BLMN has been the topic of several other research reports. JPMorgan Chase & Co. cut their target price on Bloomin’ Brands from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, June 28th. Zacks Investment Research raised Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Monday, July 15th. ValuEngine downgraded Bloomin’ Brands from a “hold” rating to a “sell” rating in a research note on Monday, July 8th. MKM Partners began coverage on Bloomin’ Brands in a research note on Tuesday, August 13th. They issued a “buy” rating and a $20.00 price objective on the stock. Finally, Deutsche Bank began coverage on Bloomin’ Brands in a research note on Friday, June 28th. They issued a “buy” rating and a $24.00 price objective on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $21.80.
NASDAQ BLMN traded up $0.47 during mid-day trading on Thursday, reaching $19.77. 27,228 shares of the company’s stock traded hands, compared to its average volume of 1,849,855. Bloomin’ Brands has a 1-year low of $15.12 and a 1-year high of $22.22. The company has a fifty day simple moving average of $17.12 and a 200-day simple moving average of $18.91. The company has a current ratio of 0.30, a quick ratio of 0.21 and a debt-to-equity ratio of 15.18. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 13.18, a P/E/G ratio of 1.27 and a beta of 0.27.
Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings data on Wednesday, July 31st. The restaurant operator reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.04 billion. Bloomin’ Brands had a return on equity of 105.54% and a net margin of 2.62%. Bloomin’ Brands’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 EPS. Equities research analysts forecast that Bloomin’ Brands will post 1.58 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of BLMN. BlackRock Inc. lifted its position in shares of Bloomin’ Brands by 91.6% in the second quarter. BlackRock Inc. now owns 14,314,548 shares of the restaurant operator’s stock worth $270,689,000 after buying an additional 6,842,170 shares during the last quarter. Cresset Asset Management LLC raised its holdings in Bloomin’ Brands by 390.9% in the 2nd quarter. Cresset Asset Management LLC now owns 10,461 shares of the restaurant operator’s stock valued at $198,000 after acquiring an additional 8,330 shares in the last quarter. Royal Bank of Canada raised its holdings in Bloomin’ Brands by 78.1% in the 2nd quarter. Royal Bank of Canada now owns 34,884 shares of the restaurant operator’s stock valued at $660,000 after acquiring an additional 15,295 shares in the last quarter. Verition Fund Management LLC acquired a new position in Bloomin’ Brands in the 2nd quarter valued at approximately $447,000. Finally, Factorial Partners LLC raised its holdings in Bloomin’ Brands by 6.3% in the 2nd quarter. Factorial Partners LLC now owns 42,300 shares of the restaurant operator’s stock valued at $800,000 after acquiring an additional 2,500 shares in the last quarter. Hedge funds and other institutional investors own 94.15% 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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