Bloomin’ Brands (NASDAQ:BLMN – Get Free Report) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report released on Friday.
A number of other analysts also recently issued reports on the company. Raymond James downgraded Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. Bank of America cut their price target on shares of Bloomin’ Brands from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. UBS Group decreased their price objective on Bloomin’ Brands from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Barclays reiterated an “equal weight” rating and set a $13.00 price target (down from $19.00) on shares of Bloomin’ Brands in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $16.90.
View Our Latest Stock Analysis on Bloomin’ Brands
Bloomin’ Brands Price Performance
Bloomin’ Brands (NASDAQ:BLMN – Get Free Report) last released its quarterly earnings data on Friday, November 8th. The restaurant operator reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.04 billion. Bloomin’ Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. Bloomin’ Brands’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 EPS. On average, equities analysts anticipate that Bloomin’ Brands will post 1.8 EPS for the current fiscal year.
Hedge Funds Weigh In On Bloomin’ Brands
Several institutional investors have recently modified their holdings of the business. FMR LLC boosted its holdings in Bloomin’ Brands by 34.8% in the third quarter. FMR LLC now owns 1,381,150 shares of the restaurant operator’s stock valued at $22,830,000 after purchasing an additional 356,456 shares during the period. Barclays PLC boosted its stake in shares of Bloomin’ Brands by 29.4% in the 3rd 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 period. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Bloomin’ Brands by 58.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 691,585 shares of the restaurant operator’s stock valued at $11,432,000 after buying an additional 254,570 shares during the period. Principal Financial Group Inc. grew its position in shares of Bloomin’ Brands by 6.2% during the third quarter. Principal Financial Group Inc. now owns 2,529,130 shares of the restaurant operator’s stock worth $41,806,000 after buying an additional 147,895 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Bloomin’ Brands by 6.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,255,059 shares of the restaurant operator’s stock worth $20,746,000 after buying an additional 70,925 shares during the period.
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.
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