Bloomin' Brands (NASDAQ:BLMN) Downgraded to Market Perform Rating by Raymond James

Raymond James cut shares of Bloomin' Brands (NASDAQ:BLMN - Free Report) from an outperform rating to a market perform rating in a report published on Monday morning, Marketbeat.com reports.

Several other research firms have also issued reports on BLMN. Barclays reduced their target price on shares of Bloomin' Brands from $22.00 to $20.00 and set an "overweight" rating for the company in a report on Tuesday, October 22nd. Morgan Stanley reduced their target price on shares of Bloomin' Brands from $26.00 to $22.00 and set an "equal weight" rating for the company in a report on Tuesday, July 16th. Citigroup cut their price objective on shares of Bloomin' Brands from $22.00 to $20.00 and set a "neutral" rating on the stock in a report on Monday, August 19th. Deutsche Bank Aktiengesellschaft dropped their target price on Bloomin' Brands from $26.00 to $19.00 and set a "hold" rating on the stock in a research report on Wednesday, August 7th. Finally, StockNews.com upgraded Bloomin' Brands from a "sell" rating to a "hold" rating in a research report on Wednesday, November 6th. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, Bloomin' Brands has a consensus rating of "Hold" and an average price target of $20.70.

Bloomin' Brands Trading Down 8.9 %

Shares of NASDAQ BLMN traded down $1.35 during mid-day trading on Monday, hitting $13.80. The stock had a trading volume of 2,417,447 shares, compared to its average volume of 1,489,334. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.26 and a current ratio of 0.35. Bloomin' Brands has a 1 year low of $13.65 and a 1 year high of $30.13. The business has a 50 day moving average price of $16.42 and a two-hundred day moving average price of $18.77. The firm has a market cap of $1.17 billion, a P/E ratio of 61.16 and a beta of 2.04.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last released its earnings results on Friday, November 8th. The restaurant operator reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.02. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.04 billion. Bloomin' Brands had a net margin of 0.70% and a return on equity of 61.90%. The company's revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 EPS. On average, equities analysts anticipate that Bloomin' Brands will post 2.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gladius Capital Management LP acquired a new stake in shares of Bloomin' Brands in the 3rd quarter valued at about $26,000. Headlands Technologies LLC bought a new position in shares of Bloomin' Brands in the first quarter valued at approximately $30,000. KBC Group NV increased its position in shares of Bloomin' Brands by 79.1% during the 3rd quarter. KBC Group NV now owns 3,371 shares of the restaurant operator's stock valued at $56,000 after purchasing an additional 1,489 shares during the period. EntryPoint Capital LLC lifted its holdings in Bloomin' Brands by 6,454.9% in the 1st quarter. EntryPoint Capital LLC now owns 3,343 shares of the restaurant operator's stock valued at $96,000 after acquiring an additional 3,292 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Bloomin' Brands during the 2nd quarter valued at $111,000.

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.