Bloomin’ Brands (NASDAQ:BLMN) Earns Sell Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Bloomin’ Brands (NASDAQ:BLMN) in a report issued on Thursday,Benzinga reports. The brokerage set a “sell” rating and a $13.00 price target on the restaurant operator’s stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 0.62% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Bloomin’ Brands from $26.00 to $19.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Piper Sandler dropped their price objective on Bloomin’ Brands from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, November 11th. BMO Capital Markets dropped their price objective on Bloomin’ Brands from $27.00 to $20.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 7th. Bank of America dropped their price objective on Bloomin’ Brands from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 22nd. Finally, UBS Group dropped their price objective on Bloomin’ Brands from $26.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $19.09.

Bloomin’ Brands Trading Down 0.6 %

NASDAQ BLMN opened at $12.92 on Thursday. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of -117.44 and a beta of 1.95. The stock’s 50 day moving average price is $15.19 and its two-hundred day moving average price is $17.38. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.22 and a current ratio of 0.31. Bloomin’ Brands has a 52 week low of $12.26 and a 52 week high of $30.13.

Bloomin’ Brands (NASDAQ:BLMN) last released its earnings results on Friday, November 8th. The restaurant operator reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Bloomin’ Brands had a positive return on equity of 62.18% and a negative net margin of 0.12%. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 EPS. As a group, analysts anticipate that Bloomin’ Brands will post 1.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bloomin’ Brands

A number of hedge funds have recently made changes to their positions in the stock. SummerHaven Investment Management LLC raised its position in shares of Bloomin’ Brands by 2.6% during the second quarter. SummerHaven Investment Management LLC now owns 27,857 shares of the restaurant operator’s stock worth $536,000 after acquiring an additional 718 shares during the last quarter. Verdence Capital Advisors LLC grew its stake in Bloomin’ Brands by 6.6% during the third quarter. Verdence Capital Advisors LLC now owns 12,676 shares of the restaurant operator’s stock worth $210,000 after purchasing an additional 780 shares during the period. Hsbc Holdings PLC grew its stake in Bloomin’ Brands by 8.7% during the second quarter. Hsbc Holdings PLC now owns 13,567 shares of the restaurant operator’s stock worth $258,000 after purchasing an additional 1,083 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Bloomin’ Brands by 8.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,204 shares of the restaurant operator’s stock worth $331,000 after purchasing an additional 1,354 shares during the period. Finally, Franklin Resources Inc. grew its stake in Bloomin’ Brands by 2.9% during the third quarter. Franklin Resources Inc. now owns 50,007 shares of the restaurant operator’s stock worth $773,000 after purchasing an additional 1,392 shares during the period.

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.