UBS Group Has Lowered Expectations for Bloomin’ Brands (NASDAQ:BLMN) Stock Price

Bloomin’ Brands (NASDAQ:BLMN) had its price target reduced by UBS Group from $16.00 to $13.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. UBS Group’s target price points to a potential upside of 9.98% from the company’s previous close.

A number of other equities analysts have also recently issued reports on BLMN. JPMorgan Chase & Co. dropped their target price on Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. Barclays reiterated an “equal weight” rating and set a $13.00 price objective (down from $19.00) on shares of Bloomin’ Brands in a research note on Tuesday. Piper Sandler reduced their target price on shares of Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, November 11th. Raymond James cut shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. Finally, StockNews.com raised Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $16.90.

Bloomin’ Brands Stock Down 0.4 %

Shares of BLMN stock opened at $11.82 on Tuesday. The stock has a market cap of $1.00 billion, a P/E ratio of -107.44 and a beta of 1.97. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.22. The stock has a fifty day moving average price of $13.32 and a 200 day moving average price of $15.99. Bloomin’ Brands has a one year low of $11.24 and a one year high of $30.13.

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

Institutional Trading of Bloomin’ Brands

Several institutional investors and hedge funds have recently made changes to their positions in BLMN. Gladius Capital Management LP acquired a new stake in shares of Bloomin’ Brands during the third quarter worth $26,000. KBC Group NV grew its position in shares of Bloomin’ Brands by 79.1% during the 3rd quarter. KBC Group NV now owns 3,371 shares of the restaurant operator’s stock worth $56,000 after buying an additional 1,489 shares during the period. GAMMA Investing LLC increased its stake in shares of Bloomin’ Brands by 606.6% in the 4th quarter. GAMMA Investing LLC now owns 4,890 shares of the restaurant operator’s stock valued at $60,000 after acquiring an additional 4,198 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Bloomin’ Brands in the 2nd quarter valued at approximately $111,000. Finally, Point72 DIFC Ltd bought a new position in Bloomin’ Brands during the 2nd quarter worth approximately $169,000.

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; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.