Bloomin’ Brands (NASDAQ:BLMN) Hits New 52-Week Low – What’s Next?

Bloomin’ Brands, Inc. (NASDAQ:BLMN) shares hit a new 52-week low on Friday . The stock traded as low as $15.00 and last traded at $15.00, with a volume of 54545 shares changing hands. The stock had previously closed at $16.78.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BLMN shares. BMO Capital Markets reduced their price target on shares of Bloomin’ Brands from $27.00 to $20.00 and set a “market perform” rating for the company in a research report on Wednesday, August 7th. UBS Group reduced their price target on shares of Bloomin’ Brands from $26.00 to $18.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Bloomin’ Brands from $26.00 to $19.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Barclays cut their target price on shares of Bloomin’ Brands from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, October 22nd. Finally, StockNews.com raised shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Wednesday. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Bloomin’ Brands has an average rating of “Hold” and an average price target of $21.33.

Bloomin’ Brands Stock Performance

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 firm has a market cap of $1.29 billion, a P/E ratio of 58.27 and a beta of 2.04. The business’s 50-day simple moving average is $16.42 and its 200 day simple moving average is $18.82.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings results on Friday, November 8th. The restaurant operator reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.02. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Bloomin’ Brands had a net margin of 0.70% and a return on equity of 61.90%. The company’s revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.44 EPS. As a group, equities analysts predict that Bloomin’ Brands, Inc. will post 2.07 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Headlands Technologies LLC purchased a new position in shares of Bloomin’ Brands during the 1st quarter valued at $30,000. Gladius Capital Management LP purchased a new position in shares of Bloomin’ Brands during the 3rd quarter valued at $26,000. EntryPoint Capital LLC lifted its stake in shares of Bloomin’ Brands by 6,454.9% during the 1st quarter. EntryPoint Capital LLC now owns 3,343 shares of the restaurant operator’s stock valued at $96,000 after buying an additional 3,292 shares in the last quarter. KBC Group NV lifted its stake in shares of Bloomin’ Brands by 79.1% during the 3rd quarter. KBC Group NV now owns 3,371 shares of the restaurant operator’s stock valued at $56,000 after buying an additional 1,489 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Bloomin’ Brands during the 2nd quarter valued at $111,000.

About Bloomin’ Brands

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.