Bloomin’ Brands Inc to Post Q1 2019 Earnings of $0.72 Per Share, William Blair Forecasts (BLMN)

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Bloomin’ Brands Inc (NASDAQ:BLMN) – Analysts at William Blair increased their Q1 2019 EPS estimates for Bloomin’ Brands in a research note issued to investors on Monday, April 22nd. William Blair analyst S. Zackfia now expects that the restaurant operator will post earnings of $0.72 per share for the quarter, up from their previous forecast of $0.65. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Bloomin’ Brands’ Q2 2019 earnings at $0.35 EPS, Q4 2019 earnings at $0.39 EPS and FY2020 earnings at $1.78 EPS.

A number of other brokerages have also commented on BLMN. TheStreet upgraded shares of Bloomin’ Brands from a “c+” rating to a “b” rating in a report on Friday, February 15th. BidaskClub upgraded shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a report on Friday, March 29th. Zacks Investment Research upgraded shares of Bloomin’ Brands from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Tuesday, March 12th. JPMorgan Chase & Co. upgraded shares of Bloomin’ Brands from a “neutral” rating to an “overweight” rating and set a $23.00 price objective on the stock in a report on Tuesday, January 8th. Finally, Tigress Financial reiterated a “buy” rating on shares of Bloomin’ Brands in a report on Thursday, April 18th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. Bloomin’ Brands has an average rating of “Hold” and an average target price of $21.67.

Shares of BLMN stock opened at $19.49 on Thursday. Bloomin’ Brands has a 12 month low of $17.08 and a 12 month high of $24.91. The company has a current ratio of 0.42, a quick ratio of 0.33 and a debt-to-equity ratio of 19.48. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 1.30 and a beta of 0.33.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings data on Thursday, February 14th. The restaurant operator reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. Bloomin’ Brands had a net margin of 2.60% and a return on equity of 178.97%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the business posted $0.18 EPS. The firm’s revenue was down 5.9% compared to the same quarter last year.

Several institutional investors have recently modified their holdings of the company. QS Investors LLC raised its stake in shares of Bloomin’ Brands by 0.3% in the 4th quarter. QS Investors LLC now owns 193,301 shares of the restaurant operator’s stock valued at $3,459,000 after purchasing an additional 500 shares in the last quarter. Brookmont Capital Management raised its stake in shares of Bloomin’ Brands by 4.6% in the 4th quarter. Brookmont Capital Management now owns 15,605 shares of the restaurant operator’s stock valued at $279,000 after purchasing an additional 680 shares in the last quarter. Advisor Group Inc. raised its stake in shares of Bloomin’ Brands by 72.0% in the 4th quarter. Advisor Group Inc. now owns 3,233 shares of the restaurant operator’s stock valued at $57,000 after purchasing an additional 1,353 shares in the last quarter. Menta Capital LLC raised its stake in shares of Bloomin’ Brands by 7.2% in the 4th quarter. Menta Capital LLC now owns 25,458 shares of the restaurant operator’s stock valued at $455,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Commonwealth Bank of Australia raised its stake in shares of Bloomin’ Brands by 11.9% in the 4th quarter. Commonwealth Bank of Australia now owns 16,900 shares of the restaurant operator’s stock valued at $302,000 after purchasing an additional 1,800 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

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, an upscale casual seafood restaurant; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.

Further Reading: What is the Quick Ratio?

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

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