Shares of Bloomin’ Brands Inc. (NASDAQ:BLMN) have earned a consensus recommendation of “Buy” from the seventeen analysts that are presently covering the stock. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $21.00.
BLMN has been the subject of a number of recent analyst reports. Zacks Investment Research raised Bloomin’ Brands from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Wednesday, June 22nd. TheStreet downgraded Bloomin’ Brands from a “buy” rating to a “hold” rating in a report on Friday, June 17th. BMO Capital Markets reiterated an “outperform” rating and set a $22.00 target price on shares of Bloomin’ Brands in a report on Tuesday, August 2nd. Finally, Raymond James Financial Inc. reiterated an “outperform” rating and set a $21.00 target price on shares of Bloomin’ Brands in a report on Friday, July 15th.
Shares of Bloomin’ Brands (NASDAQ:BLMN) traded down 2.37% during midday trading on Monday, reaching $18.16. The company’s stock had a trading volume of 228,815 shares. Bloomin’ Brands has a 52-week low of $14.91 and a 52-week high of $19.89. The stock has a 50-day moving average price of $18.92 and a 200-day moving average price of $18.37. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 37.52 and a beta of 0.80.
Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings results on Friday, July 29th. The company reported $0.30 EPS for the quarter, meeting analysts’ consensus estimates of $0.30. The business earned $1.07 billion during the quarter, compared to analyst estimates of $1.09 billion. Bloomin’ Brands had a return on equity of 38.79% and a net margin of 1.38%. Bloomin’ Brands’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.28 EPS. Equities research analysts anticipate that Bloomin’ Brands will post $1.34 earnings per share for the current fiscal year.
In related news, EVP Michael Kappitt sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $19.50, for a total value of $195,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Chris Thomas Sullivan sold 79,150 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $19.05, for a total value of $1,507,807.50. The disclosure for this sale can be found here. 6.68% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in Bloomin’ Brands during the fourth quarter valued at about $16,789,000. Teachers Advisors Inc. boosted its position in Bloomin’ Brands by 1.5% in the first quarter. Teachers Advisors Inc. now owns 649,833 shares of the company’s stock valued at $10,963,000 after buying an additional 9,400 shares during the period. Prudential Financial Inc. boosted its position in Bloomin’ Brands by 27.5% in the first quarter. Prudential Financial Inc. now owns 1,934,760 shares of the company’s stock valued at $32,639,000 after buying an additional 417,160 shares during the period. BlackRock Inc. boosted its position in Bloomin’ Brands by 52.1% in the first quarter. BlackRock Inc. now owns 16,180 shares of the company’s stock valued at $273,000 after buying an additional 5,543 shares during the period. Finally, BlackRock Group LTD boosted its position in Bloomin’ Brands by 34.6% in the first quarter. BlackRock Group LTD now owns 83,378 shares of the company’s stock valued at $1,406,000 after buying an additional 21,424 shares during the period. 93.55% of the stock is currently owned by institutional investors and hedge funds.
About Bloomin’ Brands
Bloomin’ Brands, Inc (Bloomin’ Brands) is a holding company engaged in operating casual dining restaurants. The Company has a portfolio of four restaurant concepts: Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse & Wine Bar. The Company owns and operates approximately 1,340 restaurants and franchises over 170 restaurants across approximately 50 states, Puerto Rico, Guam and approximately 20 countries.
Receive News & Ratings for Bloomin' Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bloomin' Brands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.