Bloomin’ Brands (NASDAQ:BLMN) Price Target Lowered to $20.00 at Barclays

Bloomin’ Brands (NASDAQ:BLMN) had its target price cut by Barclays from $22.00 to $20.00 in a research report report published on Tuesday, Benzinga reports. They currently have an overweight rating on the restaurant operator’s stock.

Other equities research analysts have also recently issued research reports about the company. StockNews.com cut Bloomin’ Brands from a “hold” rating to a “sell” rating in a research note on Monday. BMO Capital Markets cut their price target on Bloomin’ Brands from $27.00 to $20.00 and set a “market perform” rating for the company in a research note on Wednesday, August 7th. Morgan Stanley cut their price target on Bloomin’ Brands from $26.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft cut their price target on Bloomin’ Brands from $26.00 to $19.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Finally, UBS Group cut their price target on Bloomin’ Brands from $26.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $21.80.

Bloomin’ Brands Price Performance

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

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings data 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). Bloomin’ Brands had a net margin of 0.70% and a return on equity of 61.90%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the prior year, the firm posted $0.74 EPS. Bloomin’ Brands’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, research analysts forecast that Bloomin’ Brands will post 2.08 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Xcel Wealth Management LLC grew its holdings in Bloomin’ Brands by 19.4% during the third quarter. Xcel Wealth Management LLC now owns 248,078 shares of the restaurant operator’s stock worth $4,101,000 after acquiring an additional 40,225 shares during the period. Creative Planning acquired a new position in Bloomin’ Brands during the third quarter worth $219,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Bloomin’ Brands during the second quarter worth $111,000. Sanctuary Advisors LLC acquired a new stake in Bloomin’ Brands in the second quarter valued at $351,000. Finally, Dana Investment Advisors Inc. grew its holdings in Bloomin’ Brands by 28.7% in the second quarter. Dana Investment Advisors Inc. now owns 70,666 shares of the restaurant operator’s stock valued at $1,359,000 after purchasing an additional 15,756 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.