Bloomin’ Brands (NASDAQ:BLMN) PT Lowered to $27.00

Bloomin’ Brands (NASDAQ:BLMN) had its price target cut by investment analysts at BMO Capital Markets from $29.00 to $27.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “market perform” rating on the restaurant operator’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 17.44% from the stock’s current price.

Several other analysts have also commented on BLMN. Citigroup raised their price objective on shares of Bloomin’ Brands from $25.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. UBS Group dropped their price target on Bloomin’ Brands from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday. Barclays raised their price objective on Bloomin’ Brands from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, February 26th. Finally, JPMorgan Chase & Co. cut Bloomin’ Brands from an “overweight” rating to a “neutral” rating and set a $26.00 price objective for the company. in a research report on Tuesday, January 23rd. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $27.50.

Bloomin’ Brands Stock Down 3.8 %

Shares of NASDAQ:BLMN opened at $22.99 on Wednesday. The stock’s 50-day moving average is $27.38 and its 200 day moving average is $26.15. The company has a market cap of $2.00 billion, a PE ratio of 9.09, a P/E/G ratio of 9.85 and a beta of 2.02. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.34 and a quick ratio of 0.27. Bloomin’ Brands has a 1 year low of $22.03 and a 1 year high of $30.13.

Bloomin’ Brands (NASDAQ:BLMN) last posted its earnings results on Tuesday, May 7th. The restaurant operator reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.05). Bloomin’ Brands had a net margin of 5.30% and a return on equity of 73.67%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the firm posted $0.98 earnings per share. Bloomin’ Brands’s quarterly revenue was down 4.0% on a year-over-year basis. Sell-side analysts anticipate that Bloomin’ Brands will post 2.55 EPS for the current year.

Institutional Trading of Bloomin’ Brands

A number of hedge funds have recently bought and sold shares of BLMN. Headlands Technologies LLC purchased a new stake in shares of Bloomin’ Brands in the first quarter valued at approximately $30,000. EverSource Wealth Advisors LLC raised its holdings in shares of Bloomin’ Brands by 683.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,261 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 1,100 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of Bloomin’ Brands during the 3rd quarter valued at about $32,000. TFO Wealth Partners LLC grew its holdings in shares of Bloomin’ Brands by 284,000.0% in the fourth quarter. TFO Wealth Partners LLC now owns 2,841 shares of the restaurant operator’s stock valued at $80,000 after purchasing an additional 2,840 shares during the period. Finally, Assetmark Inc. increased its position in Bloomin’ Brands by 23.5% during the third quarter. Assetmark Inc. now owns 4,026 shares of the restaurant operator’s stock worth $99,000 after purchasing an additional 765 shares during the last quarter.

About Bloomin’ Brands

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.