Bloomin’ Brands (NASDAQ:BLMN) Upgraded at StockNews.com

Bloomin’ Brands (NASDAQ:BLMN) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

BLMN has been the subject of a number of other reports. Bank of America downgraded Bloomin’ Brands from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $18.00 to $13.00 in a report on Monday, January 27th. Raymond James cut shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. cut their price target on shares of Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 12th. Piper Sandler cut their price target on shares of Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, November 11th. Finally, The Goldman Sachs Group started coverage on shares of Bloomin’ Brands in a research report on Thursday, December 5th. They set a “sell” rating and a $13.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $16.30.

Bloomin’ Brands Stock Performance

NASDAQ BLMN opened at $12.56 on Friday. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of -114.17 and a beta of 1.97. Bloomin’ Brands has a twelve month low of $11.03 and a twelve month high of $30.13. The stock has a fifty day simple moving average of $12.41 and a 200 day simple moving average of $15.17. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 4.46.

Bloomin’ Brands (NASDAQ:BLMN) last posted its quarterly earnings data on Friday, November 8th. The restaurant operator reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.04 billion. Bloomin’ Brands had a positive return on equity of 62.18% and a negative net margin of 0.12%. Bloomin’ Brands’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 earnings per share. Sell-side analysts expect that Bloomin’ Brands will post 1.8 EPS for the current year.

Institutional Investors Weigh In On Bloomin’ Brands

A number of hedge funds have recently modified their holdings of the stock. Verdence Capital Advisors LLC raised its stake in shares of Bloomin’ Brands by 6.6% during the third quarter. Verdence Capital Advisors LLC now owns 12,676 shares of the restaurant operator’s stock valued at $210,000 after acquiring an additional 780 shares during the last quarter. Hsbc Holdings PLC grew its holdings in Bloomin’ Brands by 8.7% in the second quarter. Hsbc Holdings PLC now owns 13,567 shares of the restaurant operator’s stock worth $258,000 after purchasing an additional 1,083 shares during the period. Franklin Resources Inc. grew its holdings in Bloomin’ Brands by 2.9% in the third quarter. Franklin Resources Inc. now owns 50,007 shares of the restaurant operator’s stock worth $773,000 after purchasing an additional 1,392 shares during the period. KBC Group NV grew its holdings in Bloomin’ Brands by 79.1% in the third quarter. KBC Group NV now owns 3,371 shares of the restaurant operator’s stock worth $56,000 after purchasing an additional 1,489 shares during the period. Finally, Gladius Capital Management LP purchased a new stake in Bloomin’ Brands in the third quarter worth about $26,000.

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