Bloomin’ Brands (NASDAQ:BLMN) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Bloomin’ Brands (NASDAQ:BLMN) posted its quarterly earnings data on Friday. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02, Briefing.com reports. Bloomin’ Brands had a return on equity of 61.90% and a net margin of 0.70%. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the business earned $0.44 EPS. Bloomin’ Brands’s revenue was down 5.1% compared to the same quarter last year.

Bloomin’ Brands Trading Down 9.7 %

NASDAQ:BLMN traded down $1.63 on Friday, hitting $15.15. 5,143,239 shares of the stock were exchanged, compared to its average volume of 1,485,407. The company has a current ratio of 0.35, a quick ratio of 0.26 and a debt-to-equity ratio of 3.46. Bloomin’ Brands has a fifty-two week low of $14.72 and a fifty-two week high of $30.13. The stock has a market cap of $1.29 billion, a PE ratio of 58.27 and a beta of 2.04. The stock has a fifty day moving average of $16.42 and a 200-day moving average of $18.88.

Analyst Ratings Changes

A number of analysts have recently weighed in on BLMN shares. Barclays lowered their price target on shares of Bloomin’ Brands from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, October 22nd. Morgan Stanley decreased their target price on shares of Bloomin’ Brands from $26.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. StockNews.com raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Wednesday. BMO Capital Markets dropped their price objective on shares of Bloomin’ Brands from $27.00 to $20.00 and set a “market perform” rating for the company in a research note on Wednesday, August 7th. Finally, Citigroup reduced their price target on Bloomin’ Brands from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, August 19th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Bloomin’ Brands has a consensus rating of “Hold” and an average target price of $21.33.

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.