Bloomin’ Brands, Inc. (NASDAQ:BLMN) Given Average Rating of “Reduce” by Analysts

Bloomin’ Brands, Inc. (NASDAQ:BLMN) has been assigned an average recommendation of “Reduce” from the eleven brokerages that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating and nine have issued a hold rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $16.30.

A number of equities research analysts have recently issued reports on BLMN shares. Piper Sandler reduced their price objective on Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, November 11th. JPMorgan Chase & Co. reduced their price objective on Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. Barclays reiterated an “equal weight” rating and issued a $13.00 price target (down from $19.00) on shares of Bloomin’ Brands in a research report on Tuesday, January 7th. Bank of America downgraded shares of Bloomin’ Brands from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $18.00 to $13.00 in a research report on Monday, January 27th. Finally, The Goldman Sachs Group assumed coverage on shares of Bloomin’ Brands in a research report on Thursday, December 5th. They issued a “sell” rating and a $13.00 price target for the company.

Bloomin’ Brands Trading Down 2.6 %

Bloomin’ Brands stock opened at $12.56 on Monday. 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. The stock has a market capitalization of $1.07 billion, a P/E ratio of -114.17 and a beta of 1.97. The stock has a 50-day simple moving average of $12.41 and a 200 day simple moving average of $15.17.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly 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 positive return on equity of 62.18% and a negative net margin of 0.12%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the company posted $0.44 earnings per share. Bloomin’ Brands’s quarterly revenue was down 5.1% on a year-over-year basis. Analysts expect that Bloomin’ Brands will post 1.8 earnings per share for the current year.

Institutional Trading of Bloomin’ Brands

Hedge funds and other institutional investors have recently modified their holdings of the stock. Gladius Capital Management LP bought a new stake in shares of Bloomin’ Brands during the third quarter worth $26,000. KBC Group NV grew its stake in shares of Bloomin’ Brands by 79.1% during the third quarter. KBC Group NV now owns 3,371 shares of the restaurant operator’s stock worth $56,000 after buying an additional 1,489 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Bloomin’ Brands by 606.6% during the fourth quarter. GAMMA Investing LLC now owns 4,890 shares of the restaurant operator’s stock worth $60,000 after buying an additional 4,198 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Bloomin’ Brands during the second quarter worth $111,000. Finally, Entropy Technologies LP bought a new stake in shares of Bloomin’ Brands during the fourth quarter worth $140,000.

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.