Bloomin’ Brands Inc (NASDAQ:BLMN) has been given an average recommendation of “Hold” by the fifteen analysts that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $20.78.
A number of analysts have issued reports on BLMN shares. Barclays lowered their target price on Bloomin’ Brands from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, October 18th. ValuEngine raised Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Monday, September 16th. BMO Capital Markets raised Bloomin’ Brands from an “underperform” rating to a “market perform” rating and raised their target price for the company from $17.00 to $19.00 in a report on Thursday, September 5th. Loop Capital started coverage on Bloomin’ Brands in a report on Monday, July 22nd. They issued a “buy” rating and a $22.00 target price on the stock. Finally, Morgan Stanley lowered their target price on Bloomin’ Brands from $20.00 to $19.00 and set an “equal weight” rating on the stock in a report on Friday, October 18th.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in BLMN. BlackRock Inc. lifted its position in shares of Bloomin’ Brands by 91.6% in the 2nd quarter. BlackRock Inc. now owns 14,314,548 shares of the restaurant operator’s stock worth $270,689,000 after acquiring an additional 6,842,170 shares during the period. Vanguard Group Inc. lifted its position in shares of Bloomin’ Brands by 4.8% in the 2nd quarter. Vanguard Group Inc. now owns 12,715,593 shares of the restaurant operator’s stock worth $240,452,000 after acquiring an additional 587,697 shares during the period. Prudential Financial Inc. lifted its position in shares of Bloomin’ Brands by 6.7% in the 2nd quarter. Prudential Financial Inc. now owns 2,851,968 shares of the restaurant operator’s stock worth $53,931,000 after acquiring an additional 178,191 shares during the period. Rothschild & Co. Asset Management US Inc. lifted its position in shares of Bloomin’ Brands by 3.0% in the 2nd quarter. Rothschild & Co. Asset Management US Inc. now owns 2,089,678 shares of the restaurant operator’s stock worth $39,516,000 after acquiring an additional 60,690 shares during the period. Finally, Nuveen Asset Management LLC bought a new stake in shares of Bloomin’ Brands in the 2nd quarter worth approximately $33,037,000. 94.15% of the stock is currently owned by hedge funds and other institutional investors.
Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings data on Wednesday, July 31st. The restaurant operator reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.01. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.04 billion. Bloomin’ Brands had a return on equity of 105.54% and a net margin of 2.62%. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 EPS. Research analysts forecast that Bloomin’ Brands will post 1.55 earnings per share for the current year.
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, an upscale casual seafood restaurant; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.
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