Bloomin’ Brands (NASDAQ:BLMN) Earns Buy Rating from Analysts at MKM Partners

MKM Partners began coverage on shares of Bloomin’ Brands (NASDAQ:BLMN) in a report issued on Tuesday morning, BenzingaRatingsTable reports. The firm issued a buy rating and a $20.00 price objective on the restaurant operator’s stock.

A number of other research firms also recently issued reports on BLMN. BidaskClub upgraded Bloomin’ Brands from a sell rating to a hold rating in a research note on Tuesday, August 6th. ValuEngine downgraded Bloomin’ Brands from a hold rating to a sell rating in a research note on Monday, July 8th. Zacks Investment Research upgraded Bloomin’ Brands from a sell rating to a hold rating in a research note on Monday, July 15th. Tigress Financial restated a buy rating on shares of Bloomin’ Brands in a research note on Thursday, April 18th. Finally, Deutsche Bank started coverage on Bloomin’ Brands in a research note on Friday, June 28th. They set a buy rating and a $24.00 price target for the company. Four analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $21.36.

Bloomin’ Brands stock opened at $15.51 on Tuesday. The business has a 50-day simple moving average of $17.52 and a two-hundred day simple moving average of $19.27. The company has a market cap of $1.38 billion, a P/E ratio of 10.34, a P/E/G ratio of 1.05 and a beta of 0.23. Bloomin’ Brands has a 52-week low of $15.49 and a 52-week high of $22.22. The company has a quick ratio of 0.21, a current ratio of 0.30 and a debt-to-equity ratio of 15.18.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings results on Wednesday, July 31st. The restaurant operator reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.01. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.04 billion. Bloomin’ Brands had a return on equity of 105.54% and a net margin of 2.62%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.36 EPS. Research analysts anticipate that Bloomin’ Brands will post 1.58 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, August 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.58%. Bloomin’ Brands’s payout ratio is currently 26.67%.

Several hedge funds have recently bought and sold shares of BLMN. Factorial Partners LLC raised its holdings in shares of Bloomin’ Brands by 6.3% during the 2nd quarter. Factorial Partners LLC now owns 42,300 shares of the restaurant operator’s stock worth $800,000 after acquiring an additional 2,500 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of Bloomin’ Brands during the 2nd quarter worth approximately $33,037,000. UBS Asset Management Americas Inc. raised its holdings in shares of Bloomin’ Brands by 1.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 93,020 shares of the restaurant operator’s stock worth $1,759,000 after acquiring an additional 1,312 shares in the last quarter. CSat Investment Advisory L.P. purchased a new stake in shares of Bloomin’ Brands during the 2nd quarter worth approximately $306,000. Finally, Point72 Asset Management L.P. raised its holdings in shares of Bloomin’ Brands by 111.7% during the 2nd quarter. Point72 Asset Management L.P. now owns 43,600 shares of the restaurant operator’s stock worth $824,000 after acquiring an additional 23,000 shares in the last quarter. 94.52% of the stock is currently owned by hedge funds and other institutional investors.

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, an upscale casual seafood restaurant; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.

Further Reading: How to Use a Moving Average for Trading 

Analyst Recommendations for Bloomin` Brands (NASDAQ:BLMN)

Receive News & Ratings for Bloomin' Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bloomin' Brands and related companies with MarketBeat.com's FREE daily email newsletter.