Bloomin' Brands (NASDAQ:BLMN) Reaches New 12-Month Low - What's Next?

Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $15.00 and last traded at $15.00, with a volume of 54545 shares changing hands. The stock had previously closed at $16.78.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BLMN. Citigroup cut their price target on shares of Bloomin' Brands from $22.00 to $20.00 and set a "neutral" rating on the stock in a research note on Monday, August 19th. UBS Group lowered their price target on Bloomin' Brands from $26.00 to $18.00 and set a "neutral" rating for the company in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft cut their price objective on Bloomin' Brands from $26.00 to $19.00 and set a "hold" rating on the stock in a report on Wednesday, August 7th. Morgan Stanley decreased their target price on Bloomin' Brands from $26.00 to $22.00 and set an "equal weight" rating for the company in a report on Tuesday, July 16th. Finally, StockNews.com upgraded shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Bloomin' Brands presently has a consensus rating of "Hold" and a consensus price target of $21.33.

Bloomin' Brands Stock Down 9.7 %

The firm has a market capitalization of $1.29 billion, a PE ratio of 58.08 and a beta of 2.04. The company has a quick ratio of 0.26, a current ratio of 0.35 and a debt-to-equity ratio of 3.46. The firm's 50 day moving average price is $16.47 and its two-hundred day moving average price is $18.96.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last announced its earnings results on Tuesday, August 6th. The restaurant operator reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.07). The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. Bloomin' Brands had a net margin of 0.70% and a return on equity of 61.90%. The firm's revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.74 earnings per share. As a group, research analysts forecast that Bloomin' Brands, Inc. will post 2.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Bloomin' Brands

Several hedge funds and other institutional investors have recently modified their holdings of BLMN. Headlands Technologies LLC acquired a new stake in Bloomin' Brands during the first quarter valued at approximately $30,000. Gladius Capital Management LP bought a new position in Bloomin' Brands during the third quarter worth $26,000. EntryPoint Capital LLC boosted its holdings in Bloomin' Brands by 6,454.9% in the first quarter. EntryPoint Capital LLC now owns 3,343 shares of the restaurant operator's stock worth $96,000 after purchasing an additional 3,292 shares during the period. KBC Group NV increased its stake in Bloomin' Brands by 79.1% during the third 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 last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Bloomin' Brands in the 2nd quarter valued at about $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.