Bloomin' Brands (NASDAQ:BLMN - Get Free Report) released its earnings results on Friday. The restaurant operator reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.02, Briefing.com reports. Bloomin' Brands had a return on equity of 61.90% and a net margin of 0.70%. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the company posted $0.44 EPS. Bloomin' Brands's revenue for the quarter was down 5.1% on a year-over-year basis.
Bloomin' Brands Stock Down 9.7 %
Shares of NASDAQ:BLMN traded down $1.63 during trading on Friday, hitting $15.15. The stock had a trading volume of 5,143,239 shares, compared to its average volume of 1,485,182. The company has a quick ratio of 0.26, a current ratio of 0.35 and a debt-to-equity ratio of 3.46. Bloomin' Brands has a 12 month low of $14.72 and a 12 month high of $30.13. The company has a market capitalization of $1.29 billion, a PE ratio of 58.27 and a beta of 2.04. The firm's fifty day moving average is $16.42 and its 200 day moving average is $18.82.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on BLMN shares. Citigroup dropped their price objective on Bloomin' Brands from $22.00 to $20.00 and set a "neutral" rating for the company in a research note on Monday, August 19th. Barclays cut their price target on shares of Bloomin' Brands from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Tuesday, October 22nd. BMO Capital Markets lowered their price objective 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. UBS Group cut their target price on Bloomin' Brands from $26.00 to $18.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 7th. Finally, Morgan Stanley lowered their price target on Bloomin' Brands from $26.00 to $22.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 16th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $21.33.
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About Bloomin' Brands
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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.
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