Barclays Lowers Bloomin' Brands (NASDAQ:BLMN) Price Target to $19.00

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) had its target price lowered by stock analysts at Barclays from $20.00 to $19.00 in a report released on Monday,Benzinga reports. The firm presently has an "overweight" rating on the restaurant operator's stock. Barclays's price target suggests a potential upside of 38.08% from the company's current price.

BLMN has been the subject of a number of other research reports. StockNews.com raised shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a research report on Wednesday, November 6th. Raymond James downgraded Bloomin' Brands from an "outperform" rating to a "market perform" rating in a research note on Monday. UBS Group reduced their target price on Bloomin' Brands from $26.00 to $18.00 and set a "neutral" rating on the stock in a report on Wednesday, August 7th. Bank of America lowered their price target on Bloomin' Brands from $22.00 to $19.00 and set a "neutral" rating for the company in a report on Tuesday, October 22nd. Finally, BMO Capital Markets reduced their price objective on Bloomin' Brands from $27.00 to $20.00 and set a "market perform" rating on the stock in a research note on Wednesday, August 7th. Ten investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $20.70.

Bloomin' Brands Trading Down 9.2 %

BLMN traded down $1.39 on Monday, reaching $13.76. 4,375,452 shares of the company's stock were exchanged, compared to its average volume of 1,498,664. Bloomin' Brands has a twelve month low of $13.63 and a twelve month high of $30.13. The company's 50 day moving average is $16.42 and its 200-day moving average is $18.77. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.26 and a current ratio of 0.35. The company has a market cap of $1.17 billion, a price-to-earnings ratio of -124.44 and a beta of 2.04.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last announced its quarterly 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. Bloomin' Brands had a net margin of 0.70% and a return on equity of 61.90%. The firm had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1.04 billion. During the same period in the prior year, the company earned $0.44 EPS. The firm's revenue was down 5.1% on a year-over-year basis. Equities analysts predict that Bloomin' Brands will post 1.77 earnings per share for the current year.

Hedge Funds Weigh In On Bloomin' Brands

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BLMN. Deprince Race & Zollo Inc. acquired a new stake in shares of Bloomin' Brands in the second quarter valued at $28,672,000. Victory Capital Management Inc. lifted its holdings 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 acquiring an additional 569,855 shares during the last quarter. Millennium Management LLC lifted its holdings in Bloomin' Brands by 2,520.7% in the 2nd quarter. Millennium Management LLC now owns 468,507 shares of the restaurant operator's stock valued at $9,009,000 after acquiring an additional 450,630 shares during the last quarter. Systematic Financial Management LP boosted its position in shares of Bloomin' Brands by 76.5% during the 2nd quarter. Systematic Financial Management LP now owns 544,742 shares of the restaurant operator's stock valued at $10,475,000 after purchasing an additional 236,037 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Bloomin' Brands by 6.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,529,130 shares of the restaurant operator's stock worth $41,806,000 after purchasing an additional 147,895 shares during the last quarter.

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; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.