Bloomin' Brands (NASDAQ:BLMN) Shares Down 4.3% - Time to Sell?

Shares of Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report) fell 4.3% during trading on Monday . The stock traded as low as $15.45 and last traded at $15.55. 288,837 shares were traded during trading, a decline of 80% from the average session volume of 1,442,596 shares. The stock had previously closed at $16.25.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Morgan Stanley reduced their price target 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. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Bloomin' Brands from $26.00 to $19.00 and set a "hold" rating for the company in a research note on Wednesday, August 7th. Citigroup dropped their price target on Bloomin' Brands from $22.00 to $20.00 and set a "neutral" rating on the stock in a research note on Monday, August 19th. StockNews.com raised Bloomin' Brands from a "sell" rating to a "hold" rating in a research report on Tuesday, October 29th. Finally, Bank of America dropped their target price on Bloomin' Brands from $22.00 to $19.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 22nd. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Bloomin' Brands presently has a consensus rating of "Hold" and a consensus target price of $21.80.

Bloomin' Brands Stock Down 4.9 %

The company has a market cap of $1.31 billion, a price-to-earnings ratio of 59.46 and a beta of 2.04. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.35 and a quick ratio of 0.26. The firm has a 50-day moving average price of $16.53 and a 200 day moving average price of $19.07.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.13 billion. Bloomin' Brands had a return on equity of 61.90% and a net margin of 0.70%. Bloomin' Brands's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.74 EPS. Sell-side analysts predict that Bloomin' Brands, Inc. will post 2.07 EPS for the current year.

Institutional Trading of Bloomin' Brands

Hedge funds and other institutional investors have recently modified their holdings of the stock. Headlands Technologies LLC bought a new position in shares of Bloomin' Brands in the 1st quarter valued at $30,000. EntryPoint Capital LLC raised its position 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 valued at $96,000 after purchasing an additional 3,292 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Bloomin' Brands during the second quarter valued at about $111,000. Point72 DIFC Ltd bought a new stake in shares of Bloomin' Brands during the second quarter worth about $169,000. Finally, Olympiad Research LP bought a new stake in shares of Bloomin' Brands during the third quarter worth about $202,000.

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.