Bloomin’ Brands (NASDAQ:BLMN) Downgraded by StockNews.com

StockNews.com lowered shares of Bloomin’ Brands (NASDAQ:BLMN) from a hold rating to a sell rating in a research report sent to investors on Monday morning.

A number of other analysts have also issued reports on the stock. BMO Capital Markets dropped their price target on shares of Bloomin’ Brands from $27.00 to $20.00 and set a “market perform” rating for the company in a research note on Wednesday, August 7th. Barclays dropped their price target on shares of Bloomin’ Brands from $30.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, August 7th. Morgan Stanley dropped their price target on shares of Bloomin’ Brands from $26.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. Citigroup lowered their target price on shares of Bloomin’ Brands from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, August 19th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Bloomin’ Brands from $26.00 to $19.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Bloomin’ Brands currently has a consensus rating of “Hold” and an average target price of $21.80.

Bloomin’ Brands Trading Up 0.4 %

NASDAQ BLMN opened at $16.01 on Monday. The company’s fifty day simple moving average is $16.73 and its 200-day simple moving average is $19.70. Bloomin’ Brands has a 52 week low of $15.14 and a 52 week high of $30.13. The company has a current ratio of 0.35, a quick ratio of 0.26 and a debt-to-equity ratio of 3.46. The stock has a market cap of $1.38 billion, a P/E ratio of 25.02 and a beta of 2.04.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.07). The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.13 billion. Bloomin’ Brands had a return on equity of 61.90% and a net margin of 0.70%. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.74 EPS. Equities research analysts predict that Bloomin’ Brands will post 2.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Bloomin’ Brands

Institutional investors have recently modified their holdings of the company. Capstone Investment Advisors LLC bought a new position in shares of Bloomin’ Brands during the first quarter worth about $2,042,000. SG Americas Securities LLC grew its position in shares of Bloomin’ Brands by 219.2% during the second quarter. SG Americas Securities LLC now owns 165,705 shares of the restaurant operator’s stock worth $3,187,000 after acquiring an additional 113,798 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Bloomin’ Brands by 29.6% during the second quarter. Victory Capital Management Inc. now owns 2,492,119 shares of the restaurant operator’s stock worth $47,923,000 after acquiring an additional 569,855 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Bloomin’ Brands during the second quarter worth about $563,000. Finally, Edgestream Partners L.P. bought a new position in shares of Bloomin’ Brands during the second quarter worth about $711,000.

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.