Bloomin’ Brands (NASDAQ:BLMN) Price Target Increased to $30.00 by Analysts at Raymond James

Bloomin’ Brands (NASDAQ:BLMNGet Rating) had its price objective increased by Raymond James from $27.50 to $30.00 in a research note published on Tuesday morning, Benzinga reports. Raymond James currently has a strong-buy rating on the restaurant operator’s stock.

Several other research firms have also recently commented on BLMN. Barclays lowered their target price on shares of Bloomin’ Brands from $28.00 to $24.00 and set an overweight rating for the company in a research note on Thursday, January 5th. StockNews.com started coverage on shares of Bloomin’ Brands in a research note on Wednesday, October 12th. They issued a buy rating for the company. TheStreet raised shares of Bloomin’ Brands from a c rating to a b- rating in a research note on Friday, October 28th. Morgan Stanley lifted their target price on shares of Bloomin’ Brands from $23.00 to $25.00 and gave the stock an equal weight rating in a research note on Wednesday, January 18th. Finally, Gordon Haskett cut shares of Bloomin’ Brands from a buy rating to a hold rating in a research note on Tuesday, January 17th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $27.67.

Bloomin’ Brands Trading Down 3.1 %

Shares of BLMN opened at $23.40 on Tuesday. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.30 and a quick ratio of 0.21. The firm has a 50 day simple moving average of $21.96 and a 200-day simple moving average of $21.14. Bloomin’ Brands has a 1-year low of $15.89 and a 1-year high of $25.51. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 24.89 and a beta of 1.81.

Bloomin’ Brands (NASDAQ:BLMNGet Rating) last issued its quarterly earnings data on Friday, October 28th. The restaurant operator reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Bloomin’ Brands had a net margin of 2.39% and a return on equity of 92.10%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the company posted $0.57 EPS. The company’s revenue was up 4.5% on a year-over-year basis. Equities analysts forecast that Bloomin’ Brands will post 2.46 EPS for the current fiscal year.

Insider Activity at Bloomin’ Brands

In related news, CEO David J. Deno sold 60,354 shares of Bloomin’ Brands stock in a transaction on Monday, November 14th. The shares were sold at an average price of $24.39, for a total transaction of $1,472,034.06. Following the transaction, the chief executive officer now owns 372,222 shares in the company, valued at approximately $9,078,494.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO David J. Deno sold 60,354 shares of Bloomin’ Brands stock in a transaction on Monday, November 14th. The shares were sold at an average price of $24.39, for a total transaction of $1,472,034.06. Following the transaction, the chief executive officer now owns 372,222 shares in the company, valued at approximately $9,078,494.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Elizabeth A. Smith sold 200,000 shares of Bloomin’ Brands stock in a transaction on Monday, November 14th. The shares were sold at an average price of $24.19, for a total transaction of $4,838,000.00. Following the transaction, the director now owns 243,594 shares in the company, valued at approximately $5,892,538.86. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 724,508 shares of company stock worth $17,083,646. 4.85% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Bloomin’ Brands

A number of institutional investors have recently added to or reduced their stakes in BLMN. Banque Cantonale Vaudoise acquired a new position in Bloomin’ Brands in the 2nd quarter worth $50,000. Captrust Financial Advisors lifted its holdings in Bloomin’ Brands by 39.4% in the 1st quarter. Captrust Financial Advisors now owns 4,079 shares of the restaurant operator’s stock worth $89,000 after buying an additional 1,153 shares in the last quarter. AdvisorShares Investments LLC acquired a new position in Bloomin’ Brands in the 2nd quarter worth $116,000. Counterpoint Mutual Funds LLC acquired a new position in Bloomin’ Brands in the 2nd quarter worth $121,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Bloomin’ Brands by 58.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 7,748 shares of the restaurant operator’s stock worth $142,000 after buying an additional 2,861 shares in the last quarter.

About Bloomin’ Brands

(Get Rating)

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; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.

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