Bloomin’ Brands (NASDAQ:BLMN) Given a $10.00 Price Target at Morgan Stanley

Bloomin’ Brands (NASDAQ:BLMN) received a $10.00 target price from research analysts at Morgan Stanley in a research report issued on Monday, MarketBeat reports. The firm presently has an “equal weight” rating on the restaurant operator’s stock. Morgan Stanley’s price objective points to a potential upside of 5.78% from the company’s previous close.

Other analysts have also issued research reports about the company. JPMorgan Chase & Co. upped their target price on Bloomin’ Brands from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Wednesday, June 25th. UBS Group cut their target price on Bloomin’ Brands from $13.00 to $8.50 and set a “neutral” rating for the company in a research note on Monday, May 5th. Finally, Barclays cut their price target on Bloomin’ Brands from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 8th. Two research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $12.65.

Bloomin’ Brands Price Performance

BLMN stock traded up $0.06 during midday trading on Monday, reaching $9.45. 137,235 shares of the company’s stock traded hands, compared to its average volume of 2,170,252. The company has a 50-day simple moving average of $8.62 and a two-hundred day simple moving average of $9.39. Bloomin’ Brands has a 1-year low of $6.09 and a 1-year high of $21.45. The company has a market cap of $802.93 million, a price-to-earnings ratio of -315.06 and a beta of 1.32. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 2.38.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings data on Wednesday, May 7th. The restaurant operator reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. Bloomin’ Brands had a positive return on equity of 55.08% and a negative net margin of 0.05%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the firm earned $0.70 earnings per share. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, analysts anticipate that Bloomin’ Brands will post 1.8 earnings per share for the current year.

Institutional Trading of Bloomin’ Brands

A number of institutional investors have recently added to or reduced their stakes in BLMN. Headlands Technologies LLC bought a new position in Bloomin’ Brands in the 4th quarter worth about $27,000. Public Employees Retirement System of Ohio bought a new position in shares of Bloomin’ Brands during the 4th quarter valued at about $32,000. Meeder Asset Management Inc. bought a new position in shares of Bloomin’ Brands during the 4th quarter valued at about $41,000. New Age Alpha Advisors LLC bought a new position in shares of Bloomin’ Brands during the 4th quarter valued at about $45,000. Finally, GAMMA Investing LLC increased its position in shares of Bloomin’ Brands by 28.9% during the 1st quarter. GAMMA Investing LLC now owns 6,304 shares of the restaurant operator’s stock valued at $45,000 after purchasing an additional 1,414 shares during the last quarter.

Bloomin’ Brands Company Profile

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.