Bloomin’ Brands Inc (NASDAQ:BLMN) has been assigned a consensus rating of “Buy” from the sixteen analysts that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $14.42.
Several analysts recently weighed in on BLMN shares. Guggenheim upped their price target on Bloomin’ Brands from $11.00 to $15.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Barclays lowered their price objective on Bloomin’ Brands from $29.00 to $13.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. Zacks Investment Research downgraded Bloomin’ Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, April 15th. MKM Partners reiterated a “buy” rating and set a $13.00 target price on shares of Bloomin’ Brands in a research note on Friday, June 12th. Finally, ValuEngine upgraded Bloomin’ Brands from a “hold” rating to a “buy” rating in a research note on Monday, June 1st.
In other news, COO Gregg Scarlett purchased 10,000 shares of the stock in a transaction dated Tuesday, May 12th. The shares were purchased at an average cost of $10.81 per share, with a total value of $108,100.00. Following the acquisition, the chief operating officer now directly owns 70,929 shares of the company’s stock, valued at $766,742.49. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.39% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in BLMN. Quantbot Technologies LP purchased a new stake in Bloomin’ Brands in the 4th quarter worth $39,000. Fieldpoint Private Securities LLC increased its stake in Bloomin’ Brands by 75.4% in the 4th quarter. Fieldpoint Private Securities LLC now owns 2,458 shares of the restaurant operator’s stock worth $54,000 after buying an additional 1,057 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Bloomin’ Brands in the 1st quarter worth $72,000. Two Sigma Investments LP purchased a new stake in Bloomin’ Brands in the 1st quarter worth $84,000. Finally, Keebeck Alpha LP purchased a new stake in Bloomin’ Brands in the 1st quarter worth $86,000. 88.60% of the stock is currently owned by institutional investors.
Shares of Bloomin’ Brands stock traded down $0.24 during midday trading on Friday, hitting $10.36. The company had a trading volume of 20,961 shares, compared to its average volume of 4,526,949. The company has a debt-to-equity ratio of 26.67, a quick ratio of 0.60 and a current ratio of 0.68. The stock has a market capitalization of $832.87 million, a P/E ratio of 34.18 and a beta of 1.79. The company has a 50 day moving average of $11.26 and a 200 day moving average of $14.95. Bloomin’ Brands has a 52-week low of $4.54 and a 52-week high of $24.29.
Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings results on Friday, May 8th. The restaurant operator reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $575.35 million. Bloomin’ Brands had a return on equity of 57.88% and a net margin of 0.79%. The firm’s quarterly revenue was down 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.75 EPS. Equities research analysts forecast that Bloomin’ Brands will post -1.49 EPS 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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