Weekly Research Analysts’ Ratings Updates for Bloomin’ Brands (BLMN)

Several brokerages have updated their recommendations and price targets on shares of Bloomin’ Brands (NASDAQ: BLMN) in the last few weeks:

  • 10/10/2019 – Bloomin’ Brands was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/1/2019 – Bloomin’ Brands was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Bloomin’ Brands, Inc. is a casual dining restaurant company with a portfolio of differentiated restaurant concepts. It has five concepts: Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, Fleming’s Prime Steakhouse and Wine Bar and Roy’s. The Company offers its products and services through company owned and franchised locations throughout the United States and internationally. Bloomin’ Brands, Inc. is based in Tampa, Florida. “
  • 9/25/2019 – Bloomin’ Brands was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 9/19/2019 – Bloomin’ Brands was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 9/16/2019 – Bloomin’ Brands was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 9/5/2019 – Bloomin’ Brands was upgraded by analysts at BMO Capital Markets from an “underperform” rating to a “market perform” rating. They now have a $19.00 price target on the stock, up previously from $17.00.
  • 9/5/2019 – Bloomin’ Brands was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 9/3/2019 – Bloomin’ Brands was given a new $20.00 price target on by analysts at MKM Partners. They now have a “buy” rating on the stock.
  • 8/28/2019 – Bloomin’ Brands was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/21/2019 – Bloomin’ Brands was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/15/2019 – Bloomin’ Brands was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/13/2019 – Bloomin’ Brands is now covered by analysts at MKM Partners. They set a “buy” rating and a $20.00 price target on the stock.

BLMN traded down $0.10 on Thursday, hitting $18.66. The company had a trading volume of 792,950 shares, compared to its average volume of 1,599,017. Bloomin’ Brands Inc has a 52-week low of $15.12 and a 52-week high of $22.22. The stock has a fifty day simple moving average of $18.58 and a 200-day simple moving average of $18.75. The firm has a market capitalization of $1.64 billion, a P/E ratio of 12.44, a P/E/G ratio of 1.24 and a beta of 0.31. The company has a debt-to-equity ratio of 15.18, a current ratio of 0.30 and a quick ratio of 0.21.

Bloomin’ Brands (NASDAQ:BLMN) last announced its earnings results on Wednesday, July 31st. The restaurant operator reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.01. Bloomin’ Brands had a net margin of 2.62% and a return on equity of 105.54%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the firm earned $0.36 earnings per share. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. Equities research analysts expect that Bloomin’ Brands Inc will post 1.58 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in BLMN. BlackRock Inc. increased its stake in shares of Bloomin’ Brands by 91.6% during the second quarter. BlackRock Inc. now owns 14,314,548 shares of the restaurant operator’s stock valued at $270,689,000 after purchasing an additional 6,842,170 shares in the last quarter. Nuveen Asset Management LLC bought a new position in shares of Bloomin’ Brands during the second quarter valued at approximately $33,037,000. Bessemer Group Inc. increased its stake in shares of Bloomin’ Brands by 341.4% during the second quarter. Bessemer Group Inc. now owns 1,170,995 shares of the restaurant operator’s stock valued at $22,144,000 after purchasing an additional 905,693 shares in the last quarter. Copeland Capital Management LLC increased its stake in shares of Bloomin’ Brands by 132.9% during the second quarter. Copeland Capital Management LLC now owns 1,466,275 shares of the restaurant operator’s stock valued at $27,727,000 after purchasing an additional 836,605 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Bloomin’ Brands by 99.8% during the second quarter. Bank of New York Mellon Corp now owns 1,440,749 shares of the restaurant operator’s stock valued at $27,245,000 after purchasing an additional 719,691 shares in the last quarter. 94.15% of the stock is owned by institutional investors and hedge funds.

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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