StockNews.com Downgrades Bloomin’ Brands (NASDAQ:BLMN) to Sell

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

Several other analysts have also recently weighed in on BLMN. Citigroup decreased their price objective on shares of Bloomin’ Brands from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Monday, August 19th. Morgan Stanley decreased their price objective on shares of Bloomin’ Brands from $26.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. BMO Capital Markets decreased their price objective on shares of Bloomin’ Brands from $27.00 to $20.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Bloomin’ Brands from $26.00 to $19.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Finally, Barclays decreased their price objective on shares of Bloomin’ Brands from $30.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $21.80.

Bloomin’ Brands Stock Performance

NASDAQ BLMN opened at $15.99 on Monday. The stock has a market cap of $1.38 billion, a P/E ratio of 24.98 and a beta of 2.04. The company’s 50-day simple moving average is $16.77 and its 200 day simple moving average is $19.75. Bloomin’ Brands has a twelve month low of $15.14 and a twelve month high of $30.13. The company has a quick ratio of 0.26, a current ratio of 0.35 and a debt-to-equity ratio of 3.46.

Bloomin’ Brands (NASDAQ:BLMN) last posted its earnings results on Tuesday, August 6th. The restaurant operator reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.07). The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.13 billion. Bloomin’ Brands had a net margin of 0.70% and a return on equity of 61.90%. The business’s revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.74 EPS. As a group, research analysts forecast that Bloomin’ Brands will post 2.08 earnings per share for the current fiscal year.

Institutional Trading of Bloomin’ Brands

A number of hedge funds and other institutional investors have recently modified their holdings of BLMN. Headlands Technologies LLC bought a new position in Bloomin’ Brands in the first quarter valued at approximately $30,000. EntryPoint Capital LLC boosted its stake in Bloomin’ Brands by 6,454.9% in the first quarter. EntryPoint Capital LLC now owns 3,343 shares of the restaurant operator’s stock valued at $96,000 after acquiring an additional 3,292 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Bloomin’ Brands in the second quarter valued at approximately $111,000. Point72 DIFC Ltd bought a new position in Bloomin’ Brands in the second quarter valued at approximately $169,000. Finally, Bayesian Capital Management LP bought a new position in Bloomin’ Brands in the first quarter valued at approximately $219,000.

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.