William Blair Analysts Decrease Earnings Estimates for Bloomin’ Brands, Inc. (BLMN)

Bloomin’ Brands, Inc. (NASDAQ:BLMN) – Equities research analysts at William Blair lowered their Q3 2017 EPS estimates for Bloomin’ Brands in a research note issued to investors on Thursday. William Blair analyst S. Zackfia now forecasts that the restaurant operator will post earnings per share of $0.11 for the quarter, down from their previous forecast of $0.16. William Blair also issued estimates for Bloomin’ Brands’ FY2017 earnings at $1.36 EPS.

Bloomin’ Brands (NASDAQ:BLMN) last issued its earnings results on Wednesday, July 26th. The restaurant operator reported $0.28 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.28. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Bloomin’ Brands had a return on equity of 74.68% and a net margin of 2.29%. The company’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 EPS.

ILLEGAL ACTIVITY NOTICE: “William Blair Analysts Decrease Earnings Estimates for Bloomin’ Brands, Inc. (BLMN)” was posted by Ticker Report and is owned by of Ticker Report. If you are reading this news story on another site, it was stolen and reposted in violation of US and international copyright and trademark laws. The original version of this news story can be viewed at https://www.tickerreport.com/banking-finance/2981997/william-blair-analysts-decrease-earnings-estimates-for-bloomin-brands-inc-blmn.html.

A number of other research firms have also weighed in on BLMN. BidaskClub lowered shares of Bloomin’ Brands from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Jefferies Group LLC restated a “hold” rating and issued a $19.00 target price on shares of Bloomin’ Brands in a report on Thursday, October 12th. ValuEngine lowered shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Raymond James Financial, Inc. set a $24.00 target price on shares of Bloomin’ Brands and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, Barclays PLC lowered their target price on shares of Bloomin’ Brands from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, October 18th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $20.78.

Bloomin’ Brands (BLMN) opened at 17.67 on Monday. The company has a 50 day moving average price of $17.33 and a 200-day moving average price of $19.20. Bloomin’ Brands has a one year low of $15.82 and a one year high of $22.16. The firm has a market capitalization of $1.75 billion, a PE ratio of 19.59 and a beta of 0.65.

Hedge funds have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Bloomin’ Brands by 10.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,144 shares of the restaurant operator’s stock worth $109,000 after purchasing an additional 476 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Bloomin’ Brands by 83.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,647 shares of the restaurant operator’s stock worth $162,000 after purchasing an additional 3,472 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Bloomin’ Brands by 8.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 8,794 shares of the restaurant operator’s stock worth $174,000 after purchasing an additional 693 shares in the last quarter. Parametrica Management Ltd bought a new stake in Bloomin’ Brands in the 2nd quarter worth about $201,000. Finally, SG Americas Securities LLC grew its position in Bloomin’ Brands by 4.8% in the 2nd quarter. SG Americas Securities LLC now owns 9,662 shares of the restaurant operator’s stock worth $205,000 after purchasing an additional 439 shares in the last quarter.

Bloomin’ Brands Company Profile

Bloomin’ Brands, Inc is a holding company. The Company owns and operates casual, upscale casual and fine dining restaurants. The Company operates through two segments: U.S. and International. The U.S. segment includes all brands operating in the United States. The International segment includes brands operating outside the United States.

Earnings History and Estimates for Bloomin` Brands (NASDAQ:BLMN)

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.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2017 Ticker Report. Google+.