ValuEngine Lowers Bloomin’ Brands (NASDAQ:BLMN) to Sell

ValuEngine downgraded shares of Bloomin’ Brands (NASDAQ:BLMN) from a hold rating to a sell rating in a research report sent to investors on Monday, ValuEngine reports.

Other equities analysts also recently issued reports about the company. Guggenheim reaffirmed a buy rating and set a $60.00 price target on shares of Foot Locker in a research report on Friday, May 24th. Zacks Investment Research downgraded Hancock Jaffe Laboratories from a buy rating to a hold rating in a research report on Wednesday, June 26th. BMO Capital Markets reaffirmed a hold rating on shares of Royal Bank of Canada in a research report on Thursday, May 23rd. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of in a research report on Friday, June 28th. Finally, Tigress Financial reaffirmed a buy rating on shares of Bloomin’ Brands in a research report on Thursday, April 18th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $21.73.

Bloomin’ Brands stock traded up $0.10 during mid-day trading on Monday, reaching $17.50. 2,554,600 shares of the company were exchanged, compared to its average volume of 1,609,353. The firm’s fifty day moving average is $18.82. The company has a debt-to-equity ratio of 9.20, a quick ratio of 0.21 and a current ratio of 0.30. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 11.67, a P/E/G ratio of 1.14 and a beta of 0.27. Bloomin’ Brands has a 12-month low of $17.00 and a 12-month high of $22.22.



Bloomin’ Brands (NASDAQ:BLMN) last posted its earnings results on Friday, April 26th. The restaurant operator reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.02. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.12 billion. Bloomin’ Brands had a return on equity of 124.00% and a net margin of 2.56%. Bloomin’ Brands’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.71 earnings per share. As a group, equities research analysts predict that Bloomin’ Brands will post 1.59 EPS for the current fiscal year.

In related news, Chairman Elizabeth A. Smith sold 65,486 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $20.00, for a total value of $1,309,720.00. Following the transaction, the chairman now directly owns 411,733 shares of the company’s stock, valued at approximately $8,234,660. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Elizabeth A. Smith sold 116,318 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $19.99, for a total value of $2,325,196.82. Following the completion of the transaction, the insider now directly owns 411,733 shares in the company, valued at $8,230,542.67. The disclosure for this sale can be found here. 4.39% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. grew its position in Bloomin’ Brands by 72.0% during the 4th quarter. Advisor Group Inc. now owns 3,233 shares of the restaurant operator’s stock worth $57,000 after purchasing an additional 1,353 shares during the period. PNC Financial Services Group Inc. acquired a new stake in Bloomin’ Brands during the 4th quarter worth about $60,000. New York State Teachers Retirement System acquired a new stake in Bloomin’ Brands during the 1st quarter worth about $70,000. Pearl River Capital LLC grew its position in Bloomin’ Brands by 1,085.2% during the 1st quarter. Pearl River Capital LLC now owns 6,578 shares of the restaurant operator’s stock worth $134,000 after purchasing an additional 6,023 shares during the period. Finally, Investors Research Corp acquired a new stake in Bloomin’ Brands during the 1st quarter worth about $183,000. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

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, an upscale casual seafood restaurant; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.

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Analyst Recommendations for Bloomin` Brands (NASDAQ:BLMN)

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