UBS Group Lowers Bloomin’ Brands (NASDAQ:BLMN) Price Target to $13.00

Bloomin’ Brands (NASDAQ:BLMN) had its price target dropped by stock analysts at UBS Group from $16.00 to $13.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. UBS Group’s price target points to a potential upside of 3.01% from the stock’s previous close.

A number of other brokerages have also weighed in on BLMN. Bank of America decreased their price objective on Bloomin’ Brands from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. Raymond James lowered Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th. The Goldman Sachs Group started coverage on Bloomin’ Brands in a report on Thursday, December 5th. They issued a “sell” rating and a $13.00 price objective on the stock. StockNews.com upgraded Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, Barclays restated an “equal weight” rating and issued a $13.00 price objective (down previously from $19.00) on shares of Bloomin’ Brands in a report on Tuesday. One equities research analyst has rated the stock with a sell rating and eleven have given a hold rating to the company. Based on data from MarketBeat.com, Bloomin’ Brands presently has a consensus rating of “Hold” and an average target price of $16.90.

Bloomin’ Brands Trading Up 3.6 %

Shares of NASDAQ:BLMN opened at $12.62 on Tuesday. Bloomin’ Brands has a 1 year low of $11.24 and a 1 year high of $30.13. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of -114.72 and a beta of 1.97. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.31 and a quick ratio of 0.22. The business’s 50 day moving average price is $13.42 and its 200-day moving average price is $16.04.

Bloomin’ Brands (NASDAQ:BLMN) last announced its earnings results on Friday, November 8th. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. Bloomin’ Brands had a positive return on equity of 62.18% and a negative net margin of 0.12%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the firm posted $0.44 EPS. The business’s revenue was down 5.1% on a year-over-year basis. On average, equities research analysts forecast that Bloomin’ Brands will post 1.8 earnings per share for the current fiscal year.

Institutional Trading of Bloomin’ Brands

A number of hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC increased its position 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 worth $60,000 after purchasing an additional 4,198 shares during the last quarter. Principal Financial Group Inc. grew its position in 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 valued at $41,806,000 after acquiring an additional 147,895 shares in the last quarter. Franklin Resources Inc. grew its position in Bloomin’ Brands by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 50,007 shares of the restaurant operator’s stock valued at $773,000 after acquiring an additional 1,392 shares in the last quarter. Barclays PLC grew its position in Bloomin’ Brands by 29.4% in the 3rd quarter. Barclays PLC now owns 219,080 shares of the restaurant operator’s stock valued at $3,621,000 after acquiring an additional 49,723 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in Bloomin’ Brands in the 3rd quarter valued at about $500,000.

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.