Bloomin’ Brands (NASDAQ:BLMN) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Bloomin’ Brands (NASDAQ:BLMN) had its price objective lifted by analysts at Morgan Stanley from $9.00 to $10.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the restaurant operator’s stock. Morgan Stanley’s price objective indicates a potential upside of 6.50% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Barclays reduced their price target on shares of 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. UBS Group cut their price objective on shares of Bloomin’ Brands from $13.00 to $8.50 and set a “neutral” rating for the company in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Bloomin’ Brands from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 25th. Two equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $12.65.

Bloomin’ Brands Stock Down 4.2%

Bloomin’ Brands stock opened at $9.39 on Monday. The company has a market capitalization of $797.49 million, a P/E ratio of -312.90 and a beta of 1.32. Bloomin’ Brands has a 1-year low of $6.09 and a 1-year high of $21.45. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 2.38. The firm’s fifty day simple moving average is $8.62 and its 200-day simple moving average is $9.39.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings results on Wednesday, May 7th. The restaurant operator reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The firm 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 0.05% and a positive return on equity of 55.08%. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.70 earnings per share. Sell-side analysts forecast that Bloomin’ Brands will post 1.8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. GAMMA Investing LLC grew its position in Bloomin’ Brands by 28.9% in the 1st quarter. GAMMA Investing LLC now owns 6,304 shares of the restaurant operator’s stock valued at $45,000 after buying an additional 1,414 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Bloomin’ Brands by 12.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,414,415 shares of the restaurant operator’s stock worth $17,270,000 after purchasing an additional 159,356 shares during the period. Sei Investments Co. boosted its holdings in Bloomin’ Brands by 86.0% in the 4th 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 period. Farther Finance Advisors LLC raised its position in shares of Bloomin’ Brands by 402.2% in the 1st quarter. Farther Finance Advisors LLC now owns 29,362 shares of the restaurant operator’s stock valued at $226,000 after purchasing an additional 23,515 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Bloomin’ Brands during the 1st quarter valued at approximately $151,000.

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.