Bloomin’ Brands (NASDAQ:BLMN) PT Lowered to $26.00 at Barclays

Bloomin’ Brands (NASDAQ:BLMNGet Rating) had its target price decreased by analysts at Barclays from $29.00 to $26.00 in a research report issued to clients and investors on Thursday, The Fly reports. Barclays‘s price objective points to a potential upside of 24.76% from the stock’s previous close.

BLMN has been the topic of several other reports. William Blair reaffirmed an “outperform” rating on shares of Bloomin’ Brands in a research note on Friday, February 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $30.00 price target on shares of Bloomin’ Brands in a research note on Friday, April 29th. Jefferies Financial Group reissued a “buy” rating and issued a $36.00 target price on shares of Bloomin’ Brands in a report on Wednesday, April 13th. TheStreet upgraded Bloomin’ Brands from a “c” rating to a “b-” rating in a report on Friday, February 18th. Finally, Morgan Stanley reduced their price target on Bloomin’ Brands from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday, April 14th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $28.33.

Shares of Bloomin’ Brands stock opened at $20.84 on Thursday. The company has a debt-to-equity ratio of 2.42, a current ratio of 0.29 and a quick ratio of 0.22. Bloomin’ Brands has a one year low of $17.27 and a one year high of $30.40. The stock has a market capitalization of $1.85 billion, a P/E ratio of 9.92 and a beta of 1.80. The business’s 50 day simple moving average is $21.19 and its two-hundred day simple moving average is $21.05.

Bloomin’ Brands (NASDAQ:BLMNGet Rating) last posted its earnings results on Friday, April 29th. The restaurant operator reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.06. Bloomin’ Brands had a return on equity of 131.48% and a net margin of 5.20%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the previous year, the firm earned $0.72 earnings per share. The business’s revenue was up 15.5% compared to the same quarter last year. Sell-side analysts expect that Bloomin’ Brands will post 2.49 earnings per share for the current fiscal year.

In related news, EVP Kelly Lefferts sold 8,087 shares of the business’s stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $20.82, for a total transaction of $168,371.34. Following the completion of the sale, the executive vice president now directly owns 36,626 shares in the company, valued at $762,553.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.85% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in BLMN. CWM LLC lifted its holdings in Bloomin’ Brands by 149.3% during the first quarter. CWM LLC now owns 1,244 shares of the restaurant operator’s stock valued at $27,000 after purchasing an additional 745 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Bloomin’ Brands in the fourth quarter worth $48,000. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Bloomin’ Brands by 32.5% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 2,550 shares of the restaurant operator’s stock worth $64,000 after buying an additional 625 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Bloomin’ Brands in the fourth quarter worth $69,000. Finally, Captrust Financial Advisors lifted its holdings in shares of Bloomin’ Brands by 39.4% in the first quarter. Captrust Financial Advisors now owns 4,079 shares of the restaurant operator’s stock worth $89,000 after buying an additional 1,153 shares in the last quarter.

About Bloomin’ Brands (Get Rating)

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.

Read More

The Fly logo

Analyst Recommendations for Bloomin' Brands (NASDAQ:BLMN)

Receive News & Ratings for Bloomin' Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bloomin' Brands and related companies with MarketBeat.com's FREE daily email newsletter.