Analysts Set Bloomin' Brands, Inc. (NASDAQ:BLMN) PT at $16.90

Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report) has been assigned a consensus rating of "Reduce" from the eleven brokerages that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating and nine have issued a hold rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $16.30.

A number of analysts recently commented on the company. Raymond James lowered Bloomin' Brands from an "outperform" rating to a "market perform" rating in a research report on Monday, November 11th. UBS Group dropped their price target on shares of Bloomin' Brands from $16.00 to $13.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Barclays reaffirmed an "equal weight" rating and issued a $13.00 price objective (down from $19.00) on shares of Bloomin' Brands in a research note on Tuesday, January 7th. Piper Sandler dropped their target price on shares of Bloomin' Brands from $20.00 to $16.00 and set a "neutral" rating for the company in a research report on Monday, November 11th. Finally, Bank of America downgraded Bloomin' Brands from a "neutral" rating to an "underperform" rating and cut their price target for the company from $18.00 to $13.00 in a research note on Monday.

Bloomin' Brands Stock Performance

Shares of NASDAQ BLMN traded up $0.01 during mid-day trading on Monday, hitting $12.71. The company had a trading volume of 366,560 shares, compared to its average volume of 1,641,935. Bloomin' Brands has a 12 month low of $11.03 and a 12 month high of $30.13. The firm has a market cap of $1.08 billion, a P/E ratio of -115.67 and a beta of 1.97. The business's 50-day simple moving average is $12.42 and its 200-day simple moving average is $15.28. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.22.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last announced its quarterly earnings results on Friday, November 8th. The restaurant operator reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.02. Bloomin' Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The firm had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1.04 billion. During the same quarter last year, the company earned $0.44 earnings per share. The company's revenue for the quarter was down 5.1% compared to the same quarter last year. As a group, analysts predict that Bloomin' Brands will post 1.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bloomin' Brands

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Entropy Technologies LP acquired a new position in shares of Bloomin' Brands during the 4th quarter worth $140,000. Fruth Investment Management acquired a new position in Bloomin' Brands during the fourth quarter worth about $152,000. EMC Capital Management lifted its holdings in shares of Bloomin' Brands by 527,533.3% in the fourth quarter. EMC Capital Management now owns 15,829 shares of the restaurant operator's stock worth $193,000 after acquiring an additional 15,826 shares during the last quarter. Goldstone Financial Group LLC bought a new position in shares of Bloomin' Brands in the fourth quarter worth about $286,000. Finally, GAMMA Investing LLC grew its holdings in shares of Bloomin' Brands by 606.6% during the 4th quarter. GAMMA Investing LLC now owns 4,890 shares of the restaurant operator's stock valued at $60,000 after purchasing an additional 4,198 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.