JPMorgan Chase & Co. Lowers Bloomin’ Brands (NASDAQ:BLMN) Price Target to $14.00

Bloomin’ Brands (NASDAQ:BLMN) had its price objective lowered by investment analysts at JPMorgan Chase & Co. from $19.00 to $14.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 3.32% from the company’s current price.

BLMN has been the topic of several other research reports. StockNews.com raised Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Citigroup decreased their price target on Bloomin’ Brands from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Monday, August 19th. UBS Group decreased their price target on Bloomin’ Brands from $26.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Morgan Stanley cut their price objective on Bloomin’ Brands from $26.00 to $22.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. Finally, Raymond James downgraded Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research report on Monday. Ten investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Bloomin’ Brands currently has a consensus rating of “Hold” and an average price target of $19.70.

Bloomin’ Brands Stock Up 1.5 %

Bloomin’ Brands stock opened at $13.55 on Tuesday. The stock’s fifty day moving average is $16.20 and its two-hundred day moving average is $18.54. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.26. Bloomin’ Brands has a 1-year low of $13.11 and a 1-year high of $30.13. The stock has a market cap of $1.15 billion, a PE ratio of -123.17 and a beta of 2.04.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings results on Friday, November 8th. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the firm posted $0.44 EPS. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, sell-side analysts expect that Bloomin’ Brands will post 1.8 EPS for the current fiscal year.

Hedge Funds Weigh In On Bloomin’ Brands

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in Bloomin’ Brands in the 1st quarter valued at about $30,000. Gladius Capital Management LP bought a new position in shares of Bloomin’ Brands during the third quarter worth about $26,000. EntryPoint Capital LLC lifted its position in shares of Bloomin’ Brands by 6,454.9% during the first quarter. EntryPoint Capital LLC now owns 3,343 shares of the restaurant operator’s stock worth $96,000 after purchasing an additional 3,292 shares during the last quarter. KBC Group NV lifted its position 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 purchasing an additional 1,489 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Bloomin’ Brands during the second quarter worth about $111,000.

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.