Bloomin’ Brands Inc (NASDAQ:BLMN) Receives Average Rating of “Buy” from Brokerages

Shares of Bloomin’ Brands Inc (NASDAQ:BLMN) have received a consensus rating of “Buy” from the sixteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $21.89.

A number of equities research analysts have recently issued reports on the company. Deutsche Bank assumed coverage on Bloomin’ Brands in a research report on Friday, June 28th. They set a “buy” rating and a $24.00 target price on the stock. MKM Partners set a $20.00 price target on Bloomin’ Brands and gave the company a “buy” rating in a research report on Tuesday, September 3rd. BMO Capital Markets raised Bloomin’ Brands from an “underperform” rating to a “market perform” rating and upped their price target for the company from $17.00 to $19.00 in a research report on Thursday, September 5th. BidaskClub lowered Bloomin’ Brands from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 25th. Finally, TheStreet lowered Bloomin’ Brands from a “b-” rating to a “c+” rating in a research report on Monday, August 5th.

Shares of Bloomin’ Brands stock traded down $0.06 on Thursday, reaching $18.87. 798,058 shares of the company were exchanged, compared to its average volume of 1,628,003. The stock has a fifty day moving average price of $18.04 and a 200-day moving average price of $18.81. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 12.58, a price-to-earnings-growth ratio of 1.24 and a beta of 0.27. The company has a current ratio of 0.30, a quick ratio of 0.21 and a debt-to-equity ratio of 15.18. Bloomin’ Brands has a fifty-two week low of $15.12 and a fifty-two week high of $22.22.

Bloomin’ Brands (NASDAQ:BLMN) last announced its earnings results on Wednesday, July 31st. The restaurant operator reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.04 billion. Bloomin’ Brands had a return on equity of 105.54% and a net margin of 2.62%. Bloomin’ Brands’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.36 earnings per share. On average, equities analysts anticipate that Bloomin’ Brands will post 1.58 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of BLMN. Geode Capital Management LLC increased its position in Bloomin’ Brands by 5.8% in the 4th quarter. Geode Capital Management LLC now owns 1,033,721 shares of the restaurant operator’s stock worth $18,493,000 after purchasing an additional 56,685 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in Bloomin’ Brands by 26.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 31,184 shares of the restaurant operator’s stock worth $638,000 after purchasing an additional 6,504 shares during the last quarter. California Public Employees Retirement System increased its position in Bloomin’ Brands by 83.5% in the 1st quarter. California Public Employees Retirement System now owns 244,132 shares of the restaurant operator’s stock worth $4,992,000 after purchasing an additional 111,093 shares during the last quarter. New York State Teachers Retirement System acquired a new position in Bloomin’ Brands in the 1st quarter worth about $70,000. Finally, JPMorgan Chase & Co. increased its position in Bloomin’ Brands by 52.3% in the 1st quarter. JPMorgan Chase & Co. now owns 905,178 shares of the restaurant operator’s stock worth $18,511,000 after purchasing an additional 310,843 shares during the last quarter. 94.15% 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.

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Analyst Recommendations for Bloomin` Brands (NASDAQ:BLMN)

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