Bloomin’ Brands (NASDAQ:BLMN) Sets New 1-Year Low – Should You Sell?

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) reached a new 52-week low during trading on Friday . The stock traded as low as $15.00 and last traded at $15.00, with a volume of 54545 shares changing hands. The stock had previously closed at $16.78.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BLMN. Deutsche Bank Aktiengesellschaft decreased their price objective on Bloomin’ Brands from $26.00 to $19.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Bank of America reduced 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. UBS Group cut their price target on shares of Bloomin’ Brands from $26.00 to $18.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. StockNews.com raised Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Barclays reduced their price target on Bloomin’ Brands from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday, October 22nd. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $21.33.

Bloomin’ Brands Trading Down 11.1 %

The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 58.08 and a beta of 2.04. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.26 and a current ratio of 0.35. The business has a fifty day moving average price of $16.47 and a 200 day moving average price of $18.96.

Bloomin’ Brands (NASDAQ:BLMN) last issued its earnings results on Tuesday, August 6th. The restaurant operator reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.07). Bloomin’ Brands had a net margin of 0.70% and a return on equity of 61.90%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the prior year, the business posted $0.74 EPS. The business’s revenue was down 2.9% on a year-over-year basis. As a group, equities analysts forecast that Bloomin’ Brands, Inc. will post 2.07 earnings per share for the current year.

Hedge Funds Weigh In On Bloomin’ Brands

A number of institutional investors have recently made changes to their positions in BLMN. Gladius Capital Management LP acquired a new stake in shares of Bloomin’ Brands in the 3rd quarter valued at about $26,000. Royce & Associates LP grew its position in shares of Bloomin’ Brands by 17.0% in the 3rd quarter. Royce & Associates LP now owns 508,688 shares of the restaurant operator’s stock worth $8,409,000 after acquiring an additional 74,079 shares in the last quarter. KBC Group NV increased its holdings in shares of Bloomin’ Brands by 79.1% in the 3rd quarter. KBC Group NV now owns 3,371 shares of the restaurant operator’s stock valued at $56,000 after acquiring an additional 1,489 shares during the last quarter. Verdence Capital Advisors LLC raised its position in shares of Bloomin’ Brands by 6.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 12,676 shares of the restaurant operator’s stock valued at $210,000 after acquiring an additional 780 shares in the last quarter. Finally, Easterly Investment Partners LLC raised its position in shares of Bloomin’ Brands by 14.8% during the 3rd quarter. Easterly Investment Partners LLC now owns 676,157 shares of the restaurant operator’s stock valued at $11,177,000 after acquiring an additional 87,293 shares in the last quarter.

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.