Bloomin’ Brands (NASDAQ:BLMN) Lowered to Sell Rating by StockNews.com

Bloomin’ Brands (NASDAQ:BLMN) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Friday.

BLMN has been the topic of several other research reports. UBS Group lowered their price objective on shares of Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Piper Sandler lowered their price target on shares of Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, November 11th. Raymond James downgraded Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. Bank of America decreased their target price on Bloomin’ Brands from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, October 22nd. Finally, Barclays restated an “equal weight” rating and issued a $13.00 target price (down from $19.00) on shares of Bloomin’ Brands in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to data from MarketBeat.com, Bloomin’ Brands presently has a consensus rating of “Hold” and a consensus target price of $16.90.

Bloomin’ Brands Stock Up 0.1 %

Bloomin’ Brands stock traded up $0.01 during midday trading on Friday, hitting $12.33. 1,165,686 shares of the stock were exchanged, compared to its average volume of 1,756,759. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 4.46. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of -112.08 and a beta of 1.97. Bloomin’ Brands has a 52-week low of $11.03 and a 52-week high of $30.13. The business’s 50-day moving average price is $12.42 and its 200-day moving average price is $15.38.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings data on Friday, November 8th. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.04 billion. Bloomin’ Brands had a positive return on equity of 62.18% and a negative net margin of 0.12%. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. On average, research analysts expect that Bloomin’ Brands will post 1.8 EPS for the current fiscal year.

Institutional Trading of Bloomin’ Brands

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its holdings in Bloomin’ Brands by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,553,719 shares of the restaurant operator’s stock valued at $49,105,000 after buying an additional 16,878 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Bloomin’ Brands by 6.2% in the third quarter. Principal Financial Group Inc. now owns 2,529,130 shares of the restaurant operator’s stock valued at $41,806,000 after acquiring an additional 147,895 shares during the period. Erste Asset Management GmbH purchased a new position in Bloomin’ Brands during the third quarter valued at approximately $41,325,000. Jennison Associates LLC increased its holdings in Bloomin’ Brands by 4.4% during the 3rd quarter. Jennison Associates LLC now owns 1,411,200 shares of the restaurant operator’s stock worth $23,327,000 after acquiring an additional 59,418 shares during the period. Finally, FMR LLC lifted its stake in Bloomin’ Brands by 34.8% in the 3rd quarter. FMR LLC now owns 1,381,150 shares of the restaurant operator’s stock worth $22,830,000 after purchasing an additional 356,456 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.