Bloomin’ Brands (NASDAQ:BLMN) Stock Rating Upgraded by StockNews.com

Bloomin’ Brands (NASDAQ:BLMN) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report issued on Wednesday.

Other research analysts also recently issued research reports about the stock. Bank of America dropped their target price on shares of Bloomin’ Brands from $22.00 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 22nd. BMO Capital Markets dropped their target price on shares of Bloomin’ Brands from $27.00 to $20.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 7th. Citigroup dropped their target price on shares of Bloomin’ Brands from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, August 19th. Barclays dropped their target price on shares of Bloomin’ Brands from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Bloomin’ Brands from $26.00 to $19.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $21.80.

Bloomin’ Brands Stock Up 1.7 %

Shares of NASDAQ BLMN opened at $15.73 on Wednesday. The company has a market capitalization of $1.34 billion, a P/E ratio of 60.50 and a beta of 2.04. Bloomin’ Brands has a 52-week low of $15.14 and a 52-week high of $30.13. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.26 and a current ratio of 0.35. The company’s 50 day moving average price is $16.49 and its 200-day moving average price is $18.99.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.07). The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.13 billion. Bloomin’ Brands had a return on equity of 61.90% and a net margin of 0.70%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.74 EPS. Equities analysts forecast that Bloomin’ Brands will post 2.07 earnings per share for the current year.

Institutional Trading of Bloomin’ Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Verdence Capital Advisors LLC increased its stake in Bloomin’ Brands by 6.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 12,676 shares of the restaurant operator’s stock valued at $210,000 after purchasing an additional 780 shares in the last quarter. Easterly Investment Partners LLC grew its stake in shares of Bloomin’ Brands by 14.8% in the 3rd quarter. Easterly Investment Partners LLC now owns 676,157 shares of the restaurant operator’s stock worth $11,177,000 after acquiring an additional 87,293 shares in the last quarter. Olympiad Research LP bought a new stake in shares of Bloomin’ Brands in the 3rd quarter worth $202,000. Principal Financial Group Inc. grew its stake in shares of Bloomin’ Brands by 6.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,529,130 shares of the restaurant operator’s stock worth $41,806,000 after acquiring an additional 147,895 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Bloomin’ Brands by 17.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 15,521 shares of the restaurant operator’s stock worth $257,000 after acquiring an additional 2,289 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.