Bloomin' Brands Inc (BLMN) Given Average Recommendation of “Hold” by Analysts

Bloomin' Brands Inc (NASDAQ:BLMN) has earned a consensus rating of “Hold” from the seventeen ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $21.36.

A number of equities analysts have commented on BLMN shares. Zacks Investment Research lowered Bloomin' Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Jefferies Group restated a “hold” rating and set a $19.00 price objective on shares of Bloomin' Brands in a research note on Thursday, October 12th. Barclays lowered their price objective on Bloomin' Brands from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 18th. Credit Suisse Group lowered their price objective on Bloomin' Brands from $18.50 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, November 6th. Finally, BMO Capital Markets lowered their price objective on Bloomin' Brands from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Monday, November 6th.

In other Bloomin' Brands news, Chairman Elizabeth A. Smith sold 375,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $20.79, for a total value of $7,796,250.00. Following the sale, the chairman now owns 206,235 shares of the company’s stock, valued at approximately $4,287,625.65. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Elizabeth A. Smith sold 100,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $17.00, for a total value of $1,700,000.00. Following the completion of the sale, the chairman now directly owns 82,935 shares in the company, valued at approximately $1,409,895. The disclosure for this sale can be found here. In the last ninety days, insiders sold 551,878 shares of company stock worth $11,131,099. Company insiders own 7.04% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Jana Partners LLC acquired a new stake in shares of Bloomin' Brands during the 3rd quarter valued at $73,480,000. Stevens Capital Management LP boosted its holdings in shares of Bloomin' Brands by 57.7% during the 3rd quarter. Stevens Capital Management LP now owns 18,849 shares of the restaurant operator’s stock valued at $332,000 after acquiring an additional 6,900 shares in the last quarter. Numeric Investors LLC acquired a new stake in shares of Bloomin' Brands during the 2nd quarter valued at $4,573,000. Segall Bryant & Hamill LLC boosted its holdings in shares of Bloomin' Brands by 13.9% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 187,652 shares of the restaurant operator’s stock valued at $3,303,000 after acquiring an additional 22,906 shares in the last quarter. Finally, Jennison Associates LLC acquired a new stake in shares of Bloomin' Brands during the 3rd quarter valued at $620,000.

Bloomin' Brands (BLMN) traded up $0.14 during trading on Tuesday, reaching $22.08. The company’s stock had a trading volume of 55,418 shares, compared to its average volume of 710,120. Bloomin' Brands has a 12-month low of $16.11 and a 12-month high of $22.47. The company has a debt-to-equity ratio of 31.17, a quick ratio of 0.29 and a current ratio of 0.36. The company has a market cap of $2,050.00, a price-to-earnings ratio of 28.68, a PEG ratio of 1.29 and a beta of 0.64.

Bloomin' Brands (NASDAQ:BLMN) last posted its quarterly earnings data on Friday, November 3rd. The restaurant operator reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.04). Bloomin' Brands had a return on equity of 94.30% and a net margin of 1.93%. The company had revenue of $948.90 million for the quarter, compared to the consensus estimate of $944.30 million. During the same quarter last year, the business earned $0.19 EPS. Bloomin' Brands’s revenue was down 5.6% on a year-over-year basis. equities analysts expect that Bloomin' Brands will post 1.33 earnings per share for the current year.

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About Bloomin' Brands

Bloomin’ Brands, Inc is a holding company. The Company owns and operates casual, upscale casual and fine dining restaurants. The Company operates through two segments: U.S. and International. The U.S. segment includes all brands operating in the United States. The International segment includes brands operating outside the United States.

Analyst Recommendations for Bloomin' Brands (NASDAQ:BLMN)

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