Bloomin’ Brands (NASDAQ:BLMN) Price Target Lowered to $13.00 at UBS Group

Bloomin’ Brands (NASDAQ:BLMN) had its target price reduced by equities researchers at UBS Group from $16.00 to $13.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. UBS Group’s price target would indicate a potential upside of 9.98% from the stock’s current price.

A number of other equities analysts have also weighed in on BLMN. JPMorgan Chase & Co. reduced their target price on shares of Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday, November 12th. Barclays reaffirmed an “equal weight” rating and set a $13.00 price objective (down from $19.00) on shares of Bloomin’ Brands in a research report on Tuesday. Raymond James lowered Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. Bank of America reduced their price target on Bloomin’ Brands from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, October 22nd. Finally, The Goldman Sachs Group began coverage on shares of Bloomin’ Brands in a research report on Thursday, December 5th. They issued a “sell” rating and a $13.00 price objective on the stock. One analyst has rated the stock with a sell rating and eleven have issued a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $16.90.

Bloomin’ Brands Trading Down 0.4 %

NASDAQ BLMN opened at $11.82 on Tuesday. Bloomin’ Brands has a one year low of $11.24 and a one year high of $30.13. 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 cap of $1.00 billion, a P/E ratio of -107.44 and a beta of 1.97. The stock’s 50-day moving average is $13.32 and its 200-day moving average is $15.99.

Bloomin’ Brands (NASDAQ:BLMN) last announced its earnings results on Friday, November 8th. The restaurant operator reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. Bloomin’ Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the company posted $0.44 EPS. The business’s quarterly revenue was down 5.1% on a year-over-year basis. Sell-side analysts anticipate that Bloomin’ Brands will post 1.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bloomin’ Brands

A number of hedge funds have recently bought and sold shares of the business. Gladius Capital Management LP acquired a new position in shares of Bloomin’ Brands during the 3rd quarter worth approximately $26,000. KBC Group NV grew its position in Bloomin’ Brands by 79.1% during the third quarter. KBC Group NV now owns 3,371 shares of the restaurant operator’s stock worth $56,000 after buying an additional 1,489 shares in the last quarter. GAMMA Investing LLC increased its stake in Bloomin’ Brands by 606.6% during the 4th quarter. GAMMA Investing LLC now owns 4,890 shares of the restaurant operator’s stock worth $60,000 after acquiring an additional 4,198 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Bloomin’ Brands in the 2nd quarter valued at $111,000. Finally, Point72 DIFC Ltd bought a new stake in shares of Bloomin’ Brands during the 2nd quarter valued at $169,000.

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.