Barclays Reiterates Equal Weight Rating for Bloomin’ Brands (NASDAQ:BLMN)

Bloomin’ Brands (NASDAQ:BLMN)‘s stock had its “equal weight” rating reissued by analysts at Barclays in a report released on Tuesday, Marketbeat.com reports. They currently have a $13.00 price target on the restaurant operator’s stock, down from their prior price target of $19.00. Barclays‘s price target would suggest a potential upside of 9.98% from the stock’s previous close.

BLMN has been the subject of a number of other reports. JPMorgan Chase & Co. reduced their price objective on shares of Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. StockNews.com upgraded Bloomin’ Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Bank of America lowered their price objective on Bloomin’ Brands from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. Piper Sandler cut their target price on Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, November 11th. Finally, Raymond James lowered Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. Based on data from MarketBeat, Bloomin’ Brands currently has an average rating of “Hold” and a consensus price target of $16.90.

Bloomin’ Brands Trading Down 0.4 %

Shares of Bloomin’ Brands stock opened at $11.82 on Tuesday. The stock has a market capitalization of $1.00 billion, a PE ratio of -107.44 and a beta of 1.97. Bloomin’ Brands has a 52 week low of $11.24 and a 52 week high of $30.13. The stock has a 50 day moving average price of $13.32 and a two-hundred day moving average price of $15.99. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.22 and a current ratio of 0.31.

Bloomin’ Brands (NASDAQ:BLMN) last issued its earnings results on Friday, November 8th. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Bloomin’ Brands had a positive return on equity of 62.18% and a negative net margin of 0.12%. Bloomin’ Brands’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period last year, the business earned $0.44 EPS. As a group, equities analysts anticipate that Bloomin’ Brands will post 1.8 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bloomin’ Brands

Large investors have recently added to or reduced their stakes in the company. Gladius Capital Management LP purchased a new stake in Bloomin’ Brands during the third quarter valued at about $26,000. KBC Group NV increased its stake in shares of Bloomin’ Brands by 79.1% in 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 in the last quarter. GAMMA Investing LLC raised its position in shares of Bloomin’ Brands by 606.6% in the fourth quarter. GAMMA Investing LLC now owns 4,890 shares of the restaurant operator’s stock valued at $60,000 after purchasing an additional 4,198 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Bloomin’ Brands during the 2nd quarter valued at approximately $111,000. Finally, Point72 DIFC Ltd bought a new position in Bloomin’ Brands in the 2nd quarter worth approximately $169,000.

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.