Bloomin’ Brands, Inc. (NASDAQ:BLMN) Given Average Recommendation of “Reduce” by Brokerages

Bloomin’ Brands, Inc. (NASDAQ:BLMN) has received a consensus rating of “Reduce” from the eleven brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and ten have assigned a hold recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $16.90.

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group began coverage on shares of Bloomin’ Brands in a research note on Thursday, December 5th. They set a “sell” rating and a $13.00 price target for the company. JPMorgan Chase & Co. dropped their target price on shares of Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. UBS Group reduced their price target 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. Raymond James downgraded Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th. Finally, StockNews.com lowered Bloomin’ Brands from a “hold” rating to a “sell” rating in a research note on Friday.

Bloomin’ Brands Price Performance

Shares of BLMN stock opened at $12.33 on Monday. The stock’s fifty day simple moving average is $12.42 and its 200 day simple moving average is $15.37. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.22. Bloomin’ Brands has a one year low of $11.03 and a one year high of $30.13. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of -112.08 and a beta of 1.97.

Bloomin’ Brands (NASDAQ:BLMN) last announced 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. Bloomin’ Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the business earned $0.44 earnings per share. Bloomin’ Brands’s quarterly revenue was down 5.1% on a year-over-year basis. On average, analysts expect that Bloomin’ Brands will post 1.8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Gladius Capital Management LP acquired a new stake in shares of Bloomin’ Brands during the third quarter worth $26,000. KBC Group NV increased its holdings in 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 purchasing an additional 1,489 shares in the last quarter. GAMMA Investing LLC raised 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 purchasing an additional 4,198 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Bloomin’ Brands in the 2nd quarter valued at about $111,000. Finally, EMC Capital Management lifted its holdings in shares of Bloomin’ Brands by 527,533.3% in the fourth quarter. EMC Capital Management now owns 15,829 shares of the restaurant operator’s stock valued at $193,000 after purchasing an additional 15,826 shares in the last quarter.

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.