Bloomin' Brands (NASDAQ:BLMN) Price Target Lowered to $13.00 at UBS Group

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) had its price target dropped by equities researchers at UBS Group from $16.00 to $13.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the restaurant operator's stock. UBS Group's price target suggests a potential upside of 9.52% from the company's current price.

Other analysts also recently issued research reports about the stock. StockNews.com upgraded shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a report on Wednesday, November 6th. Bank of America dropped their price objective on Bloomin' Brands from $22.00 to $19.00 and set a "neutral" rating for the company in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. decreased their target price on Bloomin' Brands from $19.00 to $14.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 12th. Barclays reaffirmed an "equal weight" rating and set a $13.00 price objective (down from $19.00) on shares of Bloomin' Brands in a research report on Tuesday. Finally, Raymond James cut Bloomin' Brands from an "outperform" rating to a "market perform" rating in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the stock. According to data from MarketBeat.com, Bloomin' Brands presently has an average rating of "Hold" and a consensus price target of $16.90.

Bloomin' Brands Trading Down 5.9 %

NASDAQ:BLMN traded down $0.75 on Tuesday, hitting $11.87. The stock had a trading volume of 1,806,870 shares, compared to its average volume of 2,100,958. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of -107.90 and a beta of 1.97. Bloomin' Brands has a 1-year low of $11.24 and a 1-year high of $30.13. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 4.46. The company has a fifty day moving average price of $13.42 and a two-hundred day moving average price of $16.04.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last released 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. The business had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1.04 billion. Bloomin' Brands had a positive return on equity of 62.18% and a negative net margin of 0.12%. The company's revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 EPS. Equities research analysts expect that Bloomin' Brands will post 1.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bloomin' Brands

A number of institutional investors have recently modified their holdings of BLMN. Gladius Capital Management LP purchased a new position in Bloomin' Brands during the 3rd quarter worth $26,000. KBC Group NV boosted its stake in shares of Bloomin' Brands by 79.1% during the third quarter. KBC Group NV now owns 3,371 shares of the restaurant operator's stock worth $56,000 after buying an additional 1,489 shares during the period. GAMMA Investing LLC grew its holdings in shares of Bloomin' Brands by 606.6% during the fourth quarter. GAMMA Investing LLC now owns 4,890 shares of the restaurant operator's stock worth $60,000 after buying an additional 4,198 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Bloomin' Brands during the 2nd quarter valued at approximately $111,000. Finally, Point72 DIFC Ltd acquired a new stake in Bloomin' Brands during the 2nd quarter worth approximately $169,000.

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.