Bloomin’ Brands Inc (BLMN) Receives Consensus Rating of “Hold” from Analysts

Shares of Bloomin’ Brands Inc (NASDAQ:BLMN) have received an average rating of “Hold” from the fifteen analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $22.38.

Several research analysts recently issued reports on BLMN shares. Zacks Investment Research lowered shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a research report on Monday, January 14th. BidaskClub lowered shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Morgan Stanley raised shares of Bloomin’ Brands from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, December 19th. They noted that the move was a valuation call. BMO Capital Markets lowered shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $28.00 to $21.00 in a research report on Monday, September 24th. Finally, Barclays dropped their price target on shares of Bloomin’ Brands from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Thursday, November 29th.

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In other news, Director Mindy F. Grossman sold 8,000 shares of the stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $20.96, for a total transaction of $167,680.00. Following the sale, the director now directly owns 9,790 shares of the company’s stock, valued at $205,198.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.47% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc grew its stake in shares of Bloomin’ Brands by 2.9% during the third quarter. Legal & General Group Plc now owns 66,837 shares of the restaurant operator’s stock valued at $1,323,000 after purchasing an additional 1,895 shares during the last quarter. Stone Ridge Asset Management LLC boosted its stake in Bloomin’ Brands by 5.9% in the third quarter. Stone Ridge Asset Management LLC now owns 42,747 shares of the restaurant operator’s stock valued at $846,000 after acquiring an additional 2,399 shares during the last quarter. Flippin Bruce & Porter Inc. boosted its stake in Bloomin’ Brands by 4.1% in the third quarter. Flippin Bruce & Porter Inc. now owns 72,128 shares of the restaurant operator’s stock valued at $1,427,000 after acquiring an additional 2,825 shares during the last quarter. Macquarie Group Ltd. boosted its stake in Bloomin’ Brands by 4.1% in the second quarter. Macquarie Group Ltd. now owns 79,000 shares of the restaurant operator’s stock valued at $1,588,000 after acquiring an additional 3,100 shares during the last quarter. Finally, IndexIQ Advisors LLC boosted its stake in Bloomin’ Brands by 3.9% in the third quarter. IndexIQ Advisors LLC now owns 93,626 shares of the restaurant operator’s stock valued at $1,853,000 after acquiring an additional 3,535 shares during the last quarter. 95.57% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ BLMN opened at $19.37 on Friday. The company has a debt-to-equity ratio of 18.69, a current ratio of 0.37 and a quick ratio of 0.29. Bloomin’ Brands has a twelve month low of $17.08 and a twelve month high of $25.00. The stock has a market capitalization of $1.77 billion, a P/E ratio of 14.24, a P/E/G ratio of 1.32 and a beta of 0.35.

Bloomin’ Brands (NASDAQ:BLMN) last released its earnings results on Monday, October 29th. The restaurant operator reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.01. Bloomin’ Brands had a net margin of 2.68% and a return on equity of 196.28%. The business had revenue of $965.00 million during the quarter, compared to analysts’ expectations of $965.17 million. During the same quarter last year, the company earned $0.14 earnings per share. The firm’s revenue was up 1.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Bloomin’ Brands will post 1.46 earnings per share for the current year.

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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