Barclays Has Lowered Expectations for Bloomin’ Brands (NASDAQ:BLMN) Stock Price

Bloomin’ Brands (NASDAQ:BLMN) had its price target cut by analysts at Barclays from $9.00 to $8.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the restaurant operator’s stock. Barclays‘s target price indicates a potential upside of 9.59% from the stock’s current price.

Other equities analysts have also issued reports about the company. UBS Group decreased their price objective on Bloomin’ Brands from $13.00 to $8.50 and set a “neutral” rating for the company in a research report on Monday, May 5th. JPMorgan Chase & Co. reduced their price target on shares of Bloomin’ Brands from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. StockNews.com upgraded shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Friday, March 7th. Bank of America lowered shares of Bloomin’ Brands from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $18.00 to $13.00 in a research note on Monday, January 27th. Finally, BMO Capital Markets cut their price target on Bloomin’ Brands from $16.00 to $12.00 and set a “market perform” rating on the stock in a report on Thursday, February 27th. Two analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $13.75.

Bloomin’ Brands Stock Performance

NASDAQ BLMN opened at $7.30 on Thursday. The company’s fifty day moving average is $7.85 and its two-hundred day moving average is $11.06. Bloomin’ Brands has a 52-week low of $6.09 and a 52-week high of $24.50. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.22. The firm has a market capitalization of $620.00 million, a price-to-earnings ratio of -66.36 and a beta of 1.30.

Bloomin’ Brands (NASDAQ:BLMN) last posted its earnings results on Wednesday, May 7th. The restaurant operator reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.02. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. Bloomin’ Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.70 EPS. Equities research analysts forecast that Bloomin’ Brands will post 1.8 EPS for the current year.

Insider Buying and Selling

In other Bloomin’ Brands news, EVP Patrick M. Hafner sold 9,555 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $8.32, for a total value of $79,497.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. A&I Financial Services LLC acquired a new stake in shares of Bloomin’ Brands in the 4th quarter worth $343,000. Barclays PLC raised its stake in Bloomin’ Brands by 29.4% in the third quarter. Barclays PLC now owns 219,080 shares of the restaurant operator’s stock valued at $3,621,000 after buying an additional 49,723 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Bloomin’ Brands by 12.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,414,415 shares of the restaurant operator’s stock worth $17,270,000 after acquiring an additional 159,356 shares in the last quarter. Sei Investments Co. grew its stake in shares of Bloomin’ Brands by 86.0% during the fourth quarter. Sei Investments Co. now owns 381,248 shares of the restaurant operator’s stock worth $4,655,000 after acquiring an additional 176,240 shares during the last quarter. Finally, Skylands Capital LLC purchased a new stake in shares of Bloomin’ Brands during the fourth quarter worth about $1,407,000.

About Bloomin’ Brands

Bloomin’ Brands, Inc engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.