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

Bloomin’ Brands (NASDAQ:BLMN) had its price objective lowered by equities researchers at UBS Group from $16.00 to $13.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the restaurant operator’s stock. UBS Group’s target price suggests a potential upside of 3.01% from the company’s current price.

Several other analysts have also commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Bloomin’ Brands from $19.00 to $14.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. Piper Sandler cut their price objective on shares of Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, November 11th. Raymond James downgraded shares of Bloomin’ Brands from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th. Barclays restated an “equal weight” rating and set a $13.00 price objective (down previously from $19.00) on shares of Bloomin’ Brands in a report on Tuesday. Finally, Bank of America cut their price objective on shares of Bloomin’ Brands from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating and eleven have issued a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $16.90.

Bloomin’ Brands Stock Up 3.6 %

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 company has a 50-day moving average of $13.42 and a 200 day moving average of $16.04. The firm has a market cap of $1.07 billion, a PE 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.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings data 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 company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.04 billion. Bloomin’ Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 earnings per share. As a group, research analysts anticipate that Bloomin’ Brands will post 1.8 EPS for the current fiscal year.

Institutional Investors Weigh In On Bloomin’ Brands

Several hedge funds have recently bought and sold shares of BLMN. Gladius Capital Management LP purchased a new stake in Bloomin’ Brands in the 3rd quarter worth approximately $26,000. KBC Group NV boosted its position in Bloomin’ Brands by 79.1% in the 3rd quarter. KBC Group NV now owns 3,371 shares of the restaurant operator’s stock worth $56,000 after purchasing an additional 1,489 shares in the last quarter. GAMMA Investing LLC boosted its position in Bloomin’ Brands by 606.6% in 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Bloomin’ Brands in the 2nd quarter worth approximately $111,000. Finally, Point72 DIFC Ltd purchased a new stake in Bloomin’ Brands in the 2nd quarter worth approximately $169,000.

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.