Bloomin’ Brands (NASDAQ:BLMN) Shares Down 4.3% – Time to Sell?

Bloomin’ Brands, Inc. (NASDAQ:BLMN) traded down 4.3% on Monday . The stock traded as low as $15.45 and last traded at $15.55. 288,837 shares traded hands during trading, a decline of 80% from the average session volume of 1,442,596 shares. The stock had previously closed at $16.25.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Morgan Stanley reduced their target price on Bloomin’ Brands from $26.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. UBS Group reduced their price objective on Bloomin’ Brands from $26.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft decreased their price objective on Bloomin’ Brands from $26.00 to $19.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. BMO Capital Markets cut their target price on Bloomin’ Brands from $27.00 to $20.00 and set a “market perform” rating on the stock in a report on Wednesday, August 7th. Finally, Barclays cut their price target on Bloomin’ Brands from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, October 22nd. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $21.80.

Bloomin’ Brands Trading Down 5.3 %

The firm has a fifty day moving average of $16.57 and a two-hundred day moving average of $19.15. The company has a current ratio of 0.35, a quick ratio of 0.26 and a debt-to-equity ratio of 3.46. The company has a market cap of $1.31 billion, a PE ratio of 62.50 and a beta of 2.04.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.07). Bloomin’ Brands had a return on equity of 61.90% and a net margin of 0.70%. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period last year, the company posted $0.74 EPS. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, sell-side analysts predict that Bloomin’ Brands, Inc. will post 2.07 EPS for the current year.

Institutional Trading of Bloomin’ Brands

Large investors have recently modified their holdings of the business. SG Americas Securities LLC boosted its position in Bloomin’ Brands by 219.2% during the 2nd quarter. SG Americas Securities LLC now owns 165,705 shares of the restaurant operator’s stock valued at $3,187,000 after buying an additional 113,798 shares during the period. Victory Capital Management Inc. lifted its position in Bloomin’ Brands by 29.6% during the second quarter. Victory Capital Management Inc. now owns 2,492,119 shares of the restaurant operator’s stock valued at $47,923,000 after buying an additional 569,855 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Bloomin’ Brands during the 2nd quarter valued at $563,000. Edgestream Partners L.P. purchased a new stake in shares of Bloomin’ Brands in the 2nd quarter worth about $711,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Bloomin’ Brands in the 1st quarter worth about $1,285,000.

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; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.