Bloomin’ Brands (NASDAQ:BLMN) PT Lowered to $20.00 at Barclays

Bloomin’ Brands (NASDAQ:BLMN) had its price target trimmed by Barclays from $22.00 to $20.00 in a report published on Tuesday, Benzinga reports. The firm currently has an overweight rating on the restaurant operator’s stock.

Other analysts have also issued research reports about the company. StockNews.com lowered Bloomin’ Brands from a “hold” rating to a “sell” rating in a report on Monday, October 21st. Morgan Stanley dropped their target price on shares of Bloomin’ Brands from $26.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. UBS Group reduced their price target on shares of Bloomin’ Brands from $26.00 to $18.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. BMO Capital Markets decreased their price target on shares of Bloomin’ Brands from $27.00 to $20.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Bloomin’ Brands from $26.00 to $19.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $21.80.

Bloomin’ Brands Stock Down 0.3 %

Shares of Bloomin’ Brands stock opened at $15.96 on Tuesday. Bloomin’ Brands has a 12-month low of $15.14 and a 12-month high of $30.13. The company has a quick ratio of 0.26, a current ratio of 0.35 and a debt-to-equity ratio of 3.46. The stock has a 50 day moving average price of $16.70 and a two-hundred day moving average price of $19.62. The stock has a market capitalization of $1.38 billion, a P/E ratio of 24.94 and a beta of 2.04.

Bloomin’ Brands (NASDAQ:BLMN) last posted its 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 firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.13 billion. Bloomin’ Brands had a net margin of 0.70% and a return on equity of 61.90%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.74 earnings per share. Equities analysts expect that Bloomin’ Brands will post 2.08 earnings per share for the current year.

Institutional Trading of Bloomin’ Brands

A number of large investors have recently bought and sold shares of BLMN. Deprince Race & Zollo Inc. bought a new position in shares of Bloomin’ Brands in the second quarter valued at approximately $28,672,000. Victory Capital Management Inc. raised its position in Bloomin’ Brands by 29.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,492,119 shares of the restaurant operator’s stock valued at $47,923,000 after purchasing an additional 569,855 shares during the last quarter. Millennium Management LLC boosted its stake in Bloomin’ Brands by 2,520.7% in the second quarter. Millennium Management LLC now owns 468,507 shares of the restaurant operator’s stock worth $9,009,000 after purchasing an additional 450,630 shares in the last quarter. Systematic Financial Management LP increased its stake in shares of Bloomin’ Brands by 76.5% in the second quarter. Systematic Financial Management LP now owns 544,742 shares of the restaurant operator’s stock valued at $10,475,000 after buying an additional 236,037 shares in the last quarter. Finally, BW Gestao de Investimentos Ltda. increased its stake in shares of Bloomin’ Brands by 45.7% in the second quarter. BW Gestao de Investimentos Ltda. now owns 457,704 shares of the restaurant operator’s stock valued at $8,802,000 after buying an additional 143,485 shares in 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.