BidaskClub cut shares of Bloomin’ Brands (NASDAQ:BLMN) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.
A number of other equities research analysts have also recently commented on the company. JPMorgan Chase & Co. increased their target price on Bloomin’ Brands from $21.00 to $26.00 and gave the stock a neutral rating in a research note on Tuesday, May 1st. Deutsche Bank raised Bloomin’ Brands from a hold rating to a buy rating in a research note on Friday, March 2nd. ValuEngine cut Bloomin’ Brands from a strong-buy rating to a buy rating in a research report on Thursday, April 12th. Finally, Barclays increased their price objective on Bloomin’ Brands from $27.00 to $28.00 and gave the company an overweight rating in a research report on Friday, April 27th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. Bloomin’ Brands has an average rating of Hold and a consensus price target of $23.88.
Bloomin’ Brands opened at $19.65 on Friday, according to MarketBeat.com. Bloomin’ Brands has a 12 month low of $16.11 and a 12 month high of $25.00. The firm has a market capitalization of $1.87 billion, a PE ratio of 14.45, a P/E/G ratio of 1.46 and a beta of 0.35. The company has a debt-to-equity ratio of 10.30, a quick ratio of 0.33 and a current ratio of 0.41.
Bloomin’ Brands (NASDAQ:BLMN) last released its earnings results on Thursday, April 26th. The restaurant operator reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.13. Bloomin’ Brands had a return on equity of 198.45% and a net margin of 2.91%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the firm posted $0.58 earnings per share. The company’s quarterly revenue was down 3.3% on a year-over-year basis. equities analysts anticipate that Bloomin’ Brands will post 1.42 earnings per share for the current year.
In other Bloomin’ Brands news, CEO Elizabeth A. Smith sold 212,791 shares of the stock in a transaction dated Friday, April 6th. The stock was sold at an average price of $24.78, for a total value of $5,272,960.98. Following the transaction, the chief executive officer now owns 292,180 shares of the company’s stock, valued at $7,240,220.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Elizabeth A. Smith sold 558,837 shares of the stock in a transaction dated Monday, April 9th. The shares were sold at an average price of $24.63, for a total value of $13,764,155.31. Following the completion of the transaction, the chairman now directly owns 292,180 shares in the company, valued at approximately $7,196,393.40. The disclosure for this sale can be found here. Insiders have sold 1,888,851 shares of company stock worth $45,148,496 over the last ninety days. 7.47% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of the business. UBS Asset Management Americas Inc. lifted its holdings in Bloomin’ Brands by 3.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 78,505 shares of the restaurant operator’s stock valued at $1,675,000 after acquiring an additional 2,593 shares during the period. Royal Bank of Canada lifted its holdings in Bloomin’ Brands by 48.3% in the first quarter. Royal Bank of Canada now owns 8,274 shares of the restaurant operator’s stock valued at $201,000 after acquiring an additional 2,693 shares during the period. New York State Teachers Retirement System lifted its holdings in Bloomin’ Brands by 48.2% in the first quarter. New York State Teachers Retirement System now owns 8,300 shares of the restaurant operator’s stock valued at $202,000 after acquiring an additional 2,700 shares during the period. Snow Capital Management LP lifted its holdings in Bloomin’ Brands by 1.8% in the fourth quarter. Snow Capital Management LP now owns 162,688 shares of the restaurant operator’s stock valued at $3,472,000 after acquiring an additional 2,925 shares during the period. Finally, Swiss National Bank lifted its holdings in Bloomin’ Brands by 1.9% in the first quarter. Swiss National Bank now owns 162,200 shares of the restaurant operator’s stock valued at $3,938,000 after acquiring an additional 3,100 shares during the period. 95.20% of the stock is currently owned by 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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