Bloomin’ Brands, Inc. (NASDAQ:BLMN) released its quarterly earnings data on Friday. The restaurant operator reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04), Bloomberg Earnings reports. Bloomin’ Brands had a net margin of 2.29% and a return on equity of 74.68%. The business had revenue of $948.90 million during the quarter, compared to analysts’ expectations of $944.30 million. During the same quarter in the prior year, the firm posted $0.19 earnings per share. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. Bloomin’ Brands updated its FY17 guidance to $1.31-1.36 EPS.
Bloomin’ Brands (NASDAQ BLMN) traded down $0.15 on Friday, hitting $17.45. 2,445,808 shares of the stock were exchanged, compared to its average volume of 1,056,285. The stock has a market cap of $1,615.93, a PE ratio of 13.01 and a beta of 0.54.
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A number of research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. TheStreet lowered shares of Bloomin’ Brands from a “b” rating to a “c+” rating in a research note on Wednesday, July 26th. Deutsche Bank AG reiterated a “hold” rating and issued a $24.00 price objective (up from $21.00) on shares of Bloomin’ Brands in a research note on Monday, July 10th. BidaskClub lowered shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Barclays PLC reduced their price objective on shares of Bloomin’ Brands from $23.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, October 18th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $20.78.
About Bloomin’ Brands
Bloomin’ Brands, Inc is a holding company. The Company owns and operates casual, upscale casual and fine dining restaurants. The Company operates through two segments: U.S. and International. The U.S. segment includes all brands operating in the United States. The International segment includes brands operating outside the United States.
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