Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) have been assigned a consensus rating of “Buy” by the thirteen research firms that currently cover the company, reports MarketBeat Ratings. One equity research analyst rated the stock with a sell recommendation, three issued a hold recommendation, six issued a buy recommendation and one gave the company a strong buy recommendation. The 1-year average price target among analysts who have covered the stock over the past year is $30.20.
BLMN has been the subject of several analyst reports. Barclays cut its price target on Bloomin’ Brands from $30.00 to $26.00 and set an “overweight” rating for the company in a Wednesday, Dec. 15 report. Raymond James cut its price target on Bloomin’ Brands from $37.50 to $30.00 and set a “Strong Buy” rating for the company in a Wednesday, Nov. 3, report. Credit Suisse Group cut its price target on Bloomin’ Brands from $33.00 to $30.00 and set an “outperform” rating for the company in a Wednesday, Nov. 3, report. Morgan Stanley cut its target price on Bloomin’ Brands from $28.00 to $25.00 and set an “equal weight” rating on the stock in a Friday, January 14 report. Finally, BMO Capital Markets cut its target price on Bloomin’ Brands from $37.00 to $30.00 and set an “outperform” rating on the stock in a Wednesday, Nov. 3, report.
In related news, COO Gregg Scarlett purchased 10,000 shares of the company in a trade dated Monday, November 22. The shares were acquired at an average cost of $19.22 per share, for a total transaction of $192,200.00. The acquisition was disclosed in a filing with the SEC, which is available on the SEC’s website. 4.62% of the shares are currently held by company insiders.
Institutional investors and hedge funds have recently been buying and selling stocks. First Horizon Advisors Inc. increased its stake in Bloomin’ Brands by 421.3% during the third quarter. First Horizon Advisors Inc. now owns 782 shares of the restaurateur valued at $26,000 after buying an additional 632 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Bloomin’ Brands in the second quarter worth $35,000. Signaturefd LLC increased its position in Bloomin’ Brands shares by 1,044.9% in the third quarter. Signaturefd LLC now owns 1,557 shares of the restaurateur worth $39,000 after purchasing an additional 1,421 shares during the period. Patriot Financial Group Insurance Agency LLC increased its position in Bloomin’ Brands shares by 32.5% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 2,550 shares of the restaurateur worth $64,000 after purchasing an additional 625 shares during the period. Finally, JFS Wealth Advisors LLC acquired a new stake in shares of Bloomin’ Brands in the third quarter worth $74,000.
Shares of NASDAQ BLMN opened at $19.30 on Friday. Bloomin’ Brands has a 1-year low of $17.29 and a 1-year high of $32.81. The company has a 50-day moving average of $20.05 and a 200-day moving average of $23.14. The company has a debt ratio of 4.98, a current ratio of 0.27 and a quick ratio of 0.19. The company has a market capitalization of $1.72 billion, a price-earnings ratio of 15.44 and a beta of 2.07.
Bloomin’ Brands Inc (NASDAQ:BLMN) last released its quarterly results on Monday, November 1. The restaurateur reported EPS of $0.57 for the quarter, meeting analyst consensus estimates of $0.57. The company posted revenue of $1.01 billion in the quarter, versus a consensus estimate of $1.04 billion. Bloomin’ Brands had a return on equity of 219.10% and a net margin of 3.62%. In the same quarter a year earlier, the company posted ($0.12) earnings per share. Research analysts expect Bloomin’ Brands to post EPS of 2.61 for the current fiscal year.
Bloomin’ Brands Company Profile
Bloomin’ Brands, Inc. is engaged in the acquisition, operation, design and development of restaurant concepts. It operates through the following segments: United States and International. The USA segment operates in the United States and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong and China.
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