Bloomin’ Brands (NASDAQ:BLMN) Rating Lowered to “Sell” at StockNews.com

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

A number of other research analysts have also weighed in on BLMN. Bank of America cut their price objective on Bloomin’ Brands from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. UBS Group dropped their target price on 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 reduced their price target on shares of Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, November 11th. Barclays reaffirmed an “equal weight” rating and issued a $13.00 price objective (down from $19.00) on shares of Bloomin’ Brands in a report on Tuesday, January 7th. Finally, Raymond James cut shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. Based on data from MarketBeat, Bloomin’ Brands presently has a consensus rating of “Hold” and an average price target of $16.90.

Bloomin’ Brands Stock Up 0.1 %

NASDAQ:BLMN opened at $12.33 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 4.46. Bloomin’ Brands has a twelve month low of $11.03 and a twelve month high of $30.13. The company has a market cap of $1.05 billion, a PE ratio of -112.08 and a beta of 1.97. The company’s 50 day moving average is $12.42 and its two-hundred day moving average is $15.38.

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its holdings in Bloomin’ Brands by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,553,719 shares of the restaurant operator’s stock worth $49,105,000 after acquiring an additional 16,878 shares in the last quarter. Principal Financial Group Inc. grew 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 purchasing an additional 147,895 shares during the period. Erste Asset Management GmbH purchased a new stake in shares of Bloomin’ Brands during the third quarter worth about $41,325,000. Jennison Associates LLC raised its position in shares of 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 purchasing an additional 59,418 shares during the last quarter. Finally, FMR LLC raised its position in shares of Bloomin’ Brands by 34.8% during 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 during the last quarter.

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.