Bloomin’ Brands (NASDAQ:BLMN) Price Target Cut to $20.00

Bloomin’ Brands (NASDAQ:BLMN) had its price objective decreased by analysts at Barclays from $22.00 to $20.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the restaurant operator’s stock. Barclays‘s price target indicates a potential upside of 25.47% from the stock’s current price.

Other equities analysts have also issued research reports about the company. BMO Capital Markets decreased their price target on 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. StockNews.com lowered shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a research note on Monday. UBS Group cut their target price on shares of Bloomin’ Brands from $26.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Morgan Stanley dropped their price target on Bloomin’ Brands from $26.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. Finally, Citigroup decreased their price target on shares of Bloomin’ Brands from $22.00 to $20.00 and set a “neutral” rating for the company in a report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Bloomin’ Brands has an average rating of “Hold” and an average target price of $21.80.

Bloomin’ Brands Trading Down 0.3 %

Shares of NASDAQ:BLMN opened at $15.94 on Tuesday. 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 stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 24.91 and a beta of 2.04. Bloomin’ Brands has a 1-year low of $15.14 and a 1-year high of $30.13. The company has a 50 day moving average price of $16.75 and a 200 day moving average price of $19.72.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.07). The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. Bloomin’ Brands had a net margin of 0.70% and a return on equity of 61.90%. Bloomin’ Brands’s revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the company posted $0.74 EPS. On average, research analysts anticipate that Bloomin’ Brands will post 2.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Bloomin’ Brands

Institutional investors and hedge funds have recently modified their holdings of the business. Deprince Race & Zollo Inc. bought a new position in Bloomin’ Brands during the second quarter valued at about $28,672,000. Victory Capital Management Inc. lifted its stake in shares of Bloomin’ Brands by 29.6% in the second quarter. Victory Capital Management Inc. now owns 2,492,119 shares of the restaurant operator’s stock worth $47,923,000 after buying an additional 569,855 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Bloomin’ Brands by 2,520.7% during the 2nd quarter. Millennium Management LLC now owns 468,507 shares of the restaurant operator’s stock worth $9,009,000 after buying an additional 450,630 shares during the period. Systematic Financial Management LP grew its stake in Bloomin’ Brands by 76.5% in the 2nd quarter. Systematic Financial Management LP now owns 544,742 shares of the restaurant operator’s stock valued at $10,475,000 after buying an additional 236,037 shares during the last quarter. Finally, BW Gestao de Investimentos Ltda. raised its holdings in Bloomin’ Brands by 45.7% in the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 457,704 shares of the restaurant operator’s stock worth $8,802,000 after acquiring an additional 143,485 shares during the period.

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.