FMR LLC raised its position in Bloomin’ Brands by 34.8% during the third quarter. FMR LLC now owns 1,381,150 shares of the restaurant operator’s stock valued at $22,830,000 after purchasing an additional 356,456 shares in the last quarter. Barclays PLC lifted its holdings in Bloomin’ Brands by 29.4% during the 3rd quarter. Barclays PLC now owns 219,080 shares of the restaurant operator’s stock worth $3,621,000 after buying an additional 49,723 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its holdings in Bloomin’ Brands by 58.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 691,585 shares of the restaurant operator’s stock valued at $11,432,000 after acquiring an additional 254,570 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Bloomin’ Brands by 6.2% during the third quarter. Principal Financial Group Inc. now owns 2,529,130 shares of the restaurant operator’s stock worth $41,806,000 after buying an additional 147,895 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Bloomin’ Brands by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,255,059 shares of the restaurant operator’s stock worth $20,746,000 after acquiring an additional 70,925 shares during the period.

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